A home is not the compulsory criteria for availing loans. Tenants also deserve it. These days, besides homeowners, tenants are applying for different sorts of loans as well. Availability of various kinds of unsecured loans has enticed tenants to enter in loan market. As these loans are available without any collateral, thus tenants can access these loans easily.
As a tenant, you can avail these loans without pledging any property as collateral. But do remember, your credit score and repayment capacity will be checked by lenders at the time of providing loans. At the same time, for availing any sort of tenant loan, you will have to fulfill the following criteria
Full time employment.
Your account must have a direct debt card acceptance facility
Evidence of your identity and residence
A contact number, it could be a mobile or landline number.
These loans are available for all sorts of tenants, like council tenants, private tenants, and people living with parents.
However, tenant loans are available with an attractive package ranged from 1,000 to 50,000. And the repayment period of these loans varies from 1-25 years. But the...