Renters across Australia now have access to improved features and flexibility when sourcing their next rental bond under updates to RentBond.
RENT’s convenient financial product RentBond allows renters to fund a bond for their new property, for example, while their previous bond is still held in their old property.
What’s new with RentBond?
RentBond customers will now see new and expanded features, including:
- Loan amount: now up to $10,000. Renters can fund both the four-week rental bond, but also the two-week rent in advance.
- Loan purpose: in addition to the bond and rent deposit, a RentBond loan can now also be used to fund the purchase of furniture/whitegoods or pay for moving costs, with payment either to the agent or direct to the renter as required.
- Loan duration: between 3 and 36 months, which provides more options to match the repayment period to the lease cycle.
Applicants will undergo a credit check as part of the process, and other eligibility criteria apply.
Through its joint venture with Fair Go Finance, rent.com.au aims to empower renters with greater financial flexibility and convenience when funding their next rental bond.
Fair Go is providing financial technology to facilitate the expansion of RentBond’s features, taking the product to the next level in terms of convenience and attractiveness.
Making bond payments easier for agents
RentBond makes bond payments simple, with a quick one-off set up process, once the applicant is approved, same or next day settlement directly to your trust account, or to the tenant’s nominated bank account, so they can pay you themselves. Payments directly to the Bond authority can also be handled where applicable.
Not set up for RentBond? Call our support team on 1300 736 810 or email email@example.com.
Looking for more information on RentBond? Learn more.