subject: Tenant Loans - Cash Support For Non Homeowners [print this page] Many a times, there are people who do not own a house, who do not have a property of their own. When they face a critical problem, very often they have a tendency to worry all the times. Looking for a financial help may be a prolonging procedure for you. Here is an instant solution for you. Tenant loans are a great help.
They are unsecured advances. Therefore, the financial market gives you cash in an easy way. Such people use this scheme for a varied purpose such as for paying medical bills, or for paying pending bills, for purchasing a car or bike, for higher education expenses, for expenses incurred on holiday and many more.
The amount given to the tenants ranges from 1000 to 25000. However, the repayment time period for them varies form 1 to 10 years. It is very essential for you to fulfill the eligibility conditions. These conditions include that you should necessarily be a UK resident, you should be 18 years and above, you should also have a checking account with the bank, and you should be employed on the basis of monthly salary.
There is no need for the tenants to place a security against the borrowed amount. As a result there is no need for you to stand in long queues, no more documentation is required. This is a hassle-free process.
Due to the unsecured nature, bad credit tenant loans carry a high rate of interest. As a result, they must make sure of their ability to pay back the amount on time. If there is a failure of payment then, there is a possibility that the borrower may be charged with an extra debt. Another method of accessing funds is the online mode. You need to fill a form in a suitable sequence. The company executives will then approve the amount to your Bank Account after proper verification and authentication.
by: Mark Broad
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