Traditional loans can often seem like the only option when you need to pay a bond in instalments or find a bond payment plan. However, Bondable’s subscription model offers a unique alternative to guaranteed bond loans without the high costs or financial risks associated with traditional loans. By paying a simple monthly fee, you gain access to a bond guarantee, mediation services, and a transparent off-boarding process that ensures both tenants and landlords are protected.

Bondable also addresses concerns about data privacy and the burden many rental technology companies place on tenants. Unlike traditional bond products that may require extensive personal data, Bondable minimises data collection, prioritising your privacy and security. For instance, Bondable uses Frankie1 for identity verification, meaning your personal information isn’t unnecessarily stored or shared.

With Bondable, the effective interest rate for a $5,000 bond guarantee over 16 months at a $20 monthly subscription would be 4.91%, significantly lower than many credit card rates, which often exceed 21%. This makes Bondable not only a more affordable option but also one that’s tailored to protect your financial wellbeing.