Partner with Deposit Power
The trusted way to boost your business.
How to become a partner?
As long as you are part of an aggregator you can easily get accredited with Deposit Power.
- Send us an email at [email protected] words and other instances
- We will confirm your details with your aggregator.
- You will receive a confirmation with your login details to get your started!
Please include your full name, email, mobile number, business address and your aggregator.
It’s truly that easy.
What is a deposit bond?
A deposit bond provides a guarantee to the seller that the buyer will pay at settlement, so your clients can hold on to their cash longer – and you can secure more deals.
- As good as cash: Issued for up to 10% of the purchase price.
- Flexible: Short-term bonds from 0 to 6 months and long-term bonds from 7 to 66 months (5.5 years).
- Low fees: No upfront fees until the bond is issued. Fees are calculated as a small percentage of the deposit amount.
What it is
- A deposit guarantee
- Secure as cash
- Legal and trusted
- Widely accepted
What it isn’t
- A home loan
- A bank guarantee
- Expensive
- Full of red tape
Why use a Deposit Power bond?
Convert more loans
Grow your business faster.
Instant approvals
Receive instant quotes and approvals online.
Stay updated
Easily track applications and updates.
Increase revenue
Get more deals in less time.
Easy and simple
Apply easily via our online platform.
Secure sales upfront
Innovative product for off-the-plan clients.
How secure are deposit bonds?
Deposit Power bonds are “AA-” (Very Strong) rated from S&P!
We’ve been issuing deposit bonds in Australia for over 35 years. Our deposit bonds are widely accepted by real estate agents, solicitors, conveyancers and vendors – making us trustworthy, reliable and secure.
One of Australia’s highest rated deposit bonds!
Underwritten by HDI Global Specialty SE with an “AA-” (Very Strong) credit rating from Standard & Poor’s, for strength and security you can trust.
When can you use a deposit bond?
Whether your client wants to buy right now or prepare for an auction, our bonds suit any scenario.
We issue bonds for Short-term bonds which gives your clients the confidence and convenience for auctions or private treaties and for Long-term bonds when they are purchasing off-the-plan builds or home and land packages, so they can keep their money in the bank earning interest, rather than in a trust.
Short-term bonds
From 0 to 6 months
- No cash down
- Buys your client time
- Keeps clients ready to act
- Complete cash deposit substitute
- Client pays when they settle
Scenarios:
- Simultaneous settlements: retiring couples downsizing, familes upsizing
- Separation / Divorce
- First-home buyers: guarantor loan
- Investors: residential and commercial.
Also called House Hunting Bond.
Long-term bonds
From 7 to 66 months (5.5 years)
- Save clients thousands
- No cash down
- Keeps clients cash in the bank
- Help clients enter the market
- Developer insolvency protection
Scenarios:
- Buying off-the-plan: residentail or commercial property.
- Buying home and land packages
- Investors: residential and commercial properties with long-term settlements.
How do your clients qualify for a deposit bond?
Short-term bonds
There are 2 ways to qualify for a deposit bond with a term of up to 6 months.
Option 1
The Fast Track
Funds to Complete Assessment Option
All you need to do is show us evidence that you will have the funds to complete the purchase such as:
- loan approval letter
- savings statement
- evidence of a financial gift
Option 2
Home Equity Assessment
Own Property with Equity Option
To qualify under this option, you must:
- own existing property with sufficient equity
- 1 x the deposit amount in equity for bonds of up to $150,000
- 2 x the deposit amount in equity for bonds over $150,000
Long-term bonds
Long-term deposit bonds are ideal for extended settlements and off-the-plan properties with with a term of up to 5.5 years.
Long-term
Long-term bonds
Home Equity Assessment Option
To qualify, for a long-term bond you must have equity of:
- 3 x the 10% deposit amount for bonds from 7 – 24 months
- 4 x the 10% deposit amount for bonds from 25 – 36 months
- 5 x the 10% deposit amount for bonds from 37 – 66 months
How do you apply for a bond?
It’s so simple. Get accredited, then log into your Partner Portal for instant approvals in just three steps. Here’s how it works:
It’s that simple.
2. Get instant approval.
Once your client pays the one-off-fee, you will receive an instant approval. If your approval is conditional, we’ll let you know what other documents we may need.
3. Bond is issued!
Your client will receive their digital bond immediately. They now have the power to buy!
A notification of the same will be sent to all parties involved.
Helpful documents and resources.
Meet Your Deposit Power BDM Team
Nick Rumpff
Head of Sales
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Peter Mikhail
Senior Business Development Manager
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Tash Hibberd
Senior Business Development Manager – VIC & TAS
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Lepa Golic
Business Development Manager
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Snowie Guo
Business Development Manager
LinkedIn
Sharon Ladkin
