Loan Features
Pre-approval or eligibility check
Your financial position is assessed to ensure you qualify for a deposit bond.
Bond issued instead of cash deposit
The bond guarantees your deposit to the seller, usually for up to 10% of the purchase price.
Accepted by vendor or developer
Most vendors and developers accept deposit bonds as a valid deposit.
Bond validity period
Bonds are issued for a set period, usually until settlement or contract completion.
Settlement or cash deposit payment
At settlement, the bond is discharged, and the price of the property is paid for in full.
No interest charged on the bond itself
Unlike a loan, the bond is a guarantee, not a cash advance.
GKM Mortgage Brokers know which providers offer the most competitive terms and accepted bond formats.
How we can help
Access multiple deposit bond providers
Brokers know which providers offer the most competitive terms and accepted bond formats.
Quick application and approval
Brokers can fast-track the process, ensuring your bond is ready before signing contracts.
Explain eligibility requirements
Guidance on who qualifies, and what documentation is required for approval.
Reduce risk of rejected bonds
Brokers ensure the bond meets vendor or developer requirements.
Coordinate with property contracts
Assistance in aligning bond issuance with settlement timelines and contract terms.
Provide peace of mind
Support and advice throughout the process to avoid delays or complications.