How it worksQuick and easy
What is BondSure?
BondSure takes away the financial obstacle of an upfront bond payment, by allowing allows tenants to pay their rental bond over fortnightly or monthly instalments*. BondSure also helps protect the bond against property damage or extra cleaning costs with bond insurance.
It enables renters to better manage other upfront costs associated with renting, whilst maximising the potential of recovering the full bond back at the end of the tenancy.
BondSure’s rental bond loan caters for a four-week bond amount up to the value of $5,000, and tenancies of 6 or 12 months.
* with initial fees payable on day 1.
How does it work?
When a tenant takes out the BondSure loan, the full bond is paid by BondSure to the agent, for forwarding to the relevant tenancy authority, which holds the bond until the end of the tenancy. Even if there are claims on the insurance for property damage and extra cleaning costs, subject to a small excess, tenants receive the full bond back from the tenancy authority (if there have been no breaches of the lease, and having paid off the loan.)
Be Approved without Being Committed
Getting pre-approved typically takes about 5 minutes and is valid for 60 days thereafter. If you don’t know your exact four-week bond amount yet, that’s ok! That’s what our pre-approval process is for. Just estimate what your four-week bond amount will be when you apply online with BondSure, and you can change it to the exact bond amount later in your application once you’ve decided on your rental property. It’s as simple as that!