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Rental Bond Loans1 - up to $30,000
A Money3 bond loan could help with the financial stresses of moving home, such as covering rental bonds, exit repair fees and moving costs.
Moving house is one of the most stressful experiences, whether it is boxing up all your valuables or cleaning your current accommodation to getting the bond together you need for the new home. Money3 can't help with the details surrounding your move, but we may be able to assist with a personal loan to cover all sorts of emergency expenses you may incur at this time, such as:
- Rental Bond Loans
- Advance Rental Payments
- Cleaning, Repairs & Other Exit Fees
- Boxes & Other Moving Materials
- Removal Companies
- Self Move Van Hire
To get started, simply complete the Pre-Approval contact form above.
1. Subject to verification, suitability and affordability
Bond Loans Help You Fast Track Your House Move
One of the difficulties of moving home is having enough cash saved up and available to cover the bond and all the other moving costs.
Generally, rental bonds are between one month and two months' rent, then on top of this, you will have to pay a month's rent in advance. Very few people are organised enough to have saved up at least three months' rent, for the time when they would like to move home.
In addition to these costs, leaving the old property is also costly due to cleaning and any repair fees that may be due, boxing up and organising a removal company or the cost of a self drive van hire. Then there is also a delay in receiving your bond back from the previous property.
A bond loan from Money3 can help smooth the financial burden associated with your house move, so you are able to make the move when you want to and not have to wait six months to a year, to save up everything you need to make the move.
Example Bond Loans Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,110 | $7,110 |
| 24 months at 16.95% APR & 37.39% Comparison Rate | ||
| $7,500 | $5,042 | $12,542 |
| 36 months at 16.95% APR & 37.39% Comparison Rate | ||
| $10,000 | $6,427 | $16,247 |
| 48 months at 16.95% APR & 35.44% Comparison Rate | ||
EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Rental Bond Loan FAQs
A Rental Bond Loan is a specialised type of personal loan designed to assist individuals with the costs associated with moving houses, specifically covering rental bonds, exit repair fees, and other moving costs. This loan aims to make the moving process smoother by providing quick financial support.
To apply for a Rental Bond Loan, you need to meet the following criteria:
- Be an Australian resident
- Be over 18 years old
- Have income paid directly into your bank account
- Have a take-home income or benefits of over $480 per week
We'll give you a fair go!
Yes, you can apply for a Rental Bond Loan even if you have bad credit1. We consider various factors, not just your credit history, when assessing your application. We look at your current financial situation and your ability to repay the loan, offering everyone a fair go.
Learn more about our loans with bad credit up to $30,000.
You could borrow up to $30,000 with a Rental Bond Loan. Loans up to $10,000 are available as personal loans, and for amounts up to $30,000, you may need to provide security on your loan.
The amount you could borrow, will also depend on the affordability of the loan. Your ongoing rent and the cost of the loan repayments will both need to be affordable for you. Head over to our personal loan calculator, to see what your weekly, or monthly repayments on the bond loan could be.
The Rental Bond Loan is versatile and can be used for various expenses related to moving, such as:
- Rental bonds
- Advance rental payments
- Cleaning, repairs, and other exit fees
- Boxes and other moving materials
- Hiring removal companies
- Self-move van hire
We understand that moving can be time-sensitive, so our application process is 100% online and can be completed in minutes. Once submitted, we aim to review your application and provide a decision as quickly as possible.
Yes, you can1. We will not pay the estate agent or landlord directly.
Our rental bond loans are cash loans and can cover all sorts of expenses associated with moving home, such as exit cleaning fees, gardening, removal companies, rental bonds and more. The payment will be made to your bank account, and you will be able to manage how the money is dispersed during your move.
Security is not mandatory for loans up to $10,000. However, for loans up to $30,000, providing security may be required.
Yes, a Rental Bond Loan can cover both the costs of entering a new property and the costs of exiting your old property. This includes rental bonds, advance rent, and any fees for cleaning and repairs at your old residence.
There are no hidden fees or charges associated with our Rental Bond Loans. All fees, charges, and other costs will be clearly listed in the loan contract for you to review before signing.
1. Subject to verification, suitability and affordability
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Want to Check the Costs?
Our interactive personal loan calculator can give you an idea of your loan repayments.
