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Deposit Power Guarantee
Easy to arrange and low-cost
- Usually approved and issued within 24 hours
- Can be used at auctions
- Low cost - generally less than the cost of a short-term loan or breaking a fixed term deposit
Finding the cash for your deposit can be difficult if it is invested or tied up in your current property being sold. By purchasing a Deposit Power Guarantee you pay the deposit using the Guarantee and leave your money invested until settlement. At settlement you pay the amount outstanding on the Guarantee.
Before one can be issued you must have exchanged contracts on your current property being sold if the proceeds of the sale are to finance the new home purchase.
It's easy to apply
Complete either the short term or long term guarantee application and return it to us with supporting documents.
Need to save some more?
Open a high interest online savings account and watch your deposit grow quicker.
