INSTANT TENANT LOANS: How Tenants Can Secure Funds Fast
Capital is something which everyone requires. Even tenants, their non-homeowner status notwithstanding, require substantial finance from time to time for some big-budget projects. Therefore, they cannot be excluded from the radar of the lending world. And so, to meet answer their monetary requirements, a special type of lending has come up in the name of instant tenant loans [http://www.lowcostunsecuredloans.net/instant_tenant_loans.html].
Instant tenant loans are simply unsecured loans available to tenants. The absence of collateral enables them to avail these loans easily without any hassles. They may use it to fund any of their personal plans like paying off debts, auto purchase, medical treatment, holidays/ wedding expenses, higher education and the like. Any kind of tenant may seek recourse to these loans- a council tenant, an MOD tenant, a PG tenant or a non-homeowner living with parents can all apply successfully.
There are certain criteria that a tenant has to meet in order to be eligible for an instant tenant loan:
* He must be 18 years old or above
* He must be currently employed
* His salary should be above £1000 per month
* He should have a valid bank account which is at least three months old.
* He should have proof stating that he has resided at his current address for the last 12 months.
As long as these criteria are fulfilled, any sum in the range of £500 to £15000 can be borrowed by a tenant. Depending upon the amount borrowed, the repayment term could last for any period between 6 months to 10 years.
Instant tenant loans are the loan options that many tenants depend on. They are approved very quickly and without hassles. But these loans are liable to carry higher interest rates than traditional loans owing to their unsecured nature. To avail the cheapest rates available, a tenant has to compare a variety of loan quotes. Such a research can easily be conducted through online services where quotes are provided for free.
Instant tenant loans are simply unsecured loans available to tenants. The absence of collateral enables them to avail these loans easily without any hassles. They may use it to fund any of their personal plans like paying off debts, auto purchase, medical treatment, holidays/ wedding expenses, higher education and the like. Any kind of tenant may seek recourse to these loans- a council tenant, an MOD tenant, a PG tenant or a non-homeowner living with parents can all apply successfully.
There are certain criteria that a tenant has to meet in order to be eligible for an instant tenant loan:
* He must be 18 years old or above
* He must be currently employed
* His salary should be above £1000 per month
* He should have a valid bank account which is at least three months old.
* He should have proof stating that he has resided at his current address for the last 12 months.
As long as these criteria are fulfilled, any sum in the range of £500 to £15000 can be borrowed by a tenant. Depending upon the amount borrowed, the repayment term could last for any period between 6 months to 10 years.
Instant tenant loans are the loan options that many tenants depend on. They are approved very quickly and without hassles. But these loans are liable to carry higher interest rates than traditional loans owing to their unsecured nature. To avail the cheapest rates available, a tenant has to compare a variety of loan quotes. Such a research can easily be conducted through online services where quotes are provided for free.
