Is it safe to share bank statement with RentoMojo?
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Approved, good to go. Since we only use your documents for profile verification, you can be completely assured that your information will be completely safe with us.
Does RentoMojo check CIBIL score?
To determine the credit profile of a user, RentMojo rates a customer based on his or her CIBIL score and the individual’s history on the platform, among other parameters. “We also keep track of the customer or the product even after the rental by checking whether the EMIs are coming in on time.
What happens if you don’t pay Rentomojo rent?
Is there a penalty on late payments? Yes, any payment made after the due date will incur a late fee, calculated on your rental amount. After the due date, you will be charged: 1.10\% on the 11th day of the month.
What steps are involved in renting a product from rentomojo?
What steps are involved in renting out a product from Rentomojo? 1. Choose the product you wish to rent out. 2. Select a minimum usage tenure that you are comfortable with renting the product out for. 3. Enter your phone number and address details. 4. Pay the security deposit for the products you wish to rent.
Does rentomojo charge for normal wear and tear?
Damage which makes the furniture functionally unusable is chargeable. The amount will be decided by RentoMojo on a case to case basis. Normal wear and tear which does not cause functional damage to the products due to usage is absolutely free . 8. In case I’m moving, is there a relocation cost to move your products?
What is the security deposit on my rentomojo subscription?
A fixed minimal amount is collected as security deposit on your RentoMojo subscription as soon as you checkout with your rental plan. This amount is fully refundable if the products are returned to us in good condition, after you meet the minimum tenure of usage that you would’ve opted for.
Does rentomojo waive early closure charges?
Requested Rentomojo to waive off the early closure charges as a loyal customer and also requested them to consider this current situation. I didn’t receive any call back and ended up with paying the full amount including the early closure charge which was quite lump-sum and faced difficulties to arrange the amount due to the situation.