Access your deposit early

Before you apply, here’s some key points around how Rello can help you access your deposit:

• View the latest terms & conditions for the service here
• Rello advances funds to you based on the deposit you have received from the sale of your property (held in your agency’s trust account) – you can access up to 80% of the deposit received, to a maximum of $250,000
• Your sale must be unconditional with a settlement date occurring within 60 days of the date of our funding approval
• You must show that the contracted sale amount is sufficient to clear all debts on the property and your selling costs
• The standard fee for this service is the greater of 5.5% of the requested amount or $1,200 (with additional fees for extended settlement periods) – we will confirm our fees with you before approving your request
• We require a caveat to be registered on the property; typically (unless otherwise advised) there is no additional charge for the caveat processing unless your funding request is for amounts less than $35,000, in which case a fee ranging from $570 – $900 (depending on the state your property is located in) will apply – we’ll confirm this with you at the time of application
• Any advance from Rello is subject to standard credit assessment, but we will typically approve your funding on the same day of you are able to confirm the necessary information