Loans as they should be
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Borrow up to $45,000 for a range of loan purposes
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Simple online application
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Loan terms from 12 to 60 months
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No early repayment fees
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Fast finance – funds typically disbursed within 24 hours of approval
Learn more about our rental bond loans
What is a Rental Bond Loan?
If you didn’t know already, a rental bond is a form of security deposit that’s paid at the start of a tenancy agreement by renters. However, with rents continuously rising, paying a rental bond at the start of a new lease can leave a dent in your wallet.
This is where a rental bond loan comes in, it’s a convenient way to cover the cost of your bond, removalists, cleaning and anything else related to your move! It’s ideal if you need a little help with the upfront costs and don’t want to worry about digging into your savings or waiting for payday.
Whether you’re moving into a high-rise city apartment or a cosy suburban home, rental bond loans make it easier to secure your new home.
What Do I Need to Know Before Applying For a Rental Bond Loan?
If you’ve been thinking about whether you can get a bond loan for a private rental, here are a few things to keep in mind before starting to pack your boxes. First, you’ll need to make sure that you meet the basic eligibility criteria, such as being over the age of 18. Lenders will also check your financial situation including your income, employment status and credit history.
As responsible lenders, we want to make sure you can afford the loan you need. This means we’ll make sure that the loan amount you’re requesting is suitable and has the best repayment schedule to suit your financial situation. We’ll also ensure that you understand the terms and conditions, interest rate and repayment schedule. This will put a halt to any surprises down the road with your loan for bond and rent.
Once you’ve been approved and received, paying for your bond is usually done through the Online Bond Lodgement service provided by the RTA and your property agent will guide you through this process.
The bond money is held with the RTA for the entirety of the lease and then paid back when you move out; provided no money is owed for rent, damages to the property or other costs.
How Can I Get a Rental Bond Loan?
Getting a rental bond loan with Rapid Loans is easier than you might think!
Simply get started by filling out our easy online form with your details, upload your important documents via our secure platform and we’ll be in touch once we’ve reviewed your application.
If your loan is approved, the funds could be transferred faster than you can say Rapid Loans!
Trust Rapid Loans With Your Rental Bond Loan
If you’re wondering why you should choose Rapid Loans for your rental bond loan, let’s just say that we’ve got your back. You can count on us for quick approvals, competitive interest rates and a friendly team that cares about helping you move into your new home.
Our process is designed to be fast and stress-free, so you can focus on the exciting parts of moving, like decorating your new place and trying out your new neighbourhood cafe.
Let us handle the financial side while you start your next chapter and see why Australians just like you trust Rapid Loans to help them find the best loan.
Why go with Rapid for your loan?
Loans Tailored to You
Our auto and personal loan products were created with our customers in mind. We live in the real world too, so we created flexible loan solutions to suit most circumstances.
Quick and Easy Process
Our online application takes just minutes and our secure online portal allows you to upload your essential documents quickly and conveniently.
Personalised Service
Like everything at Rapid, we make sure dealing with our professional customer service representatives is straightforward and simple. We’re here for you!
Trusted Lender
We’ve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isn’t always straightforward.
Explore Our Other Loan Types
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For when you want to smile big.
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Personal Loans
For when you want to start living
Used Car Loans
For when its time for that new car smell
Rental bond loan questions
How much can I borrow with a rental bond loan?
At Rapid Loans, our rental bond loans start at $2,001. With a national median rent of around $570, the rental bond on a property of this price would be $2,280. Your personal loan can also be used to cover additional costs associated with moving such as bond cleans, removalists and packing equipment, so consider these factors when deciding how much to apply for. A personal loan can help to cover your rental bond and some additional relocation costs so you can move now and manage the payments over time.
How long does it take to apply for a rental bond loan?
Applying for a rental bond loan is usually a quick process with our simple online application taking just a few minutes to complete. We don’t want you waiting around so depending on the time and day of the successful application, the funds could be in your account the same day or the next business day.
Will a credit check be conducted before my loan approval?
Yes, all responsible lenders will conduct a credit check as part of their approval process. This helps assess your creditworthiness and determine the loan terms. However, if you’re worried about your credit history then we’re here to put your mind at ease. We believe in second chances so it’s always worth discussing your situation with our friendly loan consultants. Ready to make your move? Apply for a rental bond loan with Rapid Loans today and step into your new home with confidence!