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
- 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
