Personal loans for tenants- it sounds surprising, isnt it? But let me assure you that now not only homeowners but tenants also deserve to acquire personal loans and can fulfill their all personal desires. Now owning a home is not the pre requisite criteria to avail personal loans.
Personal tenant loans, a special privilege for tenants, are a sort of unsecured loan. Therefore, you do not need to pledge any property against the loan amount. But, do not forget that lenders will check your credit history before providing a personal tenant loan. In such cases, they may take help of credit rating agencies and lenders will also judge whether you are capable to repay the amount or not.
However, to qualify for a personal tenant loan, you will have to meet the following criteria:
Full time employment.
Your account must have a direct debt card acceptance facility
Evidence for your identity and residence
A contact number, it could be a mobile or landline number.
As a personal tenant loan, you can borrow the amount ranging from 1,000 to 50,000. And the repayment period varies from 1-25 years. At the same time, you should bear in your mind...
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