Living With Parents Loan – we are pleased to be able to offer personal loans to clients who are living with their parents, grandparents or other relatives.
Need A Living With Parents Loan?
If you live in rented accommodation or with parents and are not a home owner, it can sometimes be difficult to find a competitive loan.
The main loan option open to a tenant is an Unsecured/Personal Loan.
This is a loan which is not secured on property, unlike a Secured or Homeowner loan.
An Unsecured loan allows you to borrow money without offering security in return to the lender, but you are still liable to repay the loan.
Because of the risk to the lender, a Personal or Unsecured loan is generally more expensive than a Secured loan and it can also be more difficult to find if you’ve had problems with your credit record, or if you’ve just started work.
Your loan application will be judged on your ability to repay the loan – your earnings and bank and credit history will be important.
We Use Specialist Lenders
However, there are lenders who specialise in offering competitive rates to tenants and those with a bad credit history.
On the positive side, an Unsecured Loan can be arranged with the minimum of paperwork and can also be paid out much more quickly than a Secured Loan, as there is no need to wait for a survey or valuation of property.
In most cases, it’s possible to get the money paid out within a day or two and some Lenders actually pay out in minutes, once they have all your information and approve the application on line.
You might also be interested in finding out about Adverse Credit Loans, where we advertise Lenders that will accept new applications from people who have bad credit history or low credit scores.
Get your Living With Parents Loan here today by clicking on the links and banners on this page. See also Loans for Tenants with Bad Credit History.