DEPOSITSAVERDEPOSITSAVER

Deposit Saver cuts your move-in deposit to one month's rent. You pay that one month at move-in. The rest of the deposit is covered through a loan in your name from our RBI-registered NBFC partner, paid straight to Helium as your deposit. There is no EMI and no principal to repay during your stay. When you move out, your deposit refund settles the loan and you get a clean exit.

A nominal 1% a month on the covered amount, which is a fraction of what a personal loan or credit card would cost. There is no processing fee, no GST on top, and no foreclosure charge. Check your eligibility to see if you qualify.

With a personal loan or a no-cost EMI you repay the principal every month. With Deposit Saver you never repay principal during your stay; it is settled from your deposit refund when you leave.

In most developed countries renters pay one month's deposit, because creditworthy renters shouldn't be punished for the behaviour of a few. In India owners often ask for 4 to 6 months because there are limited safeguards if something goes wrong. Renters with strong credit have already shown they pay on time and look after their homes. Helium takes on that risk on their behalf, while owners continue to receive full protection.

No, it is completely optional. You can pay the full deposit upfront like any regular rental, or use Deposit Saver to reduce it. It is an extra benefit for renters who would rather keep their cash free than lock it away for the length of their stay.

The New Rent Rules 2025 refer to an update to the Model Tenancy Act, 2021, which is a recommendation by the central government. For it to be legally enforceable, each state must adopt or amend its own rental laws. As of today, Karnataka is yet to adopt these provisions, therefore homeowners continue to charge the same deposits as before.