Bond Loans SA
- Applying is quick and easy!
- With a SA 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 SA
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 South Australia?
The maximum bond for residential tenancy agreements is:
- up to 4 weeks rent if weekly rent is $800 or less
- up to 6 weeks rent if weekly rent is more than $800.
The maximum bond for rooming house agreements is up to 2 weeks rent.
Landlords must give the tenant a receipt within 48 hours of receiving the bond.
Accurate at February 2024 – Source – South Australian Government
Bond Loan SA FAQ
What is a Bond Loan in QLD?
A Bond Loan in SA 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 SA 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