When you are authorized for RentBond, we are going to spend your loan either straight to your representative, or even to your nominated banking account (yourself) so you can pay your agent or landlord. After this you spend us straight straight right straight back through to the loan is paid in complete.
Fast approval
Our application that is online process entirely secure and just takes a couple of minutes to perform.
Fast settlement
As soon as authorized, your relationship are compensated in complete for a passing fancy or business that is next (dependent on once you use).
Versatile payment choices
We will align your repayments to match your income period.
RentBond – 21 days interest-free
In the event that you simply desire a short-term loan while you watch for your relationship reimbursement, RentBond is interest free for the first 21 times. Therefore in the event that you get your relationship reimbursement and pay off your RentBond loan in complete inside the first 21 times, you won’t spend any interest. Reduced fees and fees will connect with part-payments.
Example 1
We borrow $3,000 and repay it in strong time 21 – the loan is wholly interest and fee-free.
Example 2
We borrow $3,000 and repay $2,000 within 21 times – costs and costs are paid down proportionally to reflect the balance that is unpaid the residual $1,000 continues on as a typical RentBond loan.
Instance 3
We borrow $3,000 and repay it over a few months – the mortgage is addressed being A rentbond that is standard loan. Interest, fees and fees use.
Whom qualifies for RentBond?
We are going to assess your RentBond application on a selection of facets, as well as your earnings, your capability to settle the mortgage, as well as your previous credit history. As helpful information, they are a number of the fundamental needs you will have to meet:
Be 18 years old or older and residing in Australia
Be used on a laid-back, part-time or full-time foundation
Be earning over $500 each week
(Centrelink earnings can not be your only source which means you’ll should also be working)
Never have declared bankruptcy within the last few year
Calculate your repayments
Maybe perhaps Not certain simply how much to borrow? Make use of our handy RentBond calculator to calculate your regular repayments.
Just exactly exactly just How RentBond works
Begin your RentBond application here
We are going to direct one to Fair Go Finance, who can assess the application
When approved, accept your agreement online
Fair Go Finance will probably pay your loan straight into your nominated banking account so you are able to spend your relationship to your agent.
That is it! Your instalments is likely to be deducted before the loan happens to be paid back in complete
What exactly is a relationship loan?
A leasing relationship loan is that loan which can be used to pay for your leasing relationship to your real estate professional or landlord and allow you to secure a leasing home.
A relationship loan will help with income through your move, allowing you to spend month-to-month instalments in place of one big lump sum payment.
About RentBond
RentBond is a bond loan that is rental. It really is a means for renters to pay for their leasing relationship, two weeks’ lease ahead of time, and just about every other going costs, via an unsecured loan that is paid back in the long run.
RentBond is supplied together with Fair Go Finance. Whenever you submit an application for RentBond, we will be referring one to Fair Go Finance who can bring your application and give you support through the life span associated with loan.
A RentBond loan can start around $500 as much as $10,000.
Step one: begin the application at www. Rent.com.au/rentbond
Step two: you may be expected to accomplish the application online with details including information on your revenue and costs.
Step three: If authorized for RentBond, you will be served with your loan contract on the web. Once you’ve accepted the agreement, your loan profits would be compensated to your representative or even to your nominated bank account. After that you can make use of those funds to cover your relationship, two weeks lease beforehand or other costs that are moving.
Step four: That Is it. We will subtract your instalments before the relationship happens to be paid back.
It is possible to use to get conditionally authorized for RentBond just before’re going. As you prepare to maneuver and require the funds, you will be expected to accomplish your conditionally authorized application.
This will depend on the quantity you borrow. Loans as much as $2,000 are interest-free but include an establishment cost and a month-to-month cost. You should use the payment calculator with this web web web page to determine the total price of the loan over different terms.
In the event that you dishonour your month-to-month payment, you’ll be delivered an SMS and e-mail providing you with use of the client portal that will help you handle your repayments. No fees will be charged if you make up any arrears within 48 hours. A fee of $35 will be charged to your account if you are unable to make a repayment.
