Loans for Rent benefits
According to Property24, more South Africans are opting to rent property. Main reasons for this trend include the difficulty experienced with obtaining a home loan as well as the high debt-to-disposable income levels. While some people are able to save for a security deposit, not all individuals are able to do this.
This is where loans for rent come in.
What is the purpose of a security deposit?
This deposit is required to rectify any damage to the property upon the termination of a tenant’s lease.
This amount is required for securing the property when an individual wants to rent.
Why would you need loans for rent?
- The amount you are approved for could help you secure the property you like, knowing you’ve got the deposit covered.
- The funds are paid into your account within 24 hours.
- It can help to facilitate a quick and efficient lease process.
- You will be able to use your own funds for other household purchases
- You have peace of mind
- Financial institutions that provide access to loans for rent are more knowledgeable and they understand the relationship between tenants and landlords/agents
- You get the benefit of being able to apply for this loan online, so you don’t have to waste time waiting in long queues or having to fill out lots of paperwork
- Interest that is charged is based on your individual credit profile
Rent Ease:
This innovative short term finance product is based on the philosophy of credit with purpose. By applying for loans for rent with this lender you will take the strain off your cash flow significantly.
Rent Ease will loan you the funds so that you can rent the property of your choice. The registered credit provider promises a pay-out within 24 hours and gives borrowers 3, 6 or 12 months to repay.
To contact Rent Ease, call: 011 568 2617
Visit www.rentease.co.za
