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Renting in the ACT?
Rental Bond Loans ACT
- Borrow from $2,100 to $25,000
- Most customers get a same day outcome2 during normal business hours once all information has been provided
- Flexible and manageable repayments
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2,660+ Reviews
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1,790+ Reviews
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880+ Reviews
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
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2,660+ Reviews
Google Rating
2,660+ Reviews
Word of Mouth
880+ Reviews
Product Review
1,790+ Reviews
Trustpilot
880+ Reviews
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
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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 $2,100 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.
Google Rating
2,660+ Reviews
Word of Mouth
880+ Reviews
Product Review
1,790+ Reviews
Trustpilot
880+ Reviews
ACT Rental Bond Loan Details
| Loan Amounts: | $2,100 to $25,000 |
|---|---|
| Loan Terms: | 9 months to 48 months |
| Loan Type: | 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. |
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.
THE LOAN PROCESS
How does the application process work?
1. Submit your application
This is done 100% online and it’s fast and simple. If you’re fast with your fingers it could take as little as 5-12 minutes1 to complete, but it could take longer depending on a number of factors such as how fast you are at typing or if you have all the required information on hand.
Alternatively, if you like to take things slow, fill in the application at your own pace from anywhere in Australia on any device as long as you have the internet.
2. We’ll do a credit assessment
For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day2 during normal business hours. If you pass the credit assessment and we can assist you, we’ll send a loan offer for you to review.
We do not guarantee same-day outcomes for all customers: customers that apply outside of business hours or customers that are required to provide additional information may experience a longer timeframe.
3. Review your loan offer
Once you have been approved and have accepted our offer by signing your digital contract, we automatically attempt to release the money to your bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds.3
You must have an NPP-enabled bank account. For customers without an NPP-enabled bank account (or the instant payment fails), the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.
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 $2,100 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.
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:
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.
Am I eligible for a rental bond loan?
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.
- 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
Why you'll love dealing with Jacaranda
At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.
Here are some other reasons our customers love us:
- We've been providing finance to hardworking Australians for nearly 10 years. We've already helped over 50,000 customers and we have thousands of positive reviews.
- Get started with an application and be done in as little as 5-12 minutes1 or once you've started an application come back and pick up where you left off in your own time. The application time varies per customer and it might take you longer.
- Our smart technology allows us to get back to you with a fast outcome. Most applicants get a same-day outcome once the application is completed2 during normal business hours.
- If you accept our loan offer by signing your digital contract the funds are usually in your bank account and ready to use within 60-seconds3 if you have a New Payments Platform (NPP) enabled bank account. If you don't, your funds are usually available overnight.
- Our friendly and respectful Australian-based customer service team are here to help you. Existing customers can log into the self-service customer portal, 24/7, 365 days per year.
- Anyone unsatisfied with their loan for any reason, and who still has the funds, can return the money within a 48-hour cooling-off period and cancel their loan. Simply contact our customer service team.
Don't just take our word for it
We strive to offer superior customer service - our Australian-based teams are friendly, personable and helpful and most of the time the first person you deal with can assist with your query. We're open on Saturdays too!
Don't believe us? Check out what scores of happy previous Jacaranda customers have had to say below!
OVER 5,000 REVIEWS
Customer Testimonials On Trusted Platforms
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Super easy and fast system, applying was seamless and money was instant! See Less
Super easy and fast system,... See More
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- S Johari - Google Review
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Fast, reliable service had money in acc same day See Less
Fast, reliable service had money... See More
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- K Perkin - Google Review
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Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick. See Less
Jacaranda is always helpful, wonderful... See More
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- n falconer - Google Review
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Brilliant service and quick action during application process the best there can be when it comes to quick loans. See Less
Brilliant service and quick action... See More
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- N Ross - Google Review
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Jacaranda finance is definitely one of the smoothest and easiest places to apply for a loan. They make the process comfortable and with no hassle. Would recommend Jacaranda to any one ! See Less
Jacaranda finance is definitely one... See More
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- B Pocock - Google Review
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So jacaranda finance.. Were great to deal with I was informed where my application was up to every step of the way. My application started on a Saturday and rolled over to the Monday before i received payment... And I wasnt forgotten about or left wondering what was going on. Although I didn't get the amount requested they were able to help me. When others would not.. Defiantly recommenced See Less
So jacaranda finance.. Were great... See More
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- N Rice - Google Review
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It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much. See Less
It is easy to apply... See More
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- D Miguel - Google Review
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Good people to work with. Application was easy and straight forward. Could use different payment options, but still good options. Would use again. See Less
Good people to work with.... See More
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- K Kupke - Google Review
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Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient. See Less
Excellent service once again from... See More
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- J Mccullough - Google Review
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Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you. See Less
Excellent 5 STAR customer service... See More
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- B Lau88 - Google Review
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Jacaranda finance were amazing they took into account all of my circumstances when other lenders wouldnt. They were easy to contact and keep me up to date at all stages of the easy process. See Less
Jacaranda finance were amazing they... See More
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- R Hay - Google Review
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
See all our FAQs
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.
Jacaranda offers three loan products with varying loan amounts that you could borrow:
- Jacaranda Express Personal Loan: $5,000 to $25,000
- Jacaranda Cash Boost Loan: $2,100 to $4,600
- Jacaranda Car Loan: $10,000 to $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 loan products, visit our rates and fees page.
As Jacaranda is a 100% online lender, you can apply for a rental bond loan from any state/territory across Australia:
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.
A loan with Jacaranda Finance is a flexible option you can use to pay for some of life's biggest expenses: planned or unexpected.
Here are some of the most common reasons our customers take out a loan:
we're here to help
Need a hand?
Our customer service team are here to help.
If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.