When you yourself have compensated your relationship however you need support for the other going costs, then you can certainly surely nevertheless make an application for RentBond.
Yes, it is possible to make an application for RentBond for almost any property that is rental.
Yes, you can easily submit an application for a RentBond loan to pay for any going costs such as for example your relationship, your lease beforehand, or other going costs.
According to your own needs, we could either spend the relationship right to your agent or even the appropriate relationship authority, or we are able to spend it right to your nominated banking account. We will ask you for information on just how to spend your loan profits included in the application procedure.
Your relationship is returnable to you personally through the Property Manager or landlord depending on normal. Your RentBond contract isn’t associated with your rent.
Fair Go Finance is Rent.com.au’s individual finance partner. Learn more about Fair Go Finance.
About interest-free options
RentBond is sold with a 21-day interest-free duration. This means that it will be completely interest and fee-free if you pay the loan back in full in the first 21 days. So if you’re waiting on your own relationship become refunded from your own place that is previous’s a convenient (and inexpensive) method to protect the new relationship.
That’s no problem. Your loan may have an agreed term with at least repayment quantity, such as for instance a regular loan. So in the event that you can’t repay it in 21 times, it is possible to repay throughout the loan term. (Interest, fees and fees use).
You and included in your agreement when you’re approved for RentBond, your loan term and interest rate will be calculated for. You’ll see this information before you continue aided by the loan. This is the price and term that pertains to you, until you spend the mortgage right straight straight straight back sooner.
Yes. RentBond could be used to protect all of your going costs.
Trying to get RentBond
RentBond is a 100% online application process that ought to just just simply simply take five minutes to accomplish. As soon as submitted, you will get an assessment that is initial display display screen straight away. In the event that you get conditional approval, you will be expected to perform some more steps to continue.
If you have supplied every thing we want, your loan funds could possibly be paid to your premises supervisor or even to your money equivalent or next working day.
As soon as your application happens to be finished and also you’ve gotten approval that is https://www.speedyloan.net/reviews/amscot/ conditional we will deliver you a rule to your phone via SMS – you simply have to enter this to the application display screen to just accept and continue. Your loan will then be processed either similar time or perhaps the next working day, and paid right to your home supervisor or nominated bank-account.
As soon as your application happens to be formally authorized your loan will likely then be prepared that day and paid right to your representative or even to your bank that is nominated account.
Whenever we’re having to pay a relationship right to a real estate agent in your stead, we will alert the representative that the funds have now been transported.
When we’re having to pay the relationship straight to the relationship authority, you ought to enable 24 to 48 hours for the relationship authority to acknowledge receipt.
Yes, area of the RentBond evaluation process is just a credit check.
If you are focused on your credit rating or perhaps you understand you’ve got a negative personal credit record, always check away this informative article on which can be done to fix your bad credit. Https: //www. Fairgofinance.com.au/about-us/news-and-blogs/what-can-i-do-to-fix-my-bad-credit/
You’ll contact either Rent.com.au, or Fair Go Finance. Our contact information is below.
Rent.com.au 1300 736 810 rentbond@rent.com.au Monday – Friday, 8:30am – 6:30pm AEST
Fair get Finance 1300 324 746 Monday – Friday, 8:30am – 6:30pm AEST Saturday, 10am – 2pm AEST
Repayments
Loan terms will change with regards to the quantity which you borrow. You’ll make an application for a loan term you like, and then we’ll talk about you once your loan to your options happens to be authorized.
Yes. It is possible to shell out the outstanding stability inclusive of every costs and costs on any time you want.
You are able to be assured there are not any charges or prices for spending your loan early.
You can easily contact our partner Fair Go Finance on 1300 324 746 and ask for a statement that is pay-out.
When you’re having troubles with repayments, or other problems, please phone the group at Fair Go Finance on 1300 324 746. They are here to assist you.
You have insufficient funds, you will be sent an SMS and email providing you access to the customer portal to help you manage your repayments if we try to debit your account for the repayment and. When you can make up any arrears within 48 hours, no charges will likely be charged. A fee of $35 will be charged to your account if you are unable to make a repayment.
