Deposit Bond Australia Pty Ltd (‘DBA’) ACN 003 772 487 is an Australian owned business specialising in the development and management of Deposit Bond programmes. During its two decade operation DBA has acted on behalf of 3 public companies assessing, approving and issuing Residential or Commercial Deposit Bonds including QBE Insurance (Australia) Limited (‘QBE’) ABN 78 003 191 035 since 2006.
DBA is Australia’s longest standing Issuing Agent of short and long term Deposit Bonds. As such its management team have an unrivalled depth of experience developing the broadest deposit bond policy and service range offered by any Issuer in the Residential and Commercial Property Finance sectors.
DBA Provides Deposit Bonds For:
- Residential Deposit Bonds from 6 weeks to 60 months
- Commercial Deposit Bonds up to 48 months
- Common Usage: Individual or Corporate Owner Occupiers or Investors; First Home Buyer; Self Employed; Retiree; Company Trust and SMSF Applicants.
Underwritten by QBE with an A+ (Stable) Standard & Poor’s Rating its Deposit Bonds are currently the only product accepted nationwide for all terms from 6 weeks to 66 months.
Importantly, QBE is the only Deposit Bond Underwriter which falls within the regulatory supervision of APRA. This means payments of claims are governed onshore promoting higher product confidence and market acceptance.
QBE Insurance Group Limited is Australia’s largest global insurer operating in 37 countries with over 14,000 employees and a current market capitalisation of $18.39 billion as at May 2017.
As a Deposit Bond Underwriter QBE has the highest and only A+ (Stable) FSR rating currently available in the market.
QBE has paid all claims received within the terms of the Deposit Bond. As a result, uniquely, QBE Residential and Commercial Deposit Bonds are the only guarantees accepted nationally for all terms up to 66 months whether for established or off the plan property purchases.
Product Scope, Service, Expertise & Experience
DBA is perpetually evolving its services to meet market needs including tailored online application solutions for its accredited Referrers, point of sale options and 1800 Helpdesk.
Additionally, the combination of broad credit policy, choice of expedient online or manual application systems and competitive pricing across all terms underpins DBA and QBE’s reputation as Australia’s premier Issuers of Residential and Commercial Deposit Bonds.
The fact DBA is an Australian owned business operating in association with an Australian A+ rated Underwriter means that all Deposit Bond processes are managed in Australia with all customer information securely stored onshore. DBA deals both directly with Consumers and administers its accredited Referrer programmes for an extensive distribution network comprising Australian Lending Institutions, Aggregator and Mortgage Broking organisations.