123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

What Is A Tenant Loan?

Profile Picture
By Author: Groshan Fabiola
Total Articles: 2678
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Homeowners have many advantages compared to non-homeowners. One of the main advantages is that because they own a home of their own, they have an asset that they can use as collateral should they wish to apply for a loan. They can also receive home rebates, such as gas and other utility rebates when they are issued. A tenant, or someone living in a home that they do not own, do not have these advantages. Because they may still be paying utilities but not seeing any of the rebates handed down from their landlord, they may be in even more financial trouble. And because they don't have something such as a house to put up as collateral, they may often think that getting a loan is impossible. This is simply not true! There are loans available to individuals with just these needs and they are called tenant loans.

Tenant loans are personal loans that are available to anybody who doesn't live in a home of their own, whether they are paying rent or not. This means that even if you are still living with your parents and not making monthly contributions, you could still be eligible for a tenant loan. There is no collateral needed ...
... in exchange for the agreement of borrowing money. Instead, the loan is treated as an unsecured loan and is an agreement that is drafted in writing and signed by both parties. Tenant loans can provide as much as $50,000 dollars and can have repayment plans with ranges of one to ten years.

A tenant loan can also be used for any purpose that the individual using the loan chooses whether it is because of medical bills, a vacation, or debt consolidation. A tenant loan may be an especially attractive offer for the latter. This is because many tenant loans have interest rates that are much lower than what credit card companies charge. Because of this, obtaining a tenant loan that will help you pay off your credit card loans may be a very wise decision. Not only will you lower your interest rate but you will also turn several bills a month into one easy payment!

Tenant loans are also available to just about anybody, as long as they don't own a home in their name. People with bad credit or no credit may not be eligible for other types of unsecured loans but tenant loans are available to people with all kinds of credit, whether it is good, bad, or hasn't been built yet. However, loans that are approved to individuals with very bad credit may have very high interest rates. For this reason, it's best to take a critical look at your financial situation and determine if you can really afford a tenant loan when you have bad credit.

Applying for a tenant loan over the Internet is much faster and easier than applying for one at a physical institution. Online you can apply for a tenant loan and be approved and receive your limit all within a matter of minutes and sipping your morning coffee!


If you are looking for more information on Unsecured Loans or Tenant Loans please visit this linsk and you will find one of the best Personal Loans site on the net.

Total Views: 129Word Count: 543See All articles From Author

Add Comment

Investing / Finance Articles

1. 3 Reasons To Allow Your Customers To Change Payment Methods After Purchase
Author: Sahil Verma

2. 4 Types Of Payment Methods Your Business Should Offer Now
Author: Sahil Verma

3. Strategies To Reduce Risk In Investment Portfolios
Author: Rashmi Dey

4. Data Security And Protection Of A Payment Gateway
Author: Sahil Verma

5. Valuation Mistakes That Business Owners Need To Avoid
Author: Mary Rose Somera

6. Myths About Home Loans In India
Author: Property Thane

7. 8 Reasons To Add Online Invoicing To Your Business Now
Author: Sahil Verma

8. Effects Of The Ukraine-russia War On Fair Value Measurements
Author: Mary Rose Somera

9. Difference Between Asset And Wealth Management
Author: Avendus Group

10. 3 Things You Must Know About Digital Gold Before Investing!
Author: Spare8

11. Online Merchant Services: The Best And How They Work
Author: Sahil Verma

12. Is Paypal A Payment Gateway Or A Payment Processor?
Author: Subho Chowdhry

13. Payment Gateway Vs. Payment Processor: What's The Difference?
Author: Subho Chowdhry

14. 7 Tax Myths: Heres The Real Score
Author: Tax Return

15. How To Accept Global Payments?
Author: Sahil Verma

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: