Deposit sorted.
We’ve just removed one pretty big hurdle so you can buy that property faster. You’ve got this.
Take the first step to making the property yours!
How it works. It’s pretty simple.
If you can afford the property, we’ll cover the deposit.
Act now, settle later
The competition’s fierce, anxiety’s high, your money’s tied up. Relax, keep your cash where it is, we’ll cover the deposit.
As good as cash
Our deposit bonds are used in place of standard cash deposits. Accepted, secure and so, so simple. It’s as good as cash.
Go for it
We’ve changed the game to put you in the game. You can buy the property now and pay the deposit later at settlement. Go for it!
One-off fee
Average fee $1,000* (based on average bond fees). No ongoing fees or interest charges.
Buying power in your hands
Approval in minutes and we send your digital bond to your phone, depositing the buying power in your hands.
Valid from 6 months to 5.5 years
Tailored to the property you are buying. Suitable for private treaty and off-the-plan purchases.
Deposit Power bonds areA+ rated!
Deposit Power bonds are underwritten by HDI Global Specialty SE (HDI) A+ credit ratings from Standard & Poor’s (S&P) and A.M. Best.
Short or long-term settlements?
We issue bonds for both. Short-term gives you the confidence and convenience for auctions or private treaties and with long-term off-the-plan builds, you can have your money in your bank rather than the developers.
Short-term bonds
Up to 6 months
- No cash down
- Buys you time
- Be ready to act
- Your cash substitute
- Pay when you settle
Long-term bonds
Up to 5.5 years
- Save you thousands
- No cash down
- Keep your $ in the bank
- Enter market now
- No big cash commitment
Trusted by over 1 million Australians
George, Broker
Stephen, Customer
Tony, Broker
Bryan, Customer
Louise, Customer
Kelly, Broker
Dilpin, Customer
Kim, Customer
Dean
What is a deposit bond?
Everything you need to know about deposit bonds.
What is a deposit bond?
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What is a deposit bond?
A deposit bond is a substitute for the cash deposit required when purchasing a property. The deposit bond can be for any amount up to 10% of the purchase price. At settlement, the purchaser simply pays the full purchase price of the property.
Why would I need a deposit bond?
Our deposit bonds are used in place of a standard cash deposit. Accepted, secure and so, so simple….
There are many reasons why you can benefit from using a Deposit Power bond:
- If your cash is tied up in other investments, you can use a deposit bond as a substitute to secure your property.
- When attending auctions, a deposit bond can be used to secure your purchase, you don’t need to have the cash ready at the time.
- A much better option compared to a slow, costly and cash backed bank guarantee.
- Fast – you can get your Deposit Power bond within seconds of the bond being issued.
- Save thousands! Where settlement is more than 6 months away, customers are far better off leaving their cash in either their home loan offset or in a high interest saving account.
- It’s safe! If the development is not completed your cash is not at risk.
- Secure and trusted – Deposit Power bonds are A+ rated, secure, trusted and widely accepted.
How can I apply for a deposit bond?
Applicants can either apply directly on this website or through an accredited Deposit Power mortgage broker, conveyancer, lender or finance specialist.
How quickly can I get a deposit bond?
Simply submit your application online and you will get an immediate response. Our deposit bonds are digital and delivered to you within seconds of being issued.
What is the fee for a deposit bond?
Deposit Power charges a one-off fee to issue the deposit bond. There are no other fees or ongoing charges involved.
The fee for a short-term deposit bond (with a term of up to 6 months), is calculated as a percentage of the deposit bond amount. Fees for long-term deposit bonds are based on the deposit bond amount and term required.
You can get a fee quote by clicking on the “Get a quote” button on this website.
Our Awards
8th Annual FinTECH Awards Best non-bank collaboration
Proptech Association Australia Award Most Innovative Established Supplier – Ownership, Affordability & Finance.