Rental Bond Loans Queensland

Moving to a new rental property in Queensland? Our Personal Loans can help you pay for rental bonds, moving costs and more.

Borrow $3,000 to $25,000
Same-Day Approval2
25-36 month terms
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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'

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Why get a Rental Bond Loan with Jacaranda Finance?

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.

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 Queensland?

Queensland is home to many fantastic things, including gorgeous beaches, fun theme parks, spectacular rainforests, and, of course, Jacaranda Finance! So, what's the cost of renting where these beautiful things are?

According to the Domain Rental Report for March 2024, renters in Brisbane can expect to pay a pretty penny in rent:

  • The average weekly rent for houses was $620
  • The average weekly rent for units was $590
  • The average weekly rent for both was $605

That’s an increase of around 14% over just one year!

Brisbane is actually the third-most expensive capital city for renters, behind only Sydney and Canberra, and is above the average weekly rent of $593 across all capital cities.

With rents in Brisbane continuously rising, paying a rental bond at the start of a new lease is getting more and more expensive...

How much is a rental bond in Queensland?

For general tenancies, Queensland legislation—administered by the Residential Tenancies Association (RTA)—states that the maximum bond amount is four weeks of rent for leases of $700 or less per week.

If the weekly rent exceeds $700, the bond amount should be negotiated between the landlord, agent, and tenant. Queensland's renting laws do not provide a maximum amount where the weekly rent is higher than $700.

Using that median weekly rent figure of $605, the typical rent bond would amount to a hefty $2,420. Many lessors also ask for two weeks of rent on top of the bond, which calculates to be an average of $3,630!

If you need help paying for these costs, consider a Personal Loan with Jacaranda Finance. Our loans range from $3,000 to $25,000, which could be more than enough to pay your bond, moving costs, and anything in between.

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Where Else Can You Get a Rental Bond Loan?

Below is more information on rental bonds in each Australian state/territory and how to get a personal loan for these costs.

Rental Bonds in Queensland: What You Need to Know

Are you a renter in Queensland 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 Queensland.

There are three options the Residential Tenancies Authority (RTA) provides for tenants paying their rental bond:

  1. Pay your bond directly to the RTA through their Online Bond Lodgement service. This notifies the property owner/manager and sends them an Acknowledgement of Rental Bond from the RTA.
  2. Pay your bond to your property manager/owner. If this occurs, the person or agency receiving the funds must provide a receipt to the tenant immediately and lodge the bond within 10 days via the same web service listed in option one.
  3. The property manager/owner can post a completed paper copy of the Bond Lodgment form to the RTA alongside a cheque or money order.

The bond money is held with the RTA for the entirety of the lease. The bond will then be paid back when the tenant vacates the rental, provided no money is owed for rent, damages to the property or other costs.

Did you know that around 120,000 tenants in Queensland have unclaimed bond payments? According to the RTA, these are worth a whopping $56 million, or around $465 on average.

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 cleaning.

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.

Read More: 10 Tips to Get Your Rental Bond Back.

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
  • Leaving the place in a worse condition than when the tenancy started (with the exception of fair wear and tear)

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

If any of the involved parties do not agree on how the bond will be refunded, they can submit a refund of rental bond form without the other party's signature.

The RTA will then:

  • Release any undisputed amounts
  • Hold any disputed amount/s, and
  • Send a Notice of claim to the people who did not sign the refund form. They will have 14 days to dispute the bond claim.

If the party that has received the Notice of Claim chooses to dispute the claim, they will need to submit a Dispute resolution request form to the RTA.

Visit the RTA website to learn more about this process and what follows the resolution request.

Key changes to Queensland rental laws as of 2024 include:

  • Rental bond roll-over scheme: Allows bonds to be transferred between tenancies. A bridging bond loan product will assist eligible households with the upfront cost of a new bond, pending the release of their old bond.
  • Rent bidding ban: Bans on rent bidding and acceptance of higher rent offers with penalties enforced.
  • Rent increase frequency: Tied to the property instead of the tenancy.
  • Minimum housing standards: Effective 1 September 2023 for new tenancies and 1 September 2024 for all tenancies, these standards ensure rental properties are safe, secure, and functional.
  • Code of Conduct: New code for the rental sector to ensure professional practices.

For a detailed summary of these reforms, visit the RTA's rental law changes page.

The Residential Tenancies Authority is the Government arm for everything surrounding renting. The RTA administers the Residential Tenancies and Rooming Accommodation Act 2008 and the Residential Tenancies and Rooming Accommodation Regulation 2009.

The RTA provides plenty of resources around renting, including the Rental Bonds Fact Sheet.

If you would like to talk to someone outside of the Government about your renting situation, the official tenancy union in Queensland is Tenants Queensland.

Our 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
Loan Term
Repayment Cycle
Secured or
Unsecured
Establishment Fees
Monthly Fees
Risk Fee
Comparison Rate Warning*
  • Car Loan
    $10,000 - $25,000
    Interest Rate
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 48 months
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Secured or
    Unsecured
    Secured
    Establishment Fees
    $950 - $1,190
    Monthly Fees
    $26 p/month
    Risk Fee
    $585 - $995
    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.
  • Unsecured
    Personal Loan
    $3,000 - $10,000
    Interest Rate
    27.95% - 29.95%
    Comparison Rate
    44.50% - 46.50%
    Loan Term
    25 months
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Secured or
    Unsecured
    Unsecured
    Establishment Fees
    $13.50 - $950
    Monthly Fees
    $26 p/month
    Risk Fee
    $0 - $325.50
    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
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 36 months
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Secured or
    Unsecured
    Secured
    Establishment Fees
    $125 - $1,190
    Monthly Fees
    $26 p/month
    Risk Fee
    $0 - $995
    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.
  • Car Loan
    $10,000 - $25,000
    Interest Rate
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 48 months
    Secured or
    Unsecured
    Secured
    Monthly Fees
    $26 p/month
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Establishment Fees
    $950 - $1,190
    Risk Fee
    $585 - $995
    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.
  • Unsecured
    Personal Loan
    $3,000 - $10,000
    Interest Rate
    27.95% - 29.95%
    Comparison Rate
    44.50% - 46.50%
    Loan Term
    25 months
    Secured or
    Unsecured
    Unsecured
    Monthly Fees
    $26 p/month
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Establishment Fees
    $13.50 - $950
    Risk Fee
    $0 - $325.50
    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
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 36 months
    Secured or
    Unsecured
    Secured
    Monthly Fees
    $26 p/month
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Establishment Fees
    $125 - $1,190
    Risk Fee
    $0 - $995
    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.

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.
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:
  • Basic personal information (i.e. full name, address, D.O.B, number of dependants etc.)
  • Employment status & details
  • Your bank statements*: we will assess the last 12 months of your bank statements to help determine if you can afford to repay your loan.

*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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    Super easy and fast system, applying was seamless and money was instant!
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    I found jacaranda after a few other places wouldn't even look at my application, there process was pretty quick, got a response almost immediately and a good deal! Can't ask for much more, would use again and recommend.
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    Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.
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    Brilliant service and quick action during application process the best there can be when it comes to quick loans.
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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 !
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Boost Your Credit Score With Jacaranda

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    Check your eligibility

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

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    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.

  • Group-39960-1 (1)
    Check your eligibility

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

  • CCR
    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.

  • QLD 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:

    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

    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.