Tenant Loans

A tenant loan is basically just another kind of unsecured or personal loan which doesn't require that the borrower's home is put up as collateral.

Tenants can find it harder than homeowners to get approved for a loan, and the amount of money you can borrow is usually smaller and needs to be repaid over a shorter timescale than is the case with a homeowner loan.

Although the interest rates offered on many unsecured loans are temptingly low, most lenders will need tenants to have a good to excellent credit rating before approving an application, but tenants with a bad credit rating can also find finance from specialist brokers such as ADM Loans who can arrange credit for tenants of most circumstances.