“If I pay my RentBond out early, do I save on interest?”
The sooner you pay off your RentBond loan, the more money you will save yourself in the long run, as you will decrease the amount of fees you incur.
Your RentBond can be repaid over 3, 6 or 12 months, so you don’t have to worry about large lump-sum payments as you’re settling into your new home. If your lease term is less than 12 months, you will need to repay on the 6-month term.
So I can pay my RentBond out early?
You sure can! You can pay out your outstanding balance inclusive of any fees and charges on any day you wish.
I’m not sure what my current balance is. How do I find out?
Don’t stress, we know it’s hard to keep track of everything. Get in touch with Principal Finance on 1300 636 333 and request a payout statement.