Our Personal Loans can help you pay for rental bonds, moving costs and more in WA.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Rental bonds can leave a huge dent in your savings when starting a new tenancy agreement, especially if you have to pay upfront or by yourself. Combined with the stresses of moving, rental bonds could be the straw that breaks the camel's back for a lot of tenants.
A Rental Bond Personal Loan with Jacaranda Finance can allow you to pay that deposit quickly without dipping into your hard-earned savings. Instead, you can repay a loan from $3,000 over manageable instalments starting from 25 months.
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don't have time to waste on needless paperwork.
That's why Jacaranda Finance makes applying for a Personal Loan to cover rental bonds and moving expenses simple with our fast, 100% online application.
Check if you qualify without affecting your credit score today.
As Australia's largest state by land mass, Western Australia offers so much to do and see. Many people choose to live in the state capital, Perth. The gorgeous Western sunsets over the ocean are just one reason almost 2 million people call Perth home.
Perth has seen some massive increases in asking rents in recent years. The Domain Rental Report for March 2024 found the average weekly rental prices in Perth were:
$600 per week is enough to mean Perth is more expensive than the average capital city, which would cost $593.5 per week.
Unfortunately, these high rents also mean high rental bonds…
The WA Government states that bonds must not be more than four times the weekly rent unless the weekly rent is more than $1,200 per week. There is no maximum bond amount if the weekly rent is over $1,200.
Using that weekly rental average of $600, we can assume a rental bond worth four times that much. That means in Western Australia, you’d be looking at a typical rental bond of $2,400. This is a hefty amount and doesn't factor in all of the other moving costs.
It also doesn’t factor in an additional two weeks you could be asked to pay rent upfront. If that were to happen, your costs could rise to more than $3,600!
If you need help paying for these costs, consider turning to a rental bond loan with Jacaranda Finance. Our loans range from $3,000 all the way up to $25,000, which could be more than enough for you to pay your bond, moving costs, and anything in between to get settled.
If you’re a renter in Western Australia and are unsure about how the bond process works, we've compiled some key pieces of information that may answer your questions.
Please refer to the resources tab at the end for official sources of information on paying a rental bond in WA.
If you’re a renter in Western Australia and are unsure about how the bond process works, we've compiled some key pieces of information that may answer your questions.
Please refer to the resources tab at the end for official sources of information on paying a rental bond in WA.
In Western Australia, the Security bond must be lodged with the Bond Administrator at Consumer Protection within 14 days of receipt. All tenants' names must be included on the bond lodgement form to ensure everyone's share is protected. Once lodged, the Bond Administrator will send a record of the security bond payment directly to the tenants. If tenants do not receive this within a month, they should contact Consumer Protection.
Some tenants arrange for the Department of Communities to pay the bond on their behalf. This assistance is a personal loan from the Department to help tenants access the private rental market. Bonds provided by the Department must be managed in the same way as those paid directly by tenants.
The rental bond is held by the Bond Administrator at Consumer Protection for the duration of the tenancy. It will be refunded at the end of the tenancy, provided no money is owed for rent, damages, or other costs.
The landlord or tenant should make an application for the bond refund within six months of the end of the tenancy agreement.
To get your bond back, ensure the property is kept in good condition. Using a bond cleaner can help if needed. Document the property's condition with an Entry Condition Report and photos at the start of the tenancy to provide evidence in case of disputes.
The bond refund process can be initiated through the BondsOnline system or by submitting a completed bond disposal form.
Landlords or agents can claim the bond for:
Claims must be supported by evidence, such as receipts and condition reports.
If the parties do not agree on the terms of the bond refund, they have two options.
Once the form is lodged, the court will send a copy to the other party, who has three options:
If a dispute goes to court at the end of a tenancy, the magistrate will make an order as to how the bond money is to be paid out.
The WA Government’s Department of Mines, Industry Regulation and Safety is the main body for bonds and renters in WA. This department provides an informative guide about your rights and responsibilities as a tenant in WA.
Legal Aid in WA can assist with any form of legal issues about renting in WA.
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
Worried about being denied a loan? No stress! At Jacaranda Finance, QualifyCheck lets you check if you qualify without affecting your credit score!
Making all your repayments to us on time could steadily improve your credit score and positively impact your ability to get credit in the future.
Worried about being denied a loan? No stress! At Jacaranda Finance, QualifyCheck lets you check if you qualify without affecting your credit score!
Making all your repayments to us on time could steadily improve your credit score and positively impact your ability to get credit in the future.
A personal loan is a fixed-term loan that allows you to borrow a set amount of money and repay it through regular instalments. Our online application process is designed to be fast and straightforward. Repayments remain consistent throughout the loan term so you can plan your budget with confidence.
Applying is Quick & Easy
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By submitting a full application for a personal loan, you are authorising a hard credit check. This means that other lenders will be able to see that you applied for a loan and could impact your credit score. Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score*. This is called a soft credit check, and is only visible on your credit report to you.
How to check if you qualify for a secured personal loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
No, checking if you qualify uses a “soft” credit check meaning it does not impact your credit score or appear on your credit file to anyone but you. We recommend checking your eligibility before applying for a loan where possible to reduce the number of applications on your credit report.
To be assessed for a loan from Jacaranda Finance, you must meet the following basic eligibility criteria:
If you are unsure whether you’re eligible, you can check if you qualify with no impact on your credit score*.
We offer two main products at Jacaranda Finance:
For detailed information about who our products are designed for, please review our Target Market Determinations. Our Loan Repayment Calculator and our guide to Jacaranda Finance’s interest rates & fees could help you to predict your repayments before applying.
Using our loan repayment calculator you can estimate your repayments before applying.
Missed Payment Fees
For every missed payment, a fee will be applied. This cost is added to the account balance and can be paid with the next repayment cycle. If you’re concerned you’ll miss a repayment before the next due date, please contact our customer support team as soon as possible.
You can pay your loan back at any time at no extra cost. That means no early exit or payout fees.
Once you’ve been approved and have accepted your loan contract, we’ll automatically attempt to release the money to your account. Most customers get paid in 60 seconds3.
$3,000 - $25,000
