Obtaining a loan in present scenario is a cakewalk to homeowners but things get a bit murkier for tenants to attain usual loans. To ease them and extract the customer base inclusive of tenants, unsecured loans for tenant have been designed. These loans serve one with cash when he is stung by the deficiency of the same.
Features and uses of loan
Tenant can use this loan for various purposes like purchasing a brand new car or bike, going for an exotic holiday, consolidating debt, buying a new flat or apartment, expenses in your dear ones wedding, etc. As stated earlier unsecured loans for tenants fall under category of unsecured loan, so you need not have to put anything as collateral here. But as lender is at higher risk, the rate of interest is slightly high also the repayment period is shorter. You can procure an amount varying from500 to 2500.Having a good credit history will help you obtain higher amount. The interest rate lies somewhere between 7.7% APR to 18.3%.Being informed and good groundwork like visiting various lenders will definitely help you in negotiations.
Eligibility and availability
Any type of tenant can apply for this kind of...
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