Debt Facility Expanded to Accelerate RentBond Growth
| Stock | Rent.com.Au Ltd (RNT.ASX) |
|---|---|
| Release Time | 1 Apr 2026, 8:17 a.m. |
| Price Sensitive | Yes |
Rent.com.Au Expands Debt Facility to Accelerate RentBond Growth
- Funding Facility Extended: Borrowing capacity increased to $15 million, facility term extended to 30 July 2027
- Record RentBond Growth: Over $3 million in new loans in Q1 2026, total loans reach $7.4 million
- Cash Deployed to Accelerate Profitability: Funding an increasing portion of new loans from cash to reduce costs
Rent.com.au Limited (ASX: RNT), Australia's leading platform for renters, has announced that it has successfully extended its Senior Debt Facility with the Eldium Income Fund. The borrowing capacity has been increased to $15 million, and the facility term has been extended by 6 months to 30 July 2027. This will help the company accelerate the growth of its RentBond product, a nationally available, move-now-pay-later loan for renters. In the quarter ended 31 March 2026, Rent.com.au recorded more than $3 million in new RentBond loans, bringing the total loans since inception to $7.4 million. Alongside the debt funding, the Group is funding an increasing portion of new loans from cash, reducing funding costs and improving profitability. With ~$7.5 million in cash and $8.5 million in undrawn debt on 31 March 2026, the company remains exceptionally well-funded to deliver long-term sustainable growth. Rent.com.au has also signed a new referral agreement with a property listings portal, which is expected to contribute additional RentBond volumes once live.
Rent.com.au expects to grow RentBond lending by circa 50% or more as it continues optimizing its application and assessment models.
The company believes it is well positioned to deliver growth as it builds Australia's leading renter platform, with the additional funding ensuring it can capitalize on the significant opportunity in the market.