Unsecured Tenant Loans, like many other unsecured loans, do not entail placing of collateral. This poses a great deal of risk for lenders with regard to repayment. Hence, Unsecured Tenant Loans have higher interest rates, shorter loan terms and a limited loan amount. On the positive side, they involve less paperwork – which means faster approval, they do not require any collateral. Unsecured Tenant Loans are typically meant for non homeowners. So, those of you who thought you had no options, start searching for your ideal Unsecured Tenant Loan today.