What are Tenant Loans?
As the name suggests Tenant Loans are unsecured loans. These are meant for those who do not own their residential property and are dependent on a rented house for living. The borrower could be a tenant of a house rented from a council, a housing association or an individual privately.
What to expect?
Being a tenant the borrower is not expected to provide the loan security. Even if you are living with your parents or relatives you can seek the benefits of tenant loans.
In the absence of loan security, many conventional lenders shy away from Tenants and refuse Loans to them. They treat these borrowers as riskier prospects as compared to those having a home or some other property on their name.
The Loan Princess Advantage
Loan Princess however treats these borrowers equal to the home owners and makes valid efforts to find out the best deals for those looking for tenant loans. So, whether you are currently living in a rented accommodation or your employer’s home or sharing space of your parents, you could be rest assured of availing 100% free loan advice from Loan Princess.
We can help you find unsecured loans up to £10000 from a legitimate lender. Based on your preferences, you can ask for repayments varying from 6 months to 10 years.
You can be rest assured about the complete security of your information as we do not share your personal data with any of the lenders. We ensure that no footprints are made on your credit report at any of the step.
We also extend our guidance on tenant loans for bad credit score. All persons seeking bad credit loans are treated equal by Loan Princess. You can fill the online form and receive ready help your way. We would guide you sail through the bad debts and stay afloat.
Tenant Guarantor Loans
Besides helping in loan for tenant, Loan Princess also helps you when you want Tenant Guarantor Loans. Many lenders consider only guarantors with home equity as viable parties to loans. However we consider tenants as guarantors for bad credit loans.
We believe that if you could afford a loan, you should not be denied the title of tenant guarantor.
In UK a large population is living as tenant as they fail to afford housing. By helping tenants avail loan the Loan Princess caters to demands of a large part of market seeking credit help.
We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you’ll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%.
This is a representative example of what it may cost: a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22