Rent Financing
Mara loans or financial products designed to help tenants pay their rent, especially during financial hardship.
- Personal Loans: Unsecured loans that you can use to cover rent.
- Rent Payment Assistance Programs: Non-loan options like grants or subsidies.
- Rental Deposit Loans: Specialized loans to cover upfront deposits.
Pros:
- Quick access to funds
- Can help avoid eviction or late fees
- Flexible use (depending on loan amount)
Cons:
- Borrowing costs (interest, fees)
- Repayment obligations
- Potential impact on credit score
Rent-Now-Pay-Later (RNP or RNL)
Allows tenants to move in immediately and defer rent payments. Like Buy-Now-Pay-Later, but for housing.
How it works:
- Tenant moves in without full upfront payment
- Mara Flex pays the balance of the rent
- Rent is split into installments over an agreed period
- Pay-over-time options may include interest
Benefits:
- Immediate move-in without full upfront rent
- Better cash flow management