WHAT ARE TENANT LOANS?
As the name suggests Tenant Loans are unsecured loans.These are meant for those who do not own any 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 any 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 treat these borrowers equal to the homeowners and make 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, we can help you in searching the right loan for you as per your needs.
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 conduct a soft credit check before forwarding your application to our lenders. A soft credit check doesn’t impact your credit score as it never leave any footprint on your credit report. All persons seeking bad credit loans are treated equally by Loan Princess. You can fill the online form and receive ready help your way.
Loans for Tenant
Besides helping the tenants for loan, 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 forbad credit loans.
In the UK, a large population is living as tenant, as they fail to afford housing. By helping tenants avail loan, Loan Princess caters to demands of a large part of market seeking credit help.
We compare loans that can be paid back over 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.
Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Loan Princess is a credit broker and not a lender