Bank Guarantees
Bank Guarantees are similar to Deposit Bonds in that they provide you with the convenient way for you to substitute using your cash deposit. The real major difference is that Bank Guarantees are issued by banks. All advantages remain the same its just knowing what’s best for you and the vendor.
With a huge range of products to choose from and deciding whether a Deposit Bond or a Bank Guarantee would be best contact an iM Specialist today. 1300 30 96 90.
Benefits include:
- Convenient and cost effective alternative to a cash deposit when purchasing residential property;
- Ability to keep investments for longer;
- Fast turn-around;
- Options with no security required;
- Flexibility at auctions as the guarantees are readily accepted.
Remember that even if a deposit bond or bank guarantee has been issued to you this is no guarantee that a loan will be approved.
