Rental Bond Loans NSW

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Borrow $5,000 to $25,000
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Same-Day Approval2
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24-48 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 $5,000 to $25,000
Decorative graphic of a clock
Same-Day Approval2
Decorative graphic of a calendar
24-48 month terms

Award-winning lender

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What is a rental bond loan?

A rental 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. As these bonds can be worth thousands of dollars for most available rentals, they can leave a serious dent in your bank account if you pay for them upfront. That's where a rental bond loan comes in.

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 a 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 $5,000 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:

$5,000 to $25,000

Loan Terms:

24 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.

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Average rent in New South Wales

Rental prices in New South Wales are very high, especially in the state's capital Sydney. According to the Domain Rental Report for September 2022, in Sydney:

  • The median house rent is $650 per week (a 14% annual increase)
  • The median unit rent is $550 per week (a 14.6% annual increase)

That's much more expensive than the rest of the country. 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.

Naturally, this makes paying a rental bond in New South Wales quite expensive too...

How much is a rental bond in New South Wales?

According to NSW legislation, the maximum bond a tenant can be asked to pay is equal to four weeks' rent. Using those median rental figures, the typical bond in NSW as of September 2022 could be $2,600 for a house and $2,200 for a unit.

If you were to add two weeks' rent in advance to that, those figures could rise to $3,900 and $3,300 respectively!

That's a huge amount of money for most people to pay upfront, even if they're splitting it between two or more people. When you factor in other costs like moving, buying new furniture, paying for a bond cleaner and more, you could be looking at parting with several thousand dollars.

To alleviate some of the pressures of moving, consider applying for a rental bond loan with Jacaranda Finance. Our loans range from $5,000 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.

Sydney Cash Loans.

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Rental bonds in NSW: What you need to know

Are you a renter in New South Wales 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 New South Wales.

In NSW you can pay the bond as either a lump sum or in instalments (if your landlord agrees) once you've signed a tenancy agreement. You should not be asked to pay a bond until the lease has been signed.

The bank details for paying your bond should be specified in your rental agreement.

The landlord/agent must deposit the bond with NSW Fair Trading. Once it has been deposited, Fair Trading will send you a deposit notice and rental bond number, which you'll need to keep for when your lease ends.

As well as any rent you may still owe, the landlord/agent can generally claim the following from the bond:

  • Repairs (for damages you/another occupant or guest has caused)
  • Cleaning (if the property has not been left reasonably clean)
  • Replacing locks or security devices

For any claim the landlord wishes to make from the bond, they must provide you with the following within seven days of making a claim:

  • a copy of the condition report completed at the end of the tenancy agreement
  • copies of estimates, quotes, invoices or receipts for work they are claiming

A tenant can dispute these claims, which we explore below.

According to the NSW Tenants' Union, if the landlord/agent does dispute your claim, they must apply to the NSW Civil and Administrative Tribunal (NCAT) within 14 days of your submission.

You can do the same if you disagree with the final amount of money they wish to claim. Providing as many photos before/after you moved in and moved out will help you be successful in your claim.

At the end of your tenancy, the landlord/agent will generally inspect the property to ensure it is returned in the same condition it was when you moved in. If there are no issues or disputes, the landlord will (hopefully) agree to release the bond in full, which will be done through NSW Fair Trading and deposited straight into your bank account within 14 days.

You can also claim the bond yourself by using the NSW Fair Trading Bond Claim Form or use Rental Bonds Online (if that's how you lodged your bond at the start). You can still make a claim if you disagree about the final amount your landlord/agent offers.

The NSW Residential Tenancies Act 2010 and Residential Tenancies Regulation 2019 outline all your legal rights as a tenant in NSW, including information about rental bonds. If that isn't enough, the Tenants' Union of New South Wales (TUNSW) is the main advocacy group for tenants in NSW and can provide legal advice, assistance and information to tenants.

TUNSW also recommends the following points of contact:

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.

Our eligibility criteria

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Our eligibility criteria

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.

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
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Rates & Fees

Interest Rate
Comparison Rate
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Loan Term
Repayment Cycle
Secured or Unsecured
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Establishment Fees
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Monthly Fees
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Risk Fee
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Comparison Rate Warning*
  • Unsecured
    Personal Loan
    $5,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    32.40% to 42.80%
    Loan Term
    24 - 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
    $475 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 p/month
    Risk Fee
    Show the About Risk Fee modal
    $140 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
    $5,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    29.30% to 42.80%
    Loan Term
    24 - 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
    $475 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.

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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
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See all our FAQs

NSW rental bond loan FAQs

Need more information? Here are the answers to some of our most frequently asked questions about rental bond loans.

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $5,000 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.

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:

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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.