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Tenant Loans Explained

budget loans tenant

Tenant loans are loans offered to people who are unable to offer a house as collateral for a loan, quite simply because they have no house to put up. It is fast cash without risk. As the name suggests they are for ‘tenants,’ i.e. people staying in rented places because they do not have their own place and hence are not obliged to offer immovable property as collateral. For that matter, applicants for tenant loans are not required to offer any collateral- immovable property or otherwise- making the loan “unsecured.” This attracts high interest rates, higher than that for secured...

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