Our Personal Loans can help you pay for rental bonds, moving costs and more in Canberra and the ACT.
Subject to lending criteria, terms and conditions. See below for details.
Subject to lending criteria, terms and conditions. See below for details.
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.
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.
Home to the nation's capital city, the ACT is a bustling territory with plenty to do and see. While the average income in Canberra is higher than most of Australia, so too can be the cost of living and with that, the cost of renting.
According to the Domain Rental Report for the March 2024 quarter, in Canberra:
These numbers mean Canberra is the second most expensive capital city for renters in Australia, behind only Sydney at $725 per week. It's also much higher than the average weekly rent across the capital cities of $593 per week.
This makes the typical rental bond in the ACT very expensive indeed...
In the ACT, a rental bond can be any amount up to a maximum of 4 weeks of rent. This is set out by the ACT Revenue Office. The lessor may also request two weeks of rent in advance on top of the bond.
Using that average weekly rent of $628, you could therefore expect to pay around $2,512 for the typical rental bond in Canberra. With the added two weeks on top, this number jumps to $3,768.
If you need help paying for these costs, consider a Jacaranda Finance Personal Loan, which starts at $3,000.
Below is more information on rental bonds in each Australian state/territory and how to get a personal loan for these costs.
We've compiled some key pieces of information below for renters in the ACT that may answer your questions.
Refer to the resources tab at the end for official sources of information when it comes to paying a rental bond in the ACT.
To lodge a bond in the ACT, tenants must complete the Tenant Bond Lodgement form. The lessor or agent will then receive a notification of the completed form and accept the lodgement via the Rental Bonds Portal.
Bonds can only be lodged by direct deposit to the Rental Bonds account. Currently, the Rental Bonds Portal is only available for landlords and agents, but ACT Revenue is developing accounts for tenants and is trialling this with a small group.
The bond money is held with the ACT Revenue Office for the entirety of the lease. It will then be paid back after the tenancy is completed, provided no money is owed for rent, damages to the property, or other costs.
Once the tenancy ends, the bond will be refunded, provided no money is owed for rent, damages to the property, or other costs. Tenants, landlords, or agents can make refund requests through the Rental Bonds Portal.
To ensure you get your bond back, keep the premises in good condition throughout the tenancy. Using bond cleaners can help ensure the property is clean. Documenting the condition of the property with an Entry Condition Report and photos can provide evidence in case of disputes about property damage.
Refunds are processed through the Rental Bonds Portal once both parties agree.
Landlords or agents can claim the bond for several reasons, including:
Claims must be supported by evidence such as receipts and condition reports.
If any tenants, the landlord, or the agent do not agree with the bond refund amount, they can choose not to sign the Bond Refund Form. The parties that did not sign will be issued a notice, and they can then dispute the refund amount.
In the case of a dispute, ACT Rental Bonds will notify the ACT Civil and Administrative Tribunal (ACAT) of the situation. Both landlords and co-tenants can apply to ACAT to resolve a tenancy dispute.
The ACT Revenue Office is the governing body for renting and housing in the ACT, and upholds the Residential Tenancies Act 1997 and Residential Tenancies Regulation 1998.
Some non-government services available for tenants include:
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.
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
Ready to get started? Apply now.
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.
Our fixed-rate Personal Loans can be used for a variety of reasons beyond just rental bonds and moving costs:
$3,000 - $25,000
