Moving to a new rental property in South Australia? Our Personal Loans can help you pay for rental bonds, moving costs and more.
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 South Australia? Our Personal Loans can help you pay for rental bonds, moving costs and more.
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.
The historical state of South Australia is known for its world-class wineries and vast coastlines. Adelaide, the capital city of SA, is a beautiful coastal city that many people choose to visit or call home.
According to the Domain Rental Report for March 2024, renting in Adelaide is surprisingly not too expensive:
Even with an annual price increase of over 13% (houses), the average rental price in Adelaide is below the capital city average of around $593 per week across Australia.
Though this rent is more affordable than renting in many other states in Australia, rent is still quite expensive and seems to be on the rise, making rental bonds quite costly too…
In South Australia, the maximum bond for residential tenancy agreements is:
To give an idea of how much this could cost, we'll use the median house rent for Adelaide of $525 mentioned above and calculate the bond. Since this is below $800, we’ll multiply it by four, which would result in an average rental bond in South Australia of $2,100.
Some property managers or landlords in SA also ask for two weeks' rent in advance for extra security on top of the bond. This would amount to $3,150 - quite a hefty lump sum, even when splitting between two or more tenants.
To alleviate some of the pressures of moving, consider applying for a Personal Loan with Jacaranda Finance. Our loans range from $3,000 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 to get settled.
See below for more detailed information on rental bonds and Rental Bond Loans in each state/territory.
Are you a renter in South Australia 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 South Australia, tenants pay their rental bond directly to Consumer and Business Services (CBS). The landlord or agent must provide the tenant with a bond lodgement number and details on how to make the payment through the CBS online bond management system.
The rental bond is held by CBS for the entirety of the lease. It acts as security against any potential damage or unpaid rent during the tenancy.
Tenants can access information about the bond via the Residential Bonds Online portal. Once the tenancy ends and there are no claims, the bond is returned to the tenant.
Landlords/proprietors should register a tenant/resident's email address on RBO at the start of a tenancy. Then, CBS will send the tenant/resident an email with a unique link and instructions to activate their online account.
Tenants will be able to:
At the end of your tenancy, the landlord or agent will conduct a final inspection. If the property is in the same condition as when you moved in, aside from fair wear and tear, you can apply to get your bond back through the CBS online system.
Both parties must agree to the bond refund for it to be processed. To avoid a dispute, tenants/residents should:
In South Australia, landlords/proprietors can claim for:
If a landlord and renter cannot agree on how to split the bond, either party can dispute a bond claim. The SA Government encourages the parties to negotiate among themselves first.
If the dispute can't be resolved by negotiation, either party can apply to the South Australian Civil and Administrative Tribunal (SACAT) for resolution.
SACAT will review the evidence and make a determination on how the bond should be divided.
SA.GOV.AU is the main source of information and resources for renters; Consumer and Business Services is the main governing body for renting. You can also see official information on the South Australian Civil and Administrative Tribunal (SACAT) website.
RentRight SA is a free service available to those renting in South Australia. It can help with issues related to tenancy, such as leases, bond disputes, property maintenance, and unpaid rent.
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
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.Our Personal Loans have fixed interest rates and you may use them for a variety of reasons:
