FinanceTeam

Tenant Loans

If you don't own your home and perhaps are in rented accomodation or still living with your parents, then the types of loan available to you may be slightly restricted. Certainly a secured loan will not be an option open to you because you don't own a property against which a lender can secure a loan. Normally a lender will perform a credit search and then decide whether they can make online loans available to you. The factors involved in this decision are numerous but include things like your employment record, earning potential, other borrowing and any adverse credit history or CCJ's you may have. The rate of interest offered will vary depending on the results of the credit search, and the amount and term of the loan