Rental Bond Loans Northern Territory

Rental bonds in the Northern Territory work a little differently from other states and territories. Instead of having a central bond authority, the bond is paid directly to the landlord/agent. Whoever receives the bond money must provide the tenants with a receipt showing the following:

• date received
• name of tenant/tenants who paid the deposit
• amount paid by the tenant or each tenant
• rental property address.

If a tenant in the NT has paid their rental bond to a real estate agent, it will be placed in a tenancy trust account. The private landlord must hold the security deposit in trust. Tenants can write to their landlord to ask for the name of the account that holds the bond.

At the end of the tenancy, the landlord/agent must return the security deposit within seven business days of the tenants vacating the premises.

Suppose by the end of the tenancy, the landlord/agent decides to withhold the bond for things such as unpaid rent, damages, cleaning, electricity or gas.

In that case, they must advise the tenant in writing within seven business days after the tenants have vacated the rental. The notice must be accompanied by copies of receipts or quotes proving the costs the landlord wants to claim.

If the landlord/agent notifies the tenants of the bond claim, and the tenants do not agree with the reasons, the tenants are advised to first and foremost discuss the matter with their landlord/agent. If the parties don’t come to a resolution, they can call Consumer Affairs on 1800 019 319 for further advice.

In the NT, there are a few things you can do to avoid having problems with the refund of the entire bond money at the end of the tenancy.

The landlord may give you a signed condition report within three days of moving into the property. The report describes the condition of the place you are renting at the start of the tenancy, and it will be used again at the end of the tenancy to check if the property has been left in the same condition as it was at the beginning.

Make sure you note on it any damage, faults or repairs that are needed and remember to sign and return the condition report to the real estate agent within five days of receiving it.

If the landlord returns the condition report with any changes initialled within five business days, the report is taken to be accepted. It is also taken to be accepted if the condition report is not returned.

• Take photographs of faults/repairs that you think may cause a dispute later.
• Look after the place and leave it in the same condition as when you moved in (fair wear and tear excepted).

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.

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:

• SA Rental Bond Loans
• QLD Rental Bond Loans
• NSW Rental Bond Loans
• VIC Rental Bond Loans
• TAS Rental Bond Loans
• ACT Rental Bond Loans
• WA Rental Bond Loans
• NT Rental Bond Loans

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:

• Holidays & travel
• Rental bonds
• Buying furniture or white goods
• Car repairs
• Debt consolidation
• Medical & dental bills
• Vet bills
• Home improvements & renovations
• Weddings
• Buying a car