Non Homeowner Loans: Collateral-Free Loan Service Without Any Hassle

by: Korbin Hunter


Non homeowner loans are completely collateral free services and hence it is perfect for non-homeowners like students, council tenants, tenants, people living with friends and parents.

First, to get the best and most lucrative deal for this loan, you need to conduct a proper online research. Therefore, it will help you to select the best deal that would suit your needs. Complete an application form with few of the details regarding your age, income, employment and checking account. Once you get approved for this loan, you can find the loan amount in your checking account to use.

It is possible to get about 1000 to 25000 pounds through this loan. Within tenure of 1 to 10 years you will have to make the repayments. You can make use of this loan for miscellaneous needs without any interference by the lender. Your needs might be buying a new car, Consolidation of debts, Wedding purposes, Business purposes, Clearing payments of various bills and so on.

If you are having bad credit problems like CCJ, IVA, arrears, defaults, bankruptcy, insolvency and so on; loans for non homeowners are still for you. Therefore, people with any type of credit history whether good credit history or poor credit history can get help through this loan.

To get swift approval of loan money, you need to be eligible for certain criteria. These are that you should have permanent citizenship in UK and are regularly employed with at least monthly income of 1000 pounds.

Now, non homeowner loan can be the best loan approach for people who can't afford to pledge any collateral against the loan amount.