1. Startups

Collaborating with Cicilsewa, Rentfix Completes Property Payment Scheme

This financing service is only available for users in the Jabodetabek area

Aims to facilitate the payment process for property tenants, Rentfix cooperates with Cicilsewa to provide a monthly rental payment scheme. The trick is to help provide bridging funds for one to two years, so that on the tenant side they can continue to pay in installments with a monthly swap scheme.

Along with Installment rent, Rentfix wants to help people to rent properties such as houses, apartments, shop houses, shops, kiosks, offices with more affordable payments. With this system, the need for tenants to have a decent residence and place of business will be lighter without having to pay a large rent up front. Currently, this rental installment feature is spread across Jabodetabek

"We hope that through Rentfix's collaboration with Cicilsewa, we can continue to increase property rental transactions at Rentfix post-pandemic. We are also optimistic about property rental demand which has started to grow again with the increase in the number of rental transactions at Rentfix, which seems to continue to rise at this time," said Rentfix CEO Effendy. Tanuwidjaja.

The way Rentfix works through this feature is that the Cicilsewa will pay in full one year to the property owner so that the tenant can easily pay the rent per month. This will address the gap in the property rental market in meeting the needs of people who do not yet have the means to meet the 12 months upfront payment for property rentals.

"As for the curation process for tenants who are entitled to the opportunity for property rental installments at Rentfix, first the tenant can provide complete data and documents, then survey the property unit, and report on the results of approval and payment of initial fees (DP, First Installment)," said Effendy.

It can also calculate and adjust the rental fee according to the financial capacity of the tenant. Then the tenant can do an installment scheme, which is a minimum down payment of 30% of the total rent. This scheme makes it easy and helps the tenant's cash flow.

To minimize the risk, his party has set a grace period for paying rent and a penalty for late payment of rent is set at only 0,3% per day of the total bill for the month.

"We see that most property tenants often complain because they have to pay off property rentals for a year. So, Rentfix provides a monthly rental payment scheme by helping provide bailout funds so that tenants can pay monthly," said Effendy.

Rentfix business growth

Launched in 2017, Rentfix claims that from March to May 2022 its business growth has increased by 70-100%. The increase occurred in property needs, one of which is residential such as houses that get good results with many requests per month. Rentfix also continues to explore cooperation with new partners.

More Coverage:

Until now, Rentfix claims to have more than 3000 users and 55 tenants and buyers partners. At the end of 2020, Rentfix launched the "Rentfix Sale and Purchase" feature. This buying and selling business was launched due to the large number of requests from users who want to own a residence in an easy way and process. In 2021, Rentfix has also expanded its business scope to Singapore.

Had a problem during the pandemic, now the platform proptech has begun to experience a lot of growth. Starting from the number of properties offered, to the number of enthusiasts who are still increasing until now. Apart from platforms proptech like Rentfix, services that prioritize technology for the property business are also starting to appear. Among others are PintuI had, Windows360, and Pinhome.

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