Tenant loan opens for all kind of tenants. For availing these you can be a council tenant or a person staying with your parents too. There is no objection in that case. But you should not be a homeowner. The homeowners are not allowed in these loans. After being allowed you will be able to borrow an amount ranging from £1,000 to £25,000 for a period of 1 to 10 years. The rate of interest will be a bit high but that is not much. Even you will get the chance of avoiding it too. For that you will have to go for other loans that are suitable and adoptable and are found in the loan market.

The eligibility is same as for every lending institution: above 18 years, an active checking account, and a regular income. You need not go to their office also. You can just log onto their website and fill in the application form. Once you hit the submit button, the verification process begins. As soon as the application details are verified, you receive a call from their representative to discuss the amount you can get under the unsecured tenant loans as well as the repayment process. If both parties: you and your money lender, reach a common point, your loan amount is wired to your checking account in no time.