MyBond Loans offers financial assistance specifically for covering rent related expenses.
Our Rental Expense Loan is designed to help renters manage upfront costs such as deposits and first month's rent without the burden of high upfront fees.
MyBond Loans stands out by providing a quick and easy application process and competitive interest rates.
Total Loan Amount: $2,500
This amount is designed to cover typical rental expenses, helping renters to alleviate immediate financial pressures during moving or leasing periods.
Establishment Fee: $300
This fee is deducted from the loan amount, ensuring transparency in the total funds disbursed.
Interest Rate on Rental Loan: 36% Annual Percentage Rate, XX% Comparison rate*
The interest is calculated on the outstanding balance, making it crucial for borrowers to consider their repayment timeline and amount.
Net Disbursement Amount Received $2,200
After deducting the establishment fee, renters receive this net amount, which they can use towards their rental needs.
Repayment Options
We offer structured payments which are designed to offer flexibility, allowing borrowers to align their loan repayments with their income schedule.
Application Process
Applying for a Rental Expense Loan from MyBond Loanss is designed to be straightforward and efficient, allowing you to quickly secure funds for rent expenses.
Begin the process by filling out the online application form on the MyBond Loans website.This form will collect basic personal and financial information needed to assess your loan request.
These documents are crucial for the approval your Rental Expense Loan and should be kept ready and accessible when you start your application process.
Once your application and all required documents are submitted, the review process begins. MyBond Loans aims to complete the review and approval process within hours. This timeframe ensures that you will not have to wait long to find out the status of your loan application.
If your application is approved, the loan amount (minus the establishment fee) will be disbursed directly into your bank account.
This allows you to access the funds promptly and use them for your rental needs.
To ensure a smooth application process, you will need to provide the following documents:
A valid driver licence, passport, or national ID card to establish your identity and legal age.
Recent pay slips or bank statements (typically covering the last three months) to verify your financial stability and income source.
A current rental agreement or documentation that details your rental expenses, verifying the purpose of the loan.
Please refer to our Privacy Policy linked below on how we collect, use, store and disclose your personal information.
