Essentially this is a loan without requiring down payment or credit score, and you can quit the loan anytime in the middle. There is no commitment therefore no

Essentially this is a loan without requiring down payment or credit score, and you can quit the loan anytime in the middle. There is no commitment therefore no need of qualification. The trick is this must be in an amount much higher than rental. While you may choose to leave the lease with some "equity", the truth is landlord borrowed money from the renter in the meantime and earn interest. The only question is, what's the law and regulation around this model?