Fast Approval Bond Loans VIC - Secure Up to $10,000 Instantly for Your Rental Bond

Bond Loans VIC

Applying is quick and easy!
With a VIC 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.

START YOUR BOND LOAN

How to Apply for a Bond Loan in VIC

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 Victoria?

In most cases, a bond cannot be more than one month’s rent.

A rental provider can only ask for a higher bond when either:

the weekly rent for the property is more than $900
VCAT has set a higher bond for the property. They might do this because of the character of the property or the quality of the fittings and furniture.

There is no rule about maximum bond in these cases.

Before March 2020, rental providers could also ask for a higher bond if they planned to live in a property at the end of the agreement. This does not apply to agreements signed after March 2020.

There are different rules for people living in rooming houses, caravan parks and residential parks.

Accurate at February 2024 – Source – Victorian Government

Bond Loan VIC FAQ

What is a Bond Loan in VIC?

A Bond Loan in VIC 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 VIC 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.