Loan for People on benefits- No Unwanted formalities and swift funds into Your Bank Account

Written by admin on April 19th, 2011

Loan for People on benefits- No Unwanted formalities and swift funds into Your Bank Account

Are loan for the Non Homeowner Beneficial To You?

Your landlord will ask you to provide two month home rent in advance? Provide you a notice that if you are not able to supply the money on time you need to left the home. Your monthly income is not sufficient to pay the total rent of home. You should opt a financial scheme through which you can easily get the money on short notice. According to your requirements cheap unsecured loans will be the ideal solution of your urgent requirements.

With unsecured loans for tenant, you are not required to pledge any collateral against the loan amount as it is unsecured in nature. With the removal of this formality, you will get the freedom from prolonged paper work procedure and collateral assessment processing.

Loans for people on benefit are offered only to those people who are getting financial assistance from DSS. If you are disabled and getting financial assistance from DSS then only you can apply for these loans. Lender will ask about some proof which shows that you are under DSS benefit. Once you proved that you can easily avail the cash as per your requirements. Any one can apply for these loans without taking care about their credit scores. The reason could be its no credit check procedure.

All kind of tenants who hold a poor credit record are eligible for these loans. You can be a tenant, council tenant or a person living in your parents’ home with bad credit score. If it is so, then getting these loans will become very easy for you. The credit records that are allowed in the loans include:


Ø Arrears

Ø Late payment

Ø Defaults

Ø Skipping of installments

Ø Bankruptcy or


Unsecured Tenant Loans people can borrowed the amount in the range of £1000-£25000 as per their instant needs and repayment capability. The obtained amount has to be repaid within the time duration of 1-10 years. Normally, under these loans the interest rate can be a bit higher but proper analysis of market can provide you better loan deal with affordable price.

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