Rental Bond Loans New South Wales

Moving to a new rental property in NSW? With our Personal Loans, you can get help paying for rental bonds, moving costs and more.

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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'

Moving to a new rental property in NSW? With our Personal Loans, you can get help paying for rental bonds, moving costs and more.

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

Why get a Rental Bond Loan with Jacaranda Finance?

A rental bond is a security deposit paid by renters to either the property manager or the landlord at the start of a tenancy agreement. Rental bonds can cost thousands of dollars if they're not split between multiple people and usually need to be paid upfront.

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.

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 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.

What is the 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 March 2024:

  • The average weekly house rent in Sydney was $750
  • The average weekly unit rent was $700
  • The average for both was $725

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 was $630 for houses and $620 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 March 2024 could be $3,000.

If you were to add two weeks' rent in advance to that, which many tenants often need to pay, that figure could rise to as much as $4,500!

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 Personal Loan with Jacaranda Finance…

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.

Please refer to the resources tab at the end for official sources of information on 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. This payment can be made directly to the landlord or agent, who will then lodge it with NSW Fair Trading or through the Rental Bonds Online (RBO) service. You should not be asked to pay a bond until after the lease has been signed.

Your rental agreement should specify the bank details for paying your bond. You can make payments via Visa, Mastercard, BPAY, or bank transfer.

The landlord or agent must deposit the bond with NSW Fair Trading. Once deposited, Fair Trading will send you a deposit notice and a rental bond number, which you should keep for when your lease ends.

At the end of your tenancy, the landlord or agent will inspect the property to ensure it is returned in the same condition as when you moved in. If there are no issues, the bond will be released through NSW Fair Trading and deposited directly into your bank account within 14 days.

You can also claim the bond yourself using the NSW Fair Trading Bond Claim Form or via Rental Bonds Online if that’s how you lodged your bond initially. If you disagree with the final amount offered by your landlord or agent, you can still make a claim.

See also: 10 Tips to Get Your Rental Bond Back.

Did you know that, according to NSW Fair Trading, approximately 25% of tenants don’t get their full bond back when moving out of a rental property?

In addition to any rent you may still owe, the landlord or agent can generally claim the following from the bond:

  • Repairs for damages you, another occupant, or a guest have 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 the 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, as we explore below.

According to the NSW Tenants' Union, if the landlord or agent disputes 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 as possible from before and after your move-in and move-out will help you succeed in your claim.

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. For additional support, 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:

Rates & Fees

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.
Interest Rate
Comparison Rate
Show the What does it mean? modal
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.
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    17.95% to 27.95%
    Comparison Rate
    Show the What does it mean? modal
    32.40% to 42.80%
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or
    Unsecured
    Show the What does it mean? modal
    Unsecured
    Unsecured
    Monthly Fees
    Show the What does it mean? modal
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    Show the What does it mean? modal
    $130 to $990
    $130 to $990
    Risk Fee
    Show the What does it mean? modal
    $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
    Show the What does it mean? modal
    29.30% to 42.80%
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    25 - 48 months
    Secured or
    Unsecured
    Show the What does it mean? modal
    Secured
    Secured
    Monthly Fees
    Show the What does it mean? modal
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    Show the What does it mean? modal
    $130 to $990
    $130 to $990
    Risk Fee
    Show the What does it mean? modal
    $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.

Loan Eligibility Criteria

  • Be at least 19 years of age
  • Be employed on a permanent or casual basis, with consistent income for 90 days
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, & online banking details in your name.
  • Be in control of your current finances and handling existing financial commitments comfortably.

Information you will need to provide:

  • Basic personal information (i.e. full name, address, D.O.B, number of dependants etc.)
  • Employment status & details
  • Your bank statements*

*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.

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Boost Your Credit Score With Jacaranda

Check your eligibility

Worried about being denied a loan? No stress! At Jacaranda, you can check if you qualify without affecting your credit score!

Comprehensive Credit Reporting (CCR)

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.

NSW Rental Bond Loan FAQs

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

A rental bond loan is simply a loan you can use to pay for your rental deposit and any other associated moving costs.

Instead of dipping into your hard-earned savings, a Jacaranda Finance Personal Loan lets you repay the money in manageable instalments starting from 25 months.

A bond is a sum of money paid by a tenant to a landlord or agent before moving into a property. It acts as security against any potential damage or unpaid rent during the lease period. The bond is typically lodged with a government authority, governed by state laws, ensuring fair handling and dispute resolution.

When the lease agreement ends, the bond is refunded to the tenant if there are no outstanding issues. Different rules may apply per state, so we recommend reviewing local legislation for accurate tenancy guidelines.

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

Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.

If you don't meet our initial criteria, your credit score won't be affected.

Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.

We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.

Other lenders will be able to see that you applied for a loan with Jacaranda.

This might impact your credit score.

Review our Privacy Policy for more information.

Repayments on your loan are automatically set up to be deducted via direct debit from your bank account in line with your pay cycle.

You can view your repayments from either the Better Credit app or online portal and contact our friendly customer service team to request any changes that you need.

Download the app on the Google or Apple store today.

Read more: Personal Loan Repayments 101.