"If I was a business and I was considering eGuarantee I would absolutely jump in, they made it very simple and straightforward. It really frees up cash flow and allows you to focus on your business going forward."
What exactly is the difference? Decide what works for you and your business.
eGuarantee’s Lease Bond solution
Bank guarantees
Security requirement
No cash or assets required as security. Keep the capital working in your business.
100% cash or assets backed. Locks up capital for the term of your lease.
Process
100% digitally managed on AI-powered encrypted platform. Manage your application and stakeholders (legal, landlord etc) on one platform.
Branch visits, and paper-based forms. Typically requires at least 2- 3 visits.
Accessibility
24/7 online encrypted platform, anywhere, any time.
Bank hours only.
Credit rating
Standard & Poor’s AA- rated
Big 4 banks are rated AA- however some neo-banks are not rated. Do check the rating of your bank.
Product instrument
Financial guarantee backed by the insurance market.
Financial guarantee backed by banking market.
Security coverage
Lease-smart by design. It syncs with your rent and incentive timelines automatically, so coverage always fits — no manual updates, no missed details.
Requires re-application for any security changes in value or timings. Also paper format is easily lost or defrauded.
Timeframes
Approval in 1 – 3 business days, once application is complete.
Can take anywhere from 2 – 6 weeks.
Landlord acceptance
Trusted by 174+ landlords, including major names like Dexus, Brookfield, Vicinity, and Centuria. See other’s here .
We’re adding to the list every week — and can help onboard your landlord, too.
Most landlords readily accept bank guarantees, but not from any bank, and mostly from big 4 (Commonwealth Bank, NAB, ANZ and Westpac). Will need to check with your landlord.
Costs
For up to 5.5% a year, you free your cash to work harder — in your business.
Rates usually move with the RBA and vary between banks — each charging a rate while also paying interest on the cash held.
Application requirements
- Director and business details
- Ownership group structure
- Latest financials
- Lease Agreement or HoA if available
May differ bank to bank but typically
- Director and business details
- Landlord’s details
- Existing business banking arrangement
- Sometimes – business financials
Ready to move on from the outdated bank guarantee?
Let’s get started with a little detail here and one of our commercial lease security experts will call you soon.
Contact
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Hear it from others
"It's such a seamless process, and frees up so much capital. We have no hesitation around expanding to new premises and having to tie up multiple bank guarantees across multiple sites... I really think this is the way moving forward for commercial guarantees."
"The experience dealing with eGuarantee was seamless right from the first contact. Our ability to use eGuarantee was the deciding factor for us committing to this site"
"As the director of an accounting firm, I can say to any business looking to maximise working capital, eGuarantee is a great solution for you."
Get security without the handcuffs
FAQs
A Lease Bond is the modern alternative to a traditional bank guarantee — where we’ve designed a solution specifically to secure commercial leases.
The financial instrument that underpins the solution is the same financial guarantee, but instead of it being distributed from the banking market – it uses an insurance market – which allows it to not require cash-backing.
Instead of locking away business cash in a traditional bank guarantee, a Lease Bond allows you to keep that capital working in your business. You simply pay an annual fee, and the bond provides the landlord with the same level of protection – unconditional, irrevocable and on-demand payments.
Our Lease Bond solution is backed by a global insurer with an S&P AA- rating (equal to Australia’s big four banks), Lease Bonds give landlords peace of mind while giving tenants greater flexibility, efficiency, and control over their cash flow.
At eGuarantee, we offer our Lease Bond solution from $20,000 and up, making lease security easier, fairer, and smarter for Australian and New Zealand businesses.
Simply put – we’ve removed the bank from bank guarantees with Lease Bonds.
Lease Bonds provide the same sort of financial guarantee – but aligned with our modern day-to-day way of working.
- Lease Bonds are 100% digital, therefore no paper-based documentation, no branch visits, no queues.
- It’s backed by an S&P AA- rated global insurance entity – and therefore no cash collateral required.
- Plus it’s specifically design for commercial lease security to work with the lease agreement – so it’s more secure, and customisable.
As there is no cash required – in order to be eligible for a Lease Bond – business owners will need to go through a financial assessment and be approved. Credit assessments typically take 1 – 3 business days.
Once approved – the Lease Bond is issued to the landlord, as a bank guarantee would, and the business tenant would pay an annual fee for the issuance.
Applications are 100% digitally managed on our encrypted eGuarantee platform. Simply create an account here to get started.
For the initial assessment, the following documents are required:
- Latest accountant-prepared annual financial statements – finalised and signed by management
- Year-to-date management accounts (P&L and Balance Sheet pulled from accounting platform)
- Schedule of banking and non-banking financing facilities (including any overdraft facility, trade advances, business credit card, chattel mortgage)
- Group and shareholding structure
- Draft or signed Head of Agreement / Lease Agreement, if available.
Sometimes, after the initial assessment, other documentation is required such as Trust deeds, Asset & Liability statements etc. Our team will give you a heads up if that’s required for application.
Absolutely—subject to your landlord’s approval.
Tenants can transition to eGuarantee at any point, even mid-lease, giving them the flexibility to free up cash collateral or banking lines whenever they need.
Our niche is commercial property lease and that’s all we do, focus on and are experts in.
We do have a sister company that can help with residential bonds though, – visit Deposit Power