Eqaro Guarantees, a financial institution that provides surety solutions along with Nestaway Technologies, India's fastest growing "Managed Home Rental Network" have announced a disruptive partnership; wherein, Eqaro Guarantees will issue rental bonds to landlords on behalf of tenants at Nestaway Technologies. The initiative between both companies will target the entire tenant community including families, working professionals, and singles.
This facility will initially be made available in Bangalore, Mumbai, and NCR, followed by other cities where Nestaway technologies are present. With this partnership, the tenants would have options so that they could choose according to their budget and personal preferences. There will not be any burden on the landlords to look for credit verified tenants, conduct background checks, and chase tenants to pay their dues on time.
Pankaj Bhansali, COO & CBO, Eqaro Guarantees said, “We are excited with our partnership with Nestaway Technologies. Work from home has become a permanent trend in some segments increasing the need for hassle-free tenancies. This alliance will make homes accessible to prospective tenants without the need for any security deposit while at the same time providing landlords with credit verified and assessed tenants. Rental bonds are superior to the traditional cash deposits and help tenants carry forward the benefits of a good tenancy track record to their subsequent tenancies.”
Amarendra Sahu, CEO, Nestaway Technologies said, “As leaders of the charge to strategically bring order to an unorganized residential rental market, we look at this partnership as another step in that direction. We hope it will simplify landlord-tenant relationships and further boost the quality of our customer experience.”
