Compare the cost of a home loan top up vs. Futurerent
See how much you can save by avoiding the banks
Based on the details above, Futurerent can save you .
How did we work this out?
Your estimated savings are the difference between the interest cost of your top-up amount over your specified term and the cost of using Futurerent's service (based on a 1.5-year repayment term). Assumes monthly principal & interest repayments on the same interest rate throughout the term. Refinancing fees & charges not included. Default refinancing rate set at 3.42% p.a., as per the RBA average for outstanding investor home loans (as of July 2021).
Unlike the banks, we’re built for property investors
Lowest cost available
0.5% per month on your upfront amount, paid from your tenant's rent. No interest or hidden fees.
Earn while you repay
Receive up to 60% of your rental income throughout the repayment term.
Slash your tax bill
Repayments are deducted before your rent is considered income, reducing your annual tax bill.
We don't lock you in for 30 years. Our repayment terms are short and sweet, just the way we like it.
See how we compare
Futurerent is best understood using real numbers, so let's run them. If you want to access $28,000, for example, your costs will be:
Rates as of August 24, 2021. Futurerent cost based on a 1.5 year repayment term. Bank costs based on standard variable rates for investor home loans with principal & interest repayments. Bank costs exclude non-interest charges, ie. upfront costs and other fees.
0.5% monthly admin fee
Our repayment terms are just 1.5-3 years, while banks keep you locked in with 30 years of interest payments. Here’s a full comparison of everything you need to make your decision.
|Overall cost |
(to access $28k, for example)
|Repayment term||1.5 years||30 years|
|Money transferred in||2 business days||3-4 months|
|New loan||Not a loan||Yes|
|Fixed loan break costs||None||Yes|
Renovate Your Home
There’s no place quite like home. If you’re looking to revamp your home, give your family more space or simply do a few repairs, Futurerent can help you access your rental income upfront to fund your home’s makeover.
Renovate Your Investment Property
Improve your rental return or, if you’re about to sell, increase the value of your property with a clever renovation. Avoid hefty out-of-pocket costs by using Futurerent to pay for your renovation plans.
Buy Another Property
If you’re on the search for your dream home or looking to buy another investment property, accessing your rental income upfront is a great way to make the leap without refinancing
Invest In Shares
One of the best ways to build wealth and secure your long-term future is investing in shares. Invest in the latest tech companies or bluechip stock by using Futurerent to access the funds you need to grow your share portfolio.
Investing in property is expensive and you never know when your next major expense bill will hit you by surprise. With Futurerent, you can gain complete control over your cashflow, for that extra wiggle room.
Invest In Small Business
Pay for a new fit-out or grow your business with a cash injection. By accessing your upfront rental income with Futurerent, you’ll be able to make your dream business plans a reality.
Prefer to talk?
Feel free to call us during business hours (we’re based in Sydney) and we’ll talk you through it.
Frequently asked questions
- is only a ruling on the application of taxation law
- is only binding on the ATO if the Scheme is implemented in the specific manner outlined in the product ruling.
- The Commissioner of Taxation (Commissioner) does not sanction, endorse or guarantee this product. Further, the Commissioner gives no assurance that the product is commercially viable, that charges are reasonable, appropriate or represent industry norms, or that projected returns will be achieved or are reasonably based.
- Potential participants must form their own view about the commercial and financial viability of the product. The Commissioner recommends you consult an independent financial (or other) adviser for such information.