Tenant Loans

Are you a tenant looking for a loan? Read on to find out all about Tenant Loans. If you are after tenant loans, you will not be able to obtain a secured personal loan, because these are secured against your property.

However, being a tenant rather than a home owner shouldn’t bar you from being able to obtain a tenant loan; often not being a home owner counts against you when applying for credit, and lowers you ‘credit score’ based on the criteria set by many lenders, regardless of this a great number of companies such as our tenant loans provider offer solutions specifically to help tenants find loans and actually welcome tenant loans applications from private or council tenants, as well as applicants who live with their parents.

You can still obtain a competitive interest rate with a tenant loan; however it is typical that the lending sum offered is restricted to between £250 to £15,000, and the maximum tenant loan term allowed is generally 5 years.

Competition is strong for tenant loans, and one of the best ways to shop around for a well priced loan is use a comparison service; these allow you to enter your personal details and loan requirements and tell you what the best tenant loans are, remember though, price is not everything and you should consider other aspects of the product also, such as possible redemption penalties for early repayment of your loan.

To apply for a tenants loan click here