Financial Help at Hand

Personal loans for tenants in the UK

Personal loans if you are renting your home

Apply Now

Loans for Tenants

  • Borrow from £1,000
  • Private Renting, Social Housing or Living with Others
  • Use for any purpose
  • Bad credit is OK
  • No fees

Tenant Loans

Discover Your Loan Options:

All loans subject to affordability

Renting: the new norm

Over the past couple of decades the UK housing market has been changing shape, with a rapid increase in the numbers of people renting their homes, rather than owning them.

Large rises in house prices driven by a rising population and a slowing of new house builds means people are delaying jumping onto the housing ladder or not jumping on at all.

For the first time since the 1960s more people are renting privately than from social landlords or housing associations and the average age of a first time buyer has risen to 35.

More of us are waiting to buy and, for some of us, lifetime renting, similar to the markets in Switzerland and Germany, is probable. As a result, tenants are no longer young, single professionals – more than a quarter of tenants are married and, age-wise, there’s a similar number of 35-54 and 25-34 year olds renting in the UK.

What does it mean for personal loans?

In many ways the personal finance market in the UK was set up around the model of young first time buyers and mass home ownership. Those looking for finance often find themselves asked to secure the loan with a charge over a property. However, the way that the housing market in the UK has changed means that this simply isn’t an option for many people and the consequence can often be that there is simply no access to credit as a result.

Find out about Personal Loans

Tenant loans - a summary

For the UK's growing tenant population tenant loans provide a simple solution to ineligibility for secured credit. Personal loans for tenants are essentially an unsecured loan i.e. you don’t need an asset, such as a property, in order to apply for one. Instead, the decision about whether or not to lend is made on the basis of factors like:

  • Your credit history
  • A judgement by the lender about the risk of lending (often derived from a credit score)
  • A steady income and an assessment of affordability

As long as you can demonstrate your ability to repay the loan then there’s not necessarily any need for any security.

The advantages of unsecured loans for tenants are numerous, including:

  • You can use the loan for anything
  • You can choose the repayment term that suits you (between 1 and 10 years)
  • You can borrow the amount you need from £1,000 up to £25,000

With no asset required as security, unsecured loans are a great, flexible form of finance for tenants.

Of course there are also some things to bear in mind with personal loans, such as ensuring that you can afford the repayments. It’s important to choose a loan amount, and a repayment term, that work with your other monthly financial commitments or you could find yourself in trouble with your finances if you can’t make the payments. Always make sure that you only borrow the money that you need and remember that repaying quickly – or early – is better for you overall. Our repayment calculator may help you.

Apply Now

Who can borrow tenant loans?

A tenant is anyone who is living in rented accommodation, whether that’s

  • Sharing a joint property with friends
  • Sharing with strangers
  • Living with family

The property is now more likely than ever to be privately owned, but councils and housing associations also provide large number of rental properties.

This means that tenant loans are open to anyone who isn’t a home owner who is looking for personal finance up to £25,000.

When your credit isn’t perfect and you need a loan

One of the benefits of unsecured loans is that you don’t necessarily need to have a perfect credit score to be eligible. As long as you have a regular income from employment then there are unsecured lending options available – you can even help to rebuild your credit standing by making regular payments on your unsecured loan.

For those who need a little more assistance, guarantor loans are another accessible type of tenant loan where you won’t be asked for an asset, such as a property. Instead, the guarantor loan works by asking someone close to you to guarantee the repayments that you’re agreeing to make on the loan. So, if you’re unable to make those payments your guarantor will do it for you. For those who don’t have a perfect credit score, it’s an easy way of getting back on the straight and narrow again.

If you’re one of the growing number of UK tenants looking for finance without an asset to secure it on then try tenant loans. They’re an easy way to get the money that you need, whether you’re a lifetime renter or not. 

All About Personal Loans

Representative Example

Loan Amount


Monthly Repayment


Loan Term

48 mnths

Total Repayment


Representative APR


Apply Now!

No Fees Broking Service

Answer 4 quick questions to discover your loan options.

Find Loan Now

Our Promises

  • No Upfront Fees
  • Smart Online Service
  • Stay Safe & Secure
  • Independent & Impartial
  • Trusted Partners


Online Service

When it comes to getting you your personal loan our online service is second to none. In fact has scored 4.7 out of 5 based on 423 ratings & 61 user reviews for its personal loans service.

Used our website? Write your review now.