Deposit PowerDeposit PowerContact: Neraj Singh
Neraj Singh is Victorian Partner Manager for Deposit Power. A Deposit Power Guarantee acts as a substitute for the cash deposit between signing a contract of sale and settlement of a property. At settlement the purchaser pays the full purchase price including the deposit. Sold through third party channels, Neraj manages the relationship with the channels and is the ‘go to person’ for Deposit Power in Victoria.
The channel partners include: Aussie Home Loans as well as major banks and brokerages. A Deposit Power Guarantee can be issued for all or part of the deposit amount required, up to 10 per cent of the purchase price. Deposit Power Guarantees can be issued to purchase most types of properties with settlement terms of up to 48 months.
Deposit Power was established in 1989 and has assisted over 750,000 Australians purchase property. Deposit Power is Australia’s leading provider of deposit guarantees and issued the first Deposit Guarantee in the Australian market in 1989. Deposit Power Guarantees are issued by Deposit Power Pty Ltd as Manager for CBL Insurance Ltd.
Married with five children Niraj enjoys watching soccer on Sundays with them. Other relaxing moments are taken up with social media marketing (Niraj is known as ‘The Mad Social Marketer’) cooking and recipe collecting.