It takes minutes, not months, to access funds to repair or improve your investment property.
Simple and fast payment options.
A simple and convenient way for landlords to make property improvements now, and repay direct from rental income over time.
Direct and simple.
No credit checks.
It’s not a loan, but an advance of your rental income. No impact to your credit score.
No hidden fees.
One fixed monthly fee on your advance amount. No establishment fees. Pay over 6 or 12 months.
How it works?
Owning an investment property can be costly. You may have unexpected maintenance, or the home may need an update.
With Rello, you can make those improvements without having to worry about paying for it all up front.
Pay monthly, in 6 or 12 instalments.
Let us know what you need
We can fund up to 75% of your current rental income. Let us know how much you need and what it will be used for, providing the information we need such as your lease, quotes etc.
You will receive an SMS and email to complete your ID verification accepte the terms and tell us how you will be paying us back.
We’ll fund your property manager directly to do the works you need to get done, to keep rental income flowing.
Repay from rent income
We’ll direct debit a share of your rental income every month, so you are never out of pocket. Manage your payments through our owner self-service portal.
Frequently asked questions
EarlyRent is not a loan and does not affect your credit score. With us, you’re not taking out a loan or refinancing your mortgage. Instead, you’re leveraging your future rental income to receive a cash advance, without incurring any additional debt.
You can use EarlyRent to cover a variety of general or minor home improvement items, such as:
- Electrical and plumbing works
- Painting, flooring, and window furnishings
- Gardening and landscaping
- Appliance upgrades
- Works related to regulatory changes
- Insurance, rates, and strata fees
With EarlyRent, you can receive a cash advance based on a percentage of your future rental income, up to a maximum limit of $50,000. This means you can get up to 75% of 2 years’ worth of rental income as funding. Please note that the minimum advance amount is $1,000.
So if you’re a landlord with a steady rental income, EarlyRent can provide you with a flexible, low-risk financing option to help you fund your property upgrades and maintenance.
We charge a fixed monthly service fee based on the time you need to pay us back from the rent and the amount you need. We don’t charge any upfront fees.
You can select either 3, 6, 12 or 24 months to pay back.
We make a payment for the full amount required to your real estate agent to pay the relevant invoices for the services you need.
To apply, you’ll need to provide us with the following details:
- Your contact information, including your email and phone number
- Details of your rental property, such as the address and the type of property
- Your Property Manager’s contact information
- A copy of your agency agreement
- Invoices and quotes for the works to be completed
Once we’ve received your application with all the required information, we’ll assess your eligibility and let you know as soon as possible whether your application has been approved.
If your property is vacant between tenants, we can pause repayments for up to two months while you search for new tenants.
However, if you decide to withdraw your property from the rental market for any reason, you will need to pay the outstanding balance within 14 days of the withdrawal date.
Yes, you can use it across any of your investment properties.