Rental Bond Loans ACT

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Borrow $3,000 to $25,000
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Same-Day Approval2
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25-48 month terms

Check If You Qualify

With no impact on your credit score!

Check If You Qualify with no impact on your credit score!

*Subject to lending criteria, T's and C's'

*Subject to lending criteria, T's and C's'

Decorative graphic of a Coin
Borrow $3,000 to $25,000
Decorative graphic of a clock
Same-Day Approval2
Decorative graphic of a calendar
25-48 month terms

Award-winning lender

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What is a Rental Bond Loan?

Thinking about renting? You'll probably come across something called a rental bond. This bond is a form of security deposit paid at the start of a tenancy agreement by renters to either the property manager or the landlord.

A rental bond can leave quite a dent in your pocket if you pay for it upfront, as it can easily add up to thousands of dollars. Combined with the stresses of moving, rental bonds could be the straw that breaks the camel's back.

That's why a Rental Bond Loan with Jacaranda Finance can allow you to pay that deposit quickly without dipping into your hard-earned savings. Instead, you can repay that loan over manageable instalments up to 48 months.

Why get a Rental Bond Loan with Jacaranda?

Jacaranda Finance makes applying for a personal loan to cover rental bonds and moving expenses simple with our fast, 100% online application. Our loans range from $3,000 all the way up to $25,000.

See below for details on how applying for our Rental Bond Loans is quick and easy, or apply here if you're ready to get started.

Loan Details
Loan Amounts:

$3,000 to $25,000

Loan Terms:

25 months to 48 months

Loan Type:
Show the About Security modal

Secured and unsecured

Rate type:

Fixed

Repayment Options:

Weekly, fortnightly or monthly

No Early Payout or Exit Fees:

Customers who pay their loan out early do not incur any additional fees or charges for doing so. Fixed fees that have already been incurred are due and payable.

THE APPLICATION PROCESS

We Make Applying Easy

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 our loan application process has been perfected over time to be as simple and quick as possible.

Aerial view of Canberra from Belconnen in the morning

Image via IIIShutter on iStock

Average rent in the ACT

Home to the nation's capital city, it's no surprise that 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 September 2022 quarter, in Canberra:

  • The median house rent is $680 per week (a 7.9% annual increase)
  • The median unit rent is $550 per week (a 5.5% annual increase)

These numbers make Canberra the most expensive city for renters in Australia, with only Sydney coming close ($650 and $550 per week for houses and units respectively). In comparison, Domain reported that the median weekly rent across the combined capital cities in September 2022 was $530 for houses and $490 for units.

This makes the typical rental bond in the ACT very expensive indeed...

How much is a rental bond in the ACT?

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 median weekly rent of $680 for houses, you could be expecting to pay $2,720 for a rental bond if you're planning to rent in the ACT. With the added two weeks on top, this number jumps to $4,080. For the typical unit, your bond plus two weeks' rent could be around $3,300.

For 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 faster.

Aerial view of Canberra from Belconnen in the morning

Image via IIIShutter on iStock

Rental bonds in the ACT: What you need to know

Are you a renter in the ACT and unsure about how the bond process works? We've compiled some key pieces of information 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, the tenants must complete the Tenant Bond Lodgement form. The lessor/agent will then receive a notification of the completed form and accept the lodgement via the Rental Bonds Portal.

Though the Rental Bonds Portal is currently only available for landlords and agents, the ACT Revenue is currently developing new accounts for tenants and are trialing this with a small group as of 2022.

The bond money is held with the ACT Revenue for the entirety of the lease. The bond will then be paid back after completion of the tenancy, provided no money is owed for rent, damages to the property or other costs. Tenants, landlords or agents can request a bond refund.

The landlord or agent may seek to claim the bond or part of the bond for a multitude of reasons, such as:

  • Breaching the agreement
  • Owing rent
  • Damaging the premises

Flatmates.com.au provides a good rundown on your rights and obligations as a tenant in the ACT.

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 then can 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.

Keeping the premises in good condition is always a step in the right direction, especially near the end of your tenancy. Bond cleaners are also an available service if you deem your rental in need of a good clean.

Another way to help you get your bond back is your Entry Condition report. The more photos you take of any existing damages before you start dwelling in the property, the more evidence you have to show if the lessor pulls you up on damages you, your co-tenants or guests weren't responsible for when the lease ends.

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:

Rental Bond Loan Rates & Fees

Interest Rate
Comparison Rate
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Loan Term
Repayment Cycle
Secured or Unsecured
Show the What does it mean? modal
Establishment Fees
Show the What does it mean? modal
Monthly Fees
Show the What does it mean? modal
Risk Fee
Show the What does it mean? modal
Comparison Rate Warning*
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or Unsecured
    Show the About Security modal
    Unsecured
    Establishment Fees
    Show the About Establishment Fees modal
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $995
    Comparison Rate Warning*
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or Unsecured
    Show the About Security modal
    Secured
    Establishment Fees
    Show the About Establishment Fees modal
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $995
    Comparison Rate Warning*
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.
Interest Rate Comparison Rate
Loan Term Secured or Unsecured
Monthly Fees Repayment Cycle
Establishment Fees Risk Fee
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    17.95% to 27.95%
    Comparison Rate
    32.40% to 42.80%
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or Unsecured
    Unsecured
    Unsecured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $0 to $995
    $0 to $995
    Comparison Rate Warning* Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    14.95% to 27.95%
    Comparison Rate
    29.30% to 42.80%
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    25 - 48 months
    Secured or Unsecured
    Secured
    Secured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $0 to $995
    $0 to $995
    Comparison Rate Warning*
    (Personal Loans)
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
    Comparison Rate Warning* Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Personal Loans Online Up To $25,000

Money in your bank account and ready to use in 60-seconds3 once approved.

Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.

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ACT Rental Bond Loan FAQs

Need more information? Here are the answers to some of our most frequently asked questions about Rental Bond Loans in the ACT.

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $3,000 and $25,000. 

For detailed information about who our products are designed for, please review our Target Market Determinations.

Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loans, visit our rates and fees page.

Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner. How quickly you can apply for a personal loan and receive your funds will depend on your situation.

Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as but not limited to how fast you are at typing or if you have all the required information on hand.

After applying, most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers.2

Once an applicant has been approved and they have signed a contract, we automatically attempt to release the money to the applicant's bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.3

We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.

Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.

We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.

There are four credit reporting bodies that we may use to conduct a credit check:

  • Equifax
  • Experian
  • illion
  • Talefin

Review our Privacy Policy for more information.

The basic eligibility criteria you must meet before submitting an application:
  • Be at least 19 years of age.
  • Be employed on a permanent or casual basis.
  • Have a consistent income going into your own bank account for the last 90 days.
  • Be in control of your finances and be handling existing financial commitments comfortably.
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, and online banking account in your name that belongs to you.

We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:

  • You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
  • You are not comfortably repaying your existing financial obligations