Too Good To Be True? Believe It
We know that renting a whole house can be troublesome. You have to go house hunting, set up appointments, pay a hefty deposit, go through the agreement hassle. Yeah, we get it.
That’s why Speedrent is here to take some of the stress off you. We want to make house rental affordable to more people. A house is a necessity and everyone should have easy access to a roof over their heads.
We made the ‘No Deposit Rental’ scheme with the thought of lower and middle-income class in Malaysia. In the current era, it’s almost impossible to save up a huge amount of money for a deposit. Not when the prices of basic necessities, fuel & services are all hiked up.
If you think Speedrent’s ‘No Deposit Rental’ is a scam, just read through all our tenants’ testimonials. They had the same worries too but because it works, they can confidently say that Speedrent is not a scam.
There are 3 rules set for you to be able to qualify for our ‘No Deposit Rental’ scheme. Don’t worry, they’re not dangerous nor do we make you bend over backward.
1. Monthly House Rental
Currently, there is a maximum and minimum cap over how much our ‘No Deposit Rental’ rental scheme covers. Only houses with monthly rentals of RM800-RM4,000 will entitle you to enjoy no deposit rental.
Why RM800 Minimum?
We receive listings from landlords for houses all around Malaysia. So, we put a minimum cap of RM800 for you to enjoy ‘No Deposit’.
Why RM4,000 Maximum?
The RM4,000 cap is made with the thought of urban citizens working in cities.
2. Credit Score Check
Before renting a house, Speedrent requires you to sign a form that allows us to do a thorough credit score check. In simpler words, we will access your CCRIS & CTOS, at your approval. If you have never been blacklisted or warned for default payments, you don’t have to worry about passing this check.
This credit score check is only for us to determine whether you will be a good paymaster to landlords. We will not disclose any exact amount or issues to your landlords or anyone. It is a confidential matter between Speedrent and you.
3. Background Check
Of course, we will also do a simple background check to inquire about:
- Your working place
- Or, your education institute
- Who your housemates will be
This is, again, to prove to landlords that you are able to afford your monthly house rental. With ‘No Deposit Rental’ working, landlords may worry about your ability to pay on time. Hence, we want to appease your landlord by proving that yes, you can and you will.
How about checking out our next article, “How Much Does Speedrent’s Service Cost?” for a more detailed breakdown over what you have to pay by using our services.