|
|
| www.1001TopWords.com |
|
|
What is a Tenant Loan?
Ever wondered what is a Tenant Loan? A tenant loan is another term for an unsecured personal loan. Tenant loans are aimed specifically at people who do not own any property. Tenant loans are a way for those people who rent their accommodation from the council, private landlords or live with parents to apply for a loan. Tenant loans are unsecured because you do not need to own a property to use as collateral on the loan. Unsecured loans are a good loan option for people who are financially stable and able to keep up loan repayments, and who may or may not own their own property. Tenant loans can be taken out and used for any purpose, including new car, debt consolidation, home improvement or luxury holiday. Tenant loans are available from a range of banks, building societies and other financial institutions. You can borrow from around £1,000 to £50,000 and choose to repay the tenant loan over a period of 1 to 25 years. The basic requirements for those wishing to apply for tenant loans are: You are in full time employment. You are paid by computerised pay slips. Your bank account accepts a Direct Debit facility. You have proof of identification and residence - normally utility bills. You have made satisfactory rent payments (excluding "living with parents") You have a home telephone line (or a mobile provided a copy of the agreement is produced) The disadvantages of tenant loans is that you will not be able to get such low interest rates or as much collateral as those who put up their home as security have access to. Rather than borrowing up to £100,000 which you can if you own a property, you will only be able to borrow up to £25,000. However there are benefits ? the loan will not be tied to your home so if you do have problems repaying, your home will not be directly at risk. It is important to carefully plan and budget your monthly repayments to make sure you can afford to take out a tenant loan. Tenant loan lenders will be less relaxed about missed repayments because they do not have your property as security. Remember that although the loan lender cannot repossess your property, they can still take you to court. When applying for a tenant loan you will need to have three years accommodation and address details, and three years employment history. If you have moved address or job recently you may have more trouble getting a loan. However there are loan companies that will offer you a loan whatever your situation, so make sure you are honest when making your application and you will be able to get a loan that suits you and your needs. You may freely reprint this article provided the author's biography remains intact: John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
|
|
|
|
RELATED ARTICLES
Are You In The Market For a Car Loan? Car loans are a tempting way to purchase a new car. While they provide for easy access to a car, these loans can get quite expensive if you do not know enough about what you are getting into. Simple research will provide you with information that can save you some real expenses. Even if you are getting a used car loan or a car title loan, you need to understand what you are getting into. What is Credit? Ever wondered what is credit? Credit is more than just a plastic card you use to buy things - it is your financial trustworthiness. Good credit means that your history of payments, employment and salary make you a good candidate for a loan, and creditors - those who lend money or services - will be more willing to work with you. Second Mortgage Loans A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender's lien, hence the term second mortgage. Education Loans Can Augment The Boundaries Of What You Can Achieve Education never ends ? it is not said without reason. We are educated all our lives and getting an education not only is a great achievement but something that gives you the tools to find your own way in the world. Education is indispensable; little do we realize how much more it can bring to us in terms of worldly amplifications. Anyone can have propensity and the natural endowment for education. But one might not have the resources to finance their education. You certainly can't let lack of resources impede you from advancing your prospects through education. Then you accidentally stumble upon the word 'education loans'. Loans for education ? you have never thought about it as a feasible arrangement. Education loans can open newer panoramas in regard to your education aspirations. Getting the Best Loans UK with Bad Credit Sometimes it might seem as though finding good loans UK is nearly impossible for those who have bad credit. Ways to Find a Cheap Loan If you're in the process of trying to find a cheap loan, you might find it frustrating and wonder if you're ever going to find the loan that you want. What is Credit Insurance? Are you wondering what is credit insurance? Very simply, credit insurance is an insurance policy that protects a loan on the chance that you are unable to make the repayments. The next time you have occasion to apply for a loan or mortgage, you will be asked if you want to buy credit insurance, or it might already be included in your loan proposal. If so, it will increase your loan amount and you'll pay additional interest. Shopping for Loans Online When looking for loans online, you might find yourself wondering exactly how secure your information is and how the loan that you can get online would compare to a loan obtained at a physical establishment such as a bank or finance company. Both of these concerns are very legitimate, and are weighed every day by people just like you who are trying to make decisions about loans online. Guide to Secured Loans Here is a useful guide to secured loans. A secured loan is a loan that a lender provides on the understanding that a property is secured against the loan. Secured loans are also commonly known as a homeowner loan, home loan or home owner loan. No Money Down Real Estate - Fund All Your Deals With Private Lending!! If you invest in real estate, you need cash to buy houses. Even if you have a full bank account and great credit, you'll eventually run short on funds - or short on time to obtain a loan - for the next deal. Private lending is the answer. It is a bottomless pool of readily accessible funds: whether you have great credit or poor; whether you have cash reserves or not. Military Payday Loans! The Before Pay Check Financial Fiasco, is History Now Working under the most prestigious service of the country ? military ? and still struggling with ends to meet! Are finances crumbling on you? And you thinking of another job? Will it easy to maintain two jobs? How would it affect your life? Is there a guarantee that the second job will solve the financial crunch? Military payday loans can offer respite from these queries, if your cash problems are temporary. A Secured Loan Could Save You Money What is a Secured Loan? Bridging the Gap ? through Bridging Loans You were on your regular walk with your wife, and you passed by this house. Then the idea struck - you want this home. A chat with the property dealer and the price was fixed. But there was a problem - a major problem to be exact. Finding the UK Loan that You Need Because it can sometimes be difficult to find a UK loan with a low interest rate and acceptable loan terms, many people get frustrated with the entire borrowing and lending process. How To Save Money On Car Loans Have you noticed that everyone seems to have a newer car than you? There's good news. You can find a way to upgrade your old clunker to a newer model. There are many ways to save money on your car loan. Lenders are competing for your business, and more and more car loans are approved to allow more people than ever to buy a car. Are You Ready for Your Students Student Loans? Your son or daughter is a high school senior and your worried about the coming year, and more importantly, the coming student loans? College has become so important in your children's future that parents have begun to plan for it at their child's birth. But, not all of us, as new parents thought that far ahead or could afford too. So, now what? Student loans, whether they are federal loans or not, are options to considered, but to understand first. Benefits of a Business Loan There are many benefits in choosing a business loan, some of which are listed below: What is a Cash Advance Loan? A cash advance loan is a short-term loan secured by your paycheck. It is also known as a "Payday Loan". Benefits of an Unsecured Loan Listed below are some of the benefits of an unsecured loan. An unsecured loan is a loan which does not require you to have any collateral to secure the loan against. If You Consider To Get a Quick Cash Loan Then Reconsider It A quick cash loan also called payday loan, cash advance loan or a deferred deposit service is a small, short-term loan typically ranging from $ 100 to $ 500. These quick cash loans are issued against paychecks. In 2003, payday lenders like bank departments, credit companies or independent cash lenders serviced between 10 million and 12 million customers. A typical borrower of such cash loans pays $15 for every $100 borrowed. The loan period normally lasts for two-weeks. If you do the maths, youl'll quickly see that this accumulates up to an annual percentage rate of about 400%.
|
| © Athifea Distribution LLC - 2013 |
