It is a stated fact that tenants survive on limited or fixed source of income and often take the assistance of loans to tackle their urgent requirements and demands. However, this statement becomes quite inappropriate when one analyze another fact that most of the loans available in the finance market are reserved for homeowners or those who can present some sort of collateral. In simple words, secured forms of loans are much more easily accessible in comparison to the unsecured loans. Therefore, with an objective of offering a somewhat balanced equation, several money lenders have now introduced the option of instant tenant loans.

Now lets consider the eligibility criteria of this loan. As instant tenant loans is a financial solution for tenants, serious efforts have been made to settle the entire mechanism of the loan in a simple and convenient manner, so that the tenants should face the unnecessary burden of long processing. The applicant is just required to be above eighteen years of age with a fixed monthly income for the repayment assurance to the money lender. Seeking a good loan was never easy for the tenants, but now with instant tenant loans, they have finally found a way to enjoy the convenience of monetary assistance. Instant tenant loans are also free from clause of poor credit history and thus any tenant with low credit score is also eligible for this loan.

The compete procedure of instant tenant loans is crafted in such a way that the borrower can immediately get the cash to serve his or her urgent purpose. The method of approval is simple and instantly executed by the money lenders. Instant tenant loans allow the borrower to raise a financial demand up to 25,000 with the maximum repayment duration of 10 years. However, this duration can also be extended on the ground of valid reasons and it is granted only according to the decision of the lender. The loan amount obtained through this loan can be utilized for any kind of need according to the borrower. In addition to this, those who are suffering from the tagged credit record of CCJ, IVAs and arrears can also apply for this loan. Therefore, instant tenant loans can also be termed as 'suitably flexible'.

The main motive of instant tenant loans is to offer instant financial assistance to the tenants in their hard times. And to support this motive every aspect of this loan from application to approval is settled with restriction free components. This convenience is initiated right from the very first step of placing an application for the loan. Borrowers can simply enjoy the comfort of posting the online application form available on the personal websites of the financial institutions. No efforts are required to be made in order to copy and fax the documents; this in turn, saves a lot on time. Through the medium of Internet, the lenders instantly receive the application form and further perform the needful. As soon as the identification of the borrower is confirmed by the lender, the loan is approved and credited.