Renting in Queensland?

Rental Bond Loans QLD

  • Borrow from $2,100 to $25,000
  • Most customers get a same day outcome2 during normal business hours once all information has been provided
  • Flexible and manageable repayments
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880+ Reviews
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1,790+ Reviews
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880+ Reviews

Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

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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. These bonds can leave a dent in your savings if you pay them upfront, as they can add up to thousands of dollars. Combined with the stresses of moving, rental bonds could be the straw that breaks the camel's back.

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 that 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 $2,100 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.

4.9/5
Google Rating
2,660+ Reviews
4.8/5
Word of Mouth
880+ Reviews
4.7/5
Product Review
1,790+ Reviews
4.8/5
Trustpilot
880+ Reviews

QLD Rental Bond Loan Details

Loan Amounts:

$2,100 to $25,000

Loan Terms:

9 months to 48 months

Loan Type:

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.

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.

THE LOAN PROCESS

How does the application process work?

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1. Submit your application

This is done 100% online and it’s fast and simple. If you’re fast with your fingers it could take as little as 5-12 minutes1 to complete, but it could take longer depending on a number of factors such as how fast you are at typing or if you have all the required information on hand.

Alternatively, if you like to take things slow, fill in the application at your own pace from anywhere in Australia on any device as long as you have the internet.

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2. We’ll do a credit assessment

For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day2 during normal business hours. If you pass the credit assessment and we can assist you, we’ll send a loan offer for you to review.

We do not guarantee same-day outcomes for all customers: customers that apply outside of business hours or customers that are required to provide additional information may experience a longer timeframe.

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3. Review your loan offer

Once you have been approved and have accepted our offer by signing your digital contract, we automatically attempt to release the money to your bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds.3

You must have an NPP-enabled bank account. For customers without an NPP-enabled bank account (or the instant payment fails), the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.

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Average rent in Queensland

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

Based on the Domain Rental Report for September 2022, renters in Brisbane can expect to pay a pretty penny in rent:

  • The median house rent is $550 per week (a 22.2% annual increase)
  • The median unit rent is $460 per week (a 12.2% annual increase)

Compared to the rest of the country, renting in the Sunshine State is more slightly expensive depending on whether you live in a house or a unit. Domain reported that the median weekly rent across the combined capital cities in September 2022 was $530 for houses and $490 for units.

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 for leases $700 or less per week, the maximum bond amount is four weeks of rent.

If the weekly rent exceeds $700, the bond amount should be negotiated between the landlord, agent and tenant. Queensland's renting laws give no maximum amount where the weekly rent is higher than $700.

Using the median figure above of $550 per week, the typical rental bond would amount to $2,200 for a house. Many lessors also ask for two weeks of rent on top of the bond, which calculates to be an average of $3,300 - quite a hefty lump sum especially when you factor in the stresses of moving.

For help paying for these costs, consider turning to a rental bond loan with Jacaranda Finance. Our loans range from $2,100 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.

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Rental bonds in QLD: 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 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.

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.

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.

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.

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.

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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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Why you'll love dealing with Jacaranda

At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.

Here are some other reasons our customers love us:

  • We've been providing finance to hardworking Australians for nearly 10 years. We've already helped over 50,000 customers and we have thousands of positive reviews.
  • Get started with an application and be done in as little as 5-12 minutes1 or once you've started an application come back and pick up where you left off in your own time. The application time varies per customer and it might take you longer.
  • Our smart technology allows us to get back to you with a fast outcome. Most applicants get a same-day outcome once the application is completed2 during normal business hours.
  • If you accept our loan offer by signing your digital contract the funds are usually in your bank account and ready to use within 60-seconds3 if you have a New Payments Platform (NPP) enabled bank account. If you don't, your funds are usually available overnight.
  • Our friendly and respectful Australian-based customer service team are here to help you. Existing customers can log into the self-service customer portal, 24/7, 365 days per year.
  • Anyone unsatisfied with their loan for any reason, and who still has the funds, can return the money within a 48-hour cooling-off period and cancel their loan. Simply contact our customer service team.

Don't just take our word for it

We strive to offer superior customer service - our Australian-based teams are friendly, personable and helpful and most of the time the first person you deal with can assist with your query. We're open on Saturdays too!

Don't believe us? Check out what scores of happy previous Jacaranda customers have had to say below!

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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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Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

See all our FAQs

QLD rental bond loan FAQs

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

Jacaranda offers three loan products with varying loan amounts that you could borrow:

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:

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.