Bond Loans NSW
- Applying is quick and easy!
- With a NSW bond loan, you can easily cover your new rental bond and other moving expenses.
- Bond loans remove the stress from moving between rentals.
- Get a pre-approved bond loan.
How to Apply for a Bond Loan in NSW
Apply Online
Get fast approval for your bond loan
Get your funds
We will transfer the funds to your bank
Pay off your bond loan
Easy repayment options
How do bond loans work in New South Wales?
- Rental bond cannot be more than four weeks rent.
- Higher bonds cannot be charged for tenants with pets or children.
- A bond covers the tenancy of the whole property, not each individual tenant.
- If a landlord agrees, the bond may be paid in instalments.
- A landlord cannot request or receive additional bond payments (or ‘top-ups’) during the tenancy. The only exception is under Housing NSW issued tenancy guarantees. These guarantees help people with a limited or poor rental history to rent a place in the private rental market.
- A landlord or agent cannot require that the bond be paid before signing the tenancy agreement. However, if the tenant wants to use Rental Bonds Online, they must lodge the bond with us before the agreement is signed.
Accurate at Feb 2024 – Source – New South Wales Government
Bond Loan NSW FAQ
What is a Bond Loan in NSW?
A Bond Loan in NSW is a personal loan provided to cover the rental bond required when leasing a property. It’s designed to help renters manage the upfront costs of renting.
How do I qualify for a NSW Bond Loan?
Eligibility for a Bond Loan typically depends on your income, rental history, credit score, and current financial situation. Some programs are specifically aimed at low-income earners or first-time renters.
Are Bond Loans interest-free?
Some Bond Loans, especially those offered through government assistance programs, are interest-free. However, private lenders may charge interest on these loans.
How much can I borrow with a Bond Loan?
The amount you can borrow varies depending on the lender and your circumstances. Typically, Bond Loans cover up to 4 weeks of rent, aligning with the maximum rental bond charged in most states.
How long does it take to get a Bond Loan?
The processing time for a Bond Loan can vary. Government programs may take a few weeks, while private lenders might offer quicker approval, sometimes within a few days.
Can I use a Bond Loan for anything other than the rental bond?
Bond Loans are specifically meant for covering rental bonds and cannot be used for other expenses like rent, moving costs, or furniture.
Do I need to provide collateral for a Bond Loan?
Generally, Bond Loans do not require collateral. They are unsecured loans based on your ability to repay.
How do I repay a Bond Loan?
Repayment terms vary by lender. Typically, you repay the loan in installments
Our Bond Loans are available Australia wide
Northern Territory (NT) – Darwin
Tasmania (TAS) – Hobart
Western Australia (WA)– Perth
South Australia (SA) – Adelaide