What our customers are saying
Tom
Melbourne, VIC
Elly Tam
Melbourne, VIC
Michelle
Melbourne, VIC
Frees Up Cash
In today's rental market, bonds can easily add up to over $5K! Hold on to your hard-earned cash, invest it, or buy something you really want.
Convenient
No more fighting to get your bond back. We pay any claims on your behalf, then facilitate the mediation and settlement process with you and your landlord or their representative.
Tenant's Resource
Access to our customer success team and online platform provides a handy helpdesk, backed by a preventative approach that makes for smoother tenancies.
Traditionally, you have to front up one month's bond before you move in. Often, you'll also be awaiting the bond refund from your old place, meaning you can have up to 10 weeks' worth of your cash tied up in red tape! Let's say your rent is $500 per week - that's $5,000 in dead money. This is a huge factor in Australia's rental affordability crisis. Bondable helps fix things with a simple and sustainable subscription model.
Bondable costs $19.99 a month, saving you from coming up with thousands of dollars. We won't charge your debit or credit card until you are approved. We then charge your first month in advance and continue to keep you ahead by a month for the duration of your subscription. $0 annual membership fee and $0 termination fee.
No. Even if no bond is held at the RTBA, landlords or their representatives & tenants can have their residential lease dispute heard at tribunal. But in the instance of a claim or dispute, Bondable offers a digital mediation service for you and your landlord or their representative as part of your subscription, to help you come to an agreement earlier without needing to go to tribunal. In Victoria, Bondable complies with legislation, operating as per the statutory requirements outlined in Section 37-38 of the Residential Tenancies Act 1997.
All you need to do is successfully sign-up to Bondable and we’ll take care of the rest. In fact, they’ll probably be pleased you’re with Bondable because it makes their job a whole lot easier.
Bondable is a solution that helps mediate a quick outcome for all parties. As the tenant you remain legally responsible for damages, non-payment of rent and any other breaches of the tenancy agreement. In the event of a claim, we have a digital mediation process in place to help both parties come to a quick resolution.
For example, the landlord or their representative lodges a claim for $500 during the exit process on your property. We immediately pay that $500 to the landlord or their representative so they can repair the damage. Our digital mediation process then works with all parties who agree that the cost of damages should be $300, not $500. In this event, the rental provider would pay Bondable $200 and you, the tenant, would pay Bondable $300. If you don't have $300 we have several ways to help you make these payments which will be made available at the time.
Absolutely. All Bondable bond guarantees are financially backed by an independent insurer.
We agree with you! But until Bondable, the only other way has been through expensive, personal loans. Bondable is the first bond subscription in the Australian market.
There isn’t one! We’ve been working closely with our industry partners, our tenants, property managers and landlords or their representatives to understand their needs and what works well, and then built our product to suit. Bondable is a product that we’re incredibly proud of, it’s a game-changer for the industry.
We hope you love it as much as we do!
Contact our team at the Bondable helpdesk support@bondable.me and they’ll help you out.
Yes, Bondable is fully compliant with Victorian legislation. It provides a dispute mediation service with a complimentary bond guarantee, not a bond replacement product, making it a legal option for tenants.
Bondable is designed for good renters with a solid track record. You will need to provide identification, proof of income, and meet basic eligibility criteria during the application process.
Bondable provides a bond guarantee that covers up to one month's rent, allowing tenants to move into their rental without paying a traditional bond upfront. Instead, tenants pay a low monthly subscription fee, which includes mediation support if any disputes arise.
Can’t find the answer you’re looking for in our FAQs? Please chat to our friendly team.
