Rental Deposit Loan

We pay the rental deposit on your behalf and you pay us back in small affordable monthly instalments. Match the loan with our deposit investment product to get interest on the loan from as low as 14%

Start your Application

Benefits

For Tenants For Landlords For Estate Agents

Benefits for Tenants

Interest on the loan ranges between 14% and 27% depending on the risk profile of the Tenant and whether the rental deposit is invested in an investment account with GraceNineteen.
Ability to pay your rental deposit without stressing your finances.
Rental deposit pre-approval certificate to show landlord/agent that you already covered for deposit.
You don't have to stay far away from your desired home just because you do not have that upfront rental deposit lumpsum.

How it works

1

Complete a loan application
2

Loan application outcome in 24hrs.
3

Maximum loan amount R50,000.00.
4

Loan is repaid monthly over a maximum term of 12 months.
5
We make rental deposit loans disbursement into one of the below options, you just have to tell us which one:
- a
  
  Your own rental deposit investment account that you can open with us, check it out here.
- b
  
  To your real estate agent.
- c
  
  To you and you pay your landlord or real estate agent.

Start your Application

Benefits for Landlords

Get tenants to sign the lease faster, spend less time waiting for tenants still looking for their deposit.
No need to make rental deposit payment arrangements with tenant.
Our rental deposit loan approval process makes sure that your tenant is still able to afford their monthly rental payments.
Interest on the loan ranges between 14% and 27% depending on the risk profile of the Tenant and whether the rental deposit is invested in an investment account with GraceNineteen.
Get peace of mind on the type of a tenant that will be staying in your property as all tenants in our platform are screened against sanction and AML watchlists and adverse media in accordance with the Financial Intelligence Centre Act 38 of 2001

How does the deposit loan work if landlord wants to invest rental deposit with GraceNineteen?

1

Tenant applies for a rental deposit loan in our platform.
2

If loan is approved, tenant notifies landlord.
3

Landlord creates an account with GraceNineteen >> adds property >> adds lease details >> agree to our T&Cs.
4

System notifies tenant to create deposit investment account.
5

GraceNineteen makes rental deposit loan disbursement into the deposit investment account managed by GraceNineteen on behalf of both the landlord and the tenant as prescribed by the Rental Housing Act (RHA) and the Property Practitioners Regulatory Authorities (PPRA).

Benefits for Estate Agents

Quicker turnaround time to receive deposits and conclude lease agreements.
No need to make rental deposit payment arrangements with tenant.
Our rental deposit loan approval process makes sure that your tenant is still able to afford their monthly rental payments.
Interest on the loan ranges between 14% and 27% depending on the risk profile of the Tenant and whether the rental deposit is invested in an investment account with GraceNineteen.

How it works

1

Real Estate Agency enters into a referral agreement with us where we also onboard the agency.
2

Agents can start referring tenants to us for a rental deposit loan.

Estate Agent Onboarding

Principal Agent Name

Agency

Phone

I am Human (Refresh)

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Frequently Asked Questions

What is GraceNineteen's aim?

Our aim is to provide relevant financial products to assist tenants to begin their property rental journey and to further support them in their journey of becoming first time homeowners.

For landlords, we aim to support them with our financial products to add to their efficiency and compliance in the management of their rental properties.

What does each of GraceNineteen's products do?

Rental Deposit Investment Product - Ensures that rental deposits are invested and managed as per the Rental Housing Act (RHA). Tenants are protected against no deposit refunds, delayed deposit refunds, inadequate interest earned on rental deposits and unfair deductions on rental deposits. This product also helps tenants to start thinking of their rental deposits as part of their investment portfolio.

Landlords do not have to worry about the admin of opening and managing tenant’s rental deposit investment accounts as prescribed by the Rental Housing Act (RHA), our Deposit Investment Product takes care of that.

Rental Deposit Lending Product - Provides financial support to assist tenants with deposit shortfalls. This product links to our deposit investment product so that a tenant is still protected even when they fund their rental deposit with a loan.

Future Home Buyer Product – Enables individuals to save towards the buying of their first home, or an investment property. It helps people flag the vision of buying their own homes very early in their financial journey.

Where does GraceNineteen invest the rental deposits?

All rental deposits with GraceNineteen are invested with Investec Bank.

What are the GraceNineteen fees?

Once-off Onboarding fee = R63, paid upfront by the tenant.

Rental Deposit Investment admin fee = 1.5% (exclusive of VAT) paid yearly by the tenant.

Rental Deposit Lending fee = TBC

Future Home Buyer fee = TBC

What documents are required to activate the Rental Deposit Investment Product?

Proof of identity - does not need to be certified for S.A citizens and can be uploaded as a picture. Must be certified for foreign nationals.

Proof of address - not older than 3 months. If it is a lease agreement, it should not be older than 1 year. Must be certified for foreign nationals.

How do I activate a Deposit Investment Product?

Go to app.gracenineteen.com to activate your deposit investment product. Should you encounter any issues, please reach out to our support team on support@gracenineteen.com. You can also click here to watch a tutorial video.

In partnership with

Reach us on Whatsapp

(+27) 083 359 5913

Home Deposit Loan Product Deposit Investment Product Disclaimer

4th Floor New Building, Investec Bank, 100 Grayston Drive, Sandton, 2196, South Africa

Grace Deposits Protection (Pty) Ltd, t/s GraceNineteen, is an authorised lender, NCRCP17954 and under the FAIS Act, GraceNineteen is a Juristic Representative of CAEP Asset Managers Pty Ltd, FSP 33933.

Please click here to view the Statutory Disclosure Notice to see financial services products that Grace Nineteen is permitted to offer.

Rental Deposit Loan

Benefits

Benefits for Tenants

How it works

Benefits for Landlords

How does the deposit loan work if landlord wants to invest rental deposit with GraceNineteen?

Benefits for Estate Agents

How it works

Estate Agent Onboarding

Related Products

Rental Deposit Investment

Frequently Asked Questions

What is GraceNineteen's aim?

What does each of GraceNineteen's products do?

Where does GraceNineteen invest the rental deposits?

What are the GraceNineteen fees?

What documents are required to activate the Rental Deposit Investment Product?

How do I activate a Deposit Investment Product?

In partnership with

Reach us on Whatsapp

National Credit Act

FAIS ACT