How to get 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.

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.

Applicants can either apply directly on this website or through an accredited Deposit Power mortgage broker, conveyancer, lender or finance specialist.

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.

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.