As seen in
A typical BondSure bond loan looks like this:
You’re looking to rent a new property that costs $500 per week. Most rental properties require four weeks rent as a bond which in this case comes to a whopping $2,000! BondSure can cover your bond with a simple loan covered by bond insurance paid back over the lease period.
Here’s how it works
Assumes a $2,000 bond, a 12 months repayment period paid fortnightly with the bond insurance only and the full bond being refunded at the end of the lease with-out an insurance claim. Applicable in this assumption is APR 25.3% (CR 45.92%).
EXAMPLE: BondSure bond loan only (no insurance) of $1,000 repaid monthly over 6 months. Interest rate is APR 31.5% p.a. (Comparison Rate 105.83%). WARNING: This and other comparison rates are true only for the examples given and may not include all fees and charges. Different terms fees or other loan amounts might result in a different comparison rate.