Rello enables a bond payment facility for tenants and property managers that helps simplify the payment of rental bonds. This may ease any cash flow burden when moving between homes and waiting an old bond to clear or to help with other moving expenses such as cleaning and removalists.
We’ll pay your rental bond now, you pay us later.
If you are a property manager or real estate agent, and would like to offer rental bond financing to tenants, click below to help your tenants.
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Rello charges a flat Service Fee of 5% of the amount advanced.
There are no interest charges.
You can access between $1,000 and $2,500 for a Rental Bond payment plan.
There are 5 equal repayments every 14 days with the first payment taken on activation of your payment plan.
We pay either your property manager or the relevant Bond Authority in NSW, Victoria or Queensland.
No. When you apply for Rello Rental Bond Payment Plan, we assess your application on a range of criteria. This does not include a credit check. Your property manager generally checks your ability to pay the rent as part of your application. We only engage with tenants that have been verified.
In order to comply with Australian laws and regulations, we must identify our customers and verify that their details are current and correct. These regulations include the Australian Anti-Money Laundering and Counter-Terrorism Financing Act. Our identification process is referred to as Know Your Customer or ‘KYC’ for short.
If you are renting a property in an Australian city, we need a valid Australian-issued debit/credit card. We will direct debit from this payment method and helps you and us protect against fraud.
Still have questions?
Chat with one of our members from Team Rello to see how our rental bond financing solution can work for you.
* Terms and conditions apply. Funding provided by Rello Finance Pty Ltd, ACN 633 994 859.