Tenant Loans

Compare tenant loans with real interest rates.

You can borrow a tenant loan even if you do not own a property. Tenant loans are unsecured personal loans that you can borrow without any collateral and spread the cost of repayment over several months.

Circle Inner
Piggy Bank
Circle Base
  • Loan

    Loans from £1,000 – £35,000

  • Loan

    Borrow for 12 to 84 Months

  • Minimum Documentation

  • No Collateral or Mortgage Required

  • Loan

    Real Interest Rate

What is a Tenant Loan?

Tenant loans are unsecured personal loans designed for non-homeowners (someone who doesn’t own a property). As you will not be required to offer any collateral or security against the loan, the rate of interest may be high. Homeowners mostly find it easy to gain access to funds as they use their home as security. But tenants, who do not own property find it challenging to get a loan. However, now you can easily apply for an unsecured tenant loan in the UK with us.

The rate of interest that you will be offered depend on a variety of factors such as your credit score, income, expenses, debt utilisation ratio, creditworthiness, and affordability. Your profile will also be subjected to a credit check. However, the lenders we are associated with use a soft credit check to give you an in-principle decision. A soft credit check doesn’t leave any footprint on your report and hence, it doesn’t impact your credit score at all.

Reasons to Borrow a Tenant Loan

Your property will not be at stake if you fail to repay the loan on time to the lender.

Use the funds to tie the knot. Cover the shortfall in your wedding expenses.

If you have multiple debts, you can use the funds to consolidate them into one for easy repayment.


As the entire process is carried out online, you do not have to wait for days to get the funds.

Things to Consider Before Borrowing a Tenant Loan

  • With LoanTube, you can access the widest range of loans for tenants. Better still, you don’t have to find a guarantor or offer your car as security for online tenant loans.
  • Whether you have a good credit rating or a bad credit rating, there’s a real chance we could help you find the best tenant loans available on our panel for your personal and financial circumstances.
  • You can borrow between £1000 and £35000 with personal loans for tenants and you have up to 84 months to pay it back. Make sure that you borrow an amount that you can easily repay.
  • Many tenant loan providers offer early repayment without any penalty meaning you can save money on interest if you repay the loan in full before the agreed end date.

Alternatives to Tenant Loans

Tenant loans are unsecured and hence you do not have to offer any collateral. For this reason, most of the tenants in the UK choose this to bridge the gap between their expenses. However, if your loan application is denied or you do not get access to funds that you need, you may consider some alternatives.
  • Credit cards are a popular financial product that most of us use in our daily lives. If you haven’t maxed out your credit limit, you can use it. However, ensure that you repay the debt on time to the credit card company to avoid high-interest rates. Generally, you are required to repay the debt at one go when you use a credit card if you do not wish to pay any interest.

  • You can use your savings to manage your expenses. Also, you can use your emergency fund (if you have one) for your needs. We create an emergency fund so that we can use it in times of need. However, we don’t feel like taking out the money when the time comes. Use funds from the safety net and ensure to fill it back whenever possible.

  • Loan

    Ask your friends and family to help you out. Discuss your concerns with them and try to find out a solution. If someone agrees to lend you a helping hand, then sit down and plan your repayment structure with them. This way they will know that you will return their money and by when you will do so.

Why Should You Apply With Us?

Real Interest Rates

Unlike other loan comparison websites, we offer you a platform to compare the rates of personal loans on real time. That means you can now compare the loans on real interest rates rather than on proposed rates

Instant Decision

You do not have to wait for hours or days at end to know the decision of our lenders. It will hardly take a minute or two and you will receive detailed information like the lenders who have accepted your application and who have declined it.

Customer Ratings

We love our customers and so do they. A lot of our customers have appreciated our service that is simple, fast, and transparent. We believe in making the entire process less time consuming, straightforward and easy for a seamless borrowing experience.

FAQs on Tenant Loans

We have answered almost every question related to tenant loan that are frequently asked. If you do not find something, please contact us.

The answer is no. We are only able to help borrowers find loans if they are at least 18 years of age.

You should not apply for a tenant loan if you’re currently not employed as the lenders on our panel would not feel comfortable giving credit to someone in that situation. For the best chance of getting a tenant loan, you should be employed full-time and on a permanent basis. Or if you work part-time, a regular and predictable income is necessary to apply for the loan.

We’re sorry but, at the moment, we’re not working with any lenders who are willing to lend to any applicant with a bankruptcy, IVA, or debt management arrangement order against them.

Not much. We want to make the application process as quick and as simple as possible. We will need you to tell us about how much you earn, how long you’ve worked for your employer and what it is that you do for them, your monthly outgoings, and a few more questions.

No, absolutely not.

We normally get back to you within just a few seconds. Every now and again, a lender who is interested in working with you might need to ask you some additional questions after receiving a provisional offer to confirm it. Please be aware that the lender may alter or withdraw the offer of a tenant loan depending on the answers you share with them.

LoanTube doesn’t actually lend you money – what we do is -take the details you give us and then match them up to the lenders we think would be happiest to work with you.

Whenever we start working with a new lender, they send us a list containing all the information we need to know to determine what type of borrower they lend money to. Our clever computer system takes the details you give us when making an application and then it matches you up to the lenders whose preferred borrower profile either matches or is very close to your personal and financial circumstances. You save a lot of time working with LoanTube.

Definitely not and we’d like to reassure you about that. You’ll be offered exactly the same rate if you apply through LoanTube than you would if you applied directly to the lender. We’re on the side of the borrower and we’d never enter an arrangement with a lender where it would cost you more money applying through us. It’s not fair and it would not make LoanTube competitive if we did.

When we’re searching around for the best deal for you, we only carry out a soft credit check. Soft credit checks have no effect at all on your credit score. By carrying out the soft check, it gives us a better idea of which lender to propose your tenant loan to because, when they make a decision, they consider both what’s on your application and what’s in your credit report.

You are under no obligation to accept any of the deals we find you. If you’re not happy with the offer or with the terms and conditions of a loan, you can walk away. We’d thank you for trying us and there is no charge at any point for our services.

Representative APR Example

The rate you are offered will depend on your individual circumstances.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54