Rumah-i x BlueDuck
The Zero Deposit Option Loved By Tenants and Landlords
Freedom From Deposits
Saving for a deposit to rent a home can be challenging for many tenants. To help lift the financial distress of individuals and families, Rumah-i is partnering with BlueDuck, a Fintech company, to develop a Zero Deposit scheme for our tenants and landlords.
The Zero Deposit Insurance solution helps tenants rent a home with no deposit, saving them thousands of ringgits in upfront costs. Instead, the tenant pays a small yearly insurance fee.
Landlords can also have peace of mind; signing up for the no deposit scheme allows their property to be rented out faster than their competitors.
What is Zero Deposit?
Traditionally, renters are required to pay their landlords two months of rental deposit, one month of utility deposit and one month of rental fees in advance before moving in.
However, given the current economic situation, it has become increasingly difficult for renters to obtain enough funds to cover the initial deposit.
This is where the Zero Deposit Insurance solution comes in. Tenants can rent a home with no deposit and only pay for the rental, insurance and estimated agreement fee. Let’s take a look below:
We’re solving renters’ biggest financial problems; the Zero Deposit Insurance scheme makes renting faster and more affordable for tenants.
Good For Tenants, Great For Landlords
Renters can enjoy reduced financial strain and other numerous benefits the Zero Deposit Insurance Solution has to offer.
However, they’re not alone – landlords too can benefit from the Zero Deposit scheme. Our survey shows landlords offering zero deposit will have higher tenant demand, reduced void periods and a simplified rental process.
Attract Tenants Faster
By offering Zero Deposit renting, more people will be interested in your property. It broadens your customer range as many people prefer a zero deposit to the traditional security deposit offer.
Reduced Void Periods
With more tenants interested in zero deposit option properties, landlords enjoy quicker turnarounds between tenancy agreements, resulting in extra visibility for their rental properties and reduced void periods.
Easy Rental Process
The Rumah-i app is an accessible and secure home rental platform for landlords and tenants. The entire renting process can be done on the app, from digital tenancy, identity authentication, tenant’s credit assessment, automated rental collection, tenancy manager, insurance… You name it, we have it!
How Does It Work?
Measures To Screen Tenants
BlueDuck Tenant Profiling
BlueDuck’s Tenant Profile feature was developed to help landlords make better and well-informed decisions before accepting their tenants.
With thousands of agents already onboard to contribute to the database, landlords can view their prospective tenant’s credit record and scores, income-rental ratio and previous landlords’ reviews.
Our iDD Pay is a direct debit solution that turns monthly payments cashless effortlessly, with an option for automatic deduction.
Tenants can pay with their current or savings account, and landlords can lower the chances of receiving late payments, reducing default rental risk by 90%.
Easy Claim Process
- Check for any malicious damage to your property.
- Lodge a police report.
- Prepare proof of all unpaid utility bills (if applicable).
BlueDuck Tech Rental Malaysia Packages
BlueDuck Tech Rental Malaysia Packages
We’d Love To Hear From You
If you need answers or information about the Zero Deposit scheme, please leave us a message in the form below.
Zero Deposit Insurance FAQ
How can I move in without paying a rental deposit?
Do I need to pay a rental deposit?
Why do I need to use iDD Pay for rental collection?
Are there any terms and conditions for renting without a deposit?
Moreover, your name will be registered into BlueDuck’s preferred credit agency should a claim be submitted.
What is covered under the Zero Deposit Insurance solution?
What are the costs involved?
- The cost of the selected zero deposit package
- 3% service fee for every successful rental collection via the iDD Pay “direct debit” solution. The landlord will receive 97% of the rental.
How can landlords make a claim?
Please be advised to reach a mutual agreement before the claim is raised to avoid miscommunication.
Ready To Get Started With Zero Deposit?
Rumah-i is a prominent rental services company that provides simple and straightforward solutions for property owners and investors. We understand the needs of property owners and provide a comprehensive service that is guaranteed to give returns.