Rent.com.au has updated RentBond, its bond finance solution for renters, with changes designed to make securing your next rental property easier.
This article on RentBond will discuss:
- The story behind RentBond;
- What the RentBond product is;
- How RentBond works;
- Why bond payments are easy with RentBond; and
- Tenant RentBond FAQs
Behind the scenes
Ongoing feedback from our key audiences (Renters, Agents and Landlords) reveals a key insight: One of the biggest struggles Renters face in the moving process is coming up with the security (rental) bond.
Combined with hefty moving costs, paying rent in advance and a new rental bond can stretch most budgets, especially when a tenant’s bond return is still outstanding from their previous rental.
Key issues such as expanding the family, setting up new school enrolments or moving to a new suburb can all induce a level of stress when shared with the financial burden of paying the rental bond. Some Renters simply prefer to save their money for other priorities during the moving process.
What is RentBond?
RentBond is a revolutionary bond payment plan offered through Rent.com.au. Tenants can use the service to pay their bond in full at the beginning of a tenancy and repay it over 6 or 12 month instalments.
Applying is easy, and no credit rating is required. Paying your rental bond in smaller, monthly instalments lets you save money for more important things, like enjoying your new home.
How does it work?
We’ve made it easy to apply. Once you’ve been approved for your new rental property, simply complete your application at rent.com.au. Once approved and your contract has been accepted, your bond will be paid to your property manager within 24 hours. That’s it!
You (as the new tenant) will then pay the monthly instalments until the bond has been paid in full.
Why bond payments are EASY
- Instant approval
- 6 or 12-month easy payment option
- No minimum or maximum bond value
- No supporting documents required
- Same day, full bond payment