Need help covering your rental bond in the Northern Territory? Jac's got your back with our fast online Personal Loans.
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'
Need help covering your rental bond in the Northern Territory? Jac's got your back with our fast online Personal Loans.
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. Combined with the stresses of moving, rental bonds could be the straw that breaks the camel's back for a lot of tenants.
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.
Famed for its gorgeous outback scenes and amazing national parks, the Northern Territory is a beautiful part of Australia to call home. The state's capital, Darwin, is sitting right at the top.
Asking rents in Darwin are surprisingly high. The Domain Rental Report for March 2024 found the average weekly rental prices in Darwin were:
$600 per week is enough to make Darwin more expensive than the average capital city, which would cost $593.5 per week. That means paying a rental bond when moving to a new property can add up.
In the NT, a bond is equivalent to four weeks of rent.
Using the median weekly rent of $600 in the NT, a typical rental bond (4 weeks of rent) would be $2,400. Some landlords and agents will also ask for another two weeks of rent in advance on top of the bond, which could amount to over $3,600! And that's before even factoring in other expenses like removalists, buying new furniture, paying for a cleaner and more.
For help paying for these costs, consider turning to a Rental Bond Personal Loan from $3,000 - $25,000 with Jacaranda Finance.
See below for more detailed information on rental bonds and Rental Bond Loans in each state/territory.
Are you a renter in the Northern Territory and unsure about how the bond process works? We’ve compiled some key pieces of information to answer your questions.
Please refer to the resources tab at the end for official sources of information on paying a rental bond in the Northern Territory.
Tenants in the Northern Territory typically pay their security bond directly to the landlord or real estate agent. The bond can be a maximum of four weeks' rent.
If paid by cash, cheque, or credit card, the landlord must issue a receipt immediately. For electronic transfers, a receipt is not required, but tenants should keep transaction records.
Unlike other states, the Northern Territory does not have a central bond authority. Instead, landlords and real estate agents must hold the bond in a trust account. The landlord or agent is responsible for managing the bond until the end of the tenancy.
To get your bond back, ensure the property is kept in good condition. At the start of the tenancy, it’s advisable to document the property's condition with an Entry Condition Report and photos.
Either party can request a bond refund at the end of the lease. If there are no disputes, the bond should be returned promptly.
Landlords or agents can claim the bond for:
Claims must be supported by evidence such as receipts and condition reports.
If there is a dispute over the bond, the matter can be taken to the Northern Territory Civil and Administrative Tribunal (NTCAT) for resolution. Both landlords and tenants can apply to NTCAT if they cannot agree on the bond refund.
The main body for renting in the NT is Consumer Affairs. Another great source of information regarding renting in the Northern Territory is the NT Government website.
From a legal and advocacy perspective, Darwin Community Legal Service has some great information about renting.
You can check if you qualify initially if you aren’t sure whether you're eligible. This won’t impact your credit score.
Information you will need to provide:
*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.
Worried about being denied a loan? No stress! At Jacaranda, you can check if you qualify without affecting your credit score!
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.
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:
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.
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.
