Tenants do have to manage their finance efficiently. Their income not only goes into paying the usual bills and living expenses, they have to put some aside for the rent. But cash shortages can occur despite all the precautions. A small medical fee, a car repair bill, some necessary purchases- such unplanned expenses can arise. Therefore, tenants also need to have financial resource to fall back on. Fast cash tenant loans are what they can rely on during emergencies like these.
Fast cash tenant loans are fast cash advances. To make borrowing very easy and hassle-free for their customers, these loans are unsecured by nature. So, tenants can forget about their status as non-homeowners. All kinds of tenants can avail these loans- whether PG tenants, council tenants or MOD tenants.
Fast cash tenant loans are approved without checking the credit record of the applicant. Hence, tenants need not worry about their credit status as well. The only fixed standards that they have to meet in order to be eligible for one of these loans are:
* Age should be above 18 years
* They should have been employed at their current company/organization for at least 6 months
* Their fixed monthly income should be above £1000
* They should have a valid bank account at least 3 months old.
Fast cash tenant loans are available for a sum between £100- £1500. They are meant to be paid back on a repayment term of 2 weeks only. Extension is possible but should be avoided as far as possible because such a facility cost an extra fee.
Fast cash tenant loans are suitable basically for emergencies involving small cash shortages. A tenant can borrow them from a variety of lenders. As interest rate tends to be high, comparison of loan quotes through the internet should be carried out to select cheaper rates.