Futurerent

How does Futurerent work?

1. Receive up to 2 years of rent in advance, to maximise advance amount.
2. Receive up to 1 year of rent in advance, to maximise monthly cash flow.

For both options, the money received can be used for any purpose, such as buying another property, renovating your own home or investment property, investing in a business, debt consolidation, increased cash flow or buying shares.

Your repayments to Futurerent depend on your repayment term and the amount advanced, plus a fixed fee of 9.90% p.a. of the advanced amount. For example, 1 year of rent in advance on a 3 year term would mean 1/3 of your rental income would be paid back to Futurerent each month, plus the 9.90% p.a. fixed cost.

Your property manager will pay your Futurerent payments and cost with the rent they collect each month. Payments can be paused during rental vacancies.

Eligibility criteria

• Be at least 18 years or older
• Own a residential investment property in Australia and be listed as a title owner on the investment property
• Receive a minimum of $250 per week in rent (per investment property)
• Be looking to advance at least $10,000
• Have a property manager
• Not offer short stay leases
• Have good credit history
• Have no caveats or second mortgages on title

How to apply

Apply through Futurerent by clicking 'Go to Site' and filling out the application form. Futurerent will consult with you to ensure the monthly income covers your costs. Once your application is approved, you can expect funding within 2 business days. It's useful to have the following documents on hand:

• Personal identification - such as a drivers license or passport number
• Your contact details

Features of this product

• No impact on credit score. Futurerent does not act like a loan, so there is no impact on your credit score.
• Payment pauses. If your tenant can’t pay or they move out, and you need to pause your Futurerent repayments, they can be paused with no extra costs.
• Multiple properties. You can use Futurerent across more than one of your investment properties to maximise the amount of rental income you can access.
• Fixed costs. Futurerent charges 9.90% per year on the amount of rent advanced, which is added to the monthly repayments. Although the charge doesn’t go down as your advanced rent value goes down, you won’t be charged extra if you pause your repayments and they take longer.
• Quick online application. You can apply online and be approved within minutes.
• Early repayments. You can pay off the rent you’ve advanced earlier than the agreed-upon payment period, but you will still need to pay the total of the 9.90% fixed cost.

How much does Futurerent cost?

You will pay these fees

Compare other personal loans

1 - 6 of 6

Updated regularly

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.75% to 26.95%	Comp. Rate (p.a.) 6.75% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment $922.89	Go to siteMore Info Compare
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Finder award winnerFixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
Harmoney Unsecured Personal Loan Finder award winnerFixed3 - 7 Years $2,000 - $70,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment $926.83	Go to siteMore Info Compare
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $973.85	Go to siteMore Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to siteMore Info Compare
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to siteMore Info Compare

loading

Load More

Showing 6 of 6 results