Rental Bond Loans | Rental Bond Assistance From $2,500

What is a bond loan?

A rental bond loan is a fast cash loan to cover the bond costs for your new place. Here at Nifty, we offer bond loans for any amount between $2,500 to $10,000.

Moving house and need a rental bond loan?

If there is one thing more stressful than finding a new rental in the demanding real estate market, it is finding the money for a bond deposit. You may be able to afford the rent, but coming up with often thousands of dollars for a bond deposit can put a strain on any budget. Fortunately, there is a Nifty solution – get a rental bond loan with Nifty Loans for up to $10,000.

Rental bond pre-approval

Are you currently looking for a new rental, and want to avoid the stress of applying for a bond loan last-minute? We offer pre-approved rental bond loans for people looking to avoid this added moving stress.

Rental bond pre-approval is simply a pre-approved loan to cover your bond expense. Just apply for the amount you need, state what the loan is for (in this case, to cover your bond amount) and we will aim to get back to you with an outcome within 60 minutes* with our 100% online loan application process.

Eligibility requirements

Whether you are applying in Brisbane or Broome (or anywhere in between), our requirements remain the same. If you have been searching ‘rental bond loan QLD’ or ‘rental bond loan NSW’, we have you covered! So that we can assess your application lighting fast, ensure that you meet all of our eligibility requirements.

  • You are at least 18 years old
  • You are an Australian citizen or permanent resident
  • You have had a regular income deposited into a personal bank account for the last 90 days
  • You have an active mobile number and email address
Concerned about bad credit?

If you are concerned about your credit score impacting your application, don’t stress; we do provide rental bond loans with bad credit. We are required by law to conduct a credit check on all applications, but we will look at your financial situation as a whole. We will look at your current relationship with money, so your credit score will only be a factor in your application. So, even if you have bad credit, apply for bond assistance with Nifty Loans.

Do rental bond costs vary between states?

Rental bond costs completely depend on the rent you will be paying. Your rental bond amount is, typically, equivalent to four weeks of rent. So, if you are looking to rent in an expensive area, or a large property with multiple bedrooms, chances are your rental bond amount will be higher than someone looking for a one-bedroom apartment. If you are looking for bond loans Victoria, bond loans WA or bond loans SA, your bond amount may vary.

For a further breakdown of rental bond costs across states, see the table below.

Rental bond state variations

State Rental bond amount
NSW Max 4 weeks rent
QLD Max 4 weeks rent
VIC Max 1 months rent can be taken unless rent is above $350 per week; if the amount is higher, the rental bond can be negotiated. However, It is still usually 1 months rent.
WA 4 weeks rent; however, if the weekly rent is over $500 per week or the owner was living in the premises for 3 months prior, the rental bond can be negotiated.
SA Max 4 weeks rent if the amount is $250 per week or less
6 weeks rent if the weekly rent is above $350
TAS Max 4 weeks rent
NT Max 4 weeks rent
ACT Max 4 weeks rent

Government assistance schemes

Most state governments offer rental bond loans for low-income earners. These loans may be beneficial if you are eligible to apply, because they are interest-free. To apply for government assistance, consider the following:

  • QLD – you must be an Australian resident, not own property and have less than $2,500 in cash or savings to apply for a bond loan or rental grant
  • NSW – you must meet eligibility criteria for social housing and a cash asset limit to apply for the Rentstart Bond Loan
  • VIC – your rent must be less than 55% of your gross weekly income and you must not owe money on previous or current public housing tenancies to apply for a bond loan scheme
  • TAS – rental bond assistance is not government-funded but is available from AnglicareTas
  • NT – you must meet residency age, income and asset tests set by the Northern Territory Government
  • WA – the WA Housing Authority provides bond assistance and rent advances to eligible applicants
  • ACT – you must have no available cash or convertible assets above $10,000 and be able to meet the income test to be eligible for a rental bond loan
  • SA – your rent must not exceed $450 per week, as well as other eligibility criteria, to consider a bond or rent loan
Apply with Nifty

Here at Nifty Loans, we like to make things as simple and easy as possible. Apply for a rental bond loan and avoid sourcing thousands of dollars with short notice. For quick loans, we will always be the Nifty solution.

If you still have questions, don’t hesitate to get in touch. Our friendly team is always happy to help. Our customer service is as Nifty as our loans. You can reach us on 1300 471 328.

Ready to Apply?

Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.