Need help covering your rental bond in Tasmania? Jac's got your back with our Personal Loans.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
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.
Full of expansive landscapes and scenic treasures, Tasmania is a gorgeous spot to visit. Sometimes, visitors will stay a little longer and decide to settle down there. The state's capital is full of gems, and it's no wonder over 250,000 people call Hobart home.
According to the Domain Rental Report for March 2024 , rent in Hobart can be quite high:
This means Hobart is actually one of the more affordable capital cities, as its average weekly rent is well below the average across each of the capital cities ($593).
However, that doesn’t mean it’s cheap, and moving to a new rental property can still be really expensive.
In Tasmania, a bond cannot legally be more than 4 weeks' rent and cannot be increased during the tenancy. If an owner charges more than 4 weeks' rent for the bond, they could face a fine.
Using the average weekly rent figure of $505 for both units and houses, the typical rental bond could set you back $2,020.
Add in an extra two weeks’ rent you could also need to pay upfront as a deposit, and that figure jumps to $3,030!
This can be quite a dent in your savings when you consider all the other costs and stresses of moving.
If you need help with these costs, consider turning to a Jacaranda Finance Personal Loan. Our loans range from $3,000 all the way up to $25,000.
See below for more detailed information on rental bonds and Rental Bond Loans in each state/territory.
Are you a renter in Tasmania 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 Tasmania.
Tenants in Tasmania have three options when paying their rental bond:
In Tasmania, the Rental Deposit Authority (RDA) holds all rental bonds. Either the owner/agent or tenant can start the claim process when claiming a rental bond back.
An owner or agent must:
A tenant can claim the bond if:
To get your bond back, ensure the property is kept in good condition, especially near the end of your tenancy. Using bond cleaners can help. Additionally, documenting the condition of the property with an Entry Condition Report and photos can provide evidence in case of disputes. You can claim your bond back through the MyBond portal once the tenancy ends
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 clean.
Landlords or agents can claim the bond for various reasons, including:
Owners must provide the tenant with a list of reasons for the claim. According to section 53 of the Residential Tenancies Act 1997, the property must be returned in the same condition as it was at the beginning of the tenancy, apart from 'reasonable wear and tear'.
Claims are assessed individually by the Commissioner. To find out more about what can and can't be claimed, visit the CBOS website.
If a bond claim is disputed, tenants have 14 days to respond in MyBond or to the RDA. If unresolved, the dispute is referred to the Residential Tenancy Commissioner, who will assess the evidence and issue a Determination on the bond payment. Both parties have seven days to appeal the decision before the bond is paid out.
For more on disputing a bond claim, visit the Tenants' Union of Tasmania.
The main two bodies for renting in Tasmania is CBOS and Service Tasmania. These organisations are governed by the Residential Tenancies Act 1997.
The union for renters in Tasmania is Tenants' Union of Tasmania. This organisation not only provides helpful resources, they also provide free legal advice, representation and education, as well as advocating for the improvement of tenants' rights.
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.
A personal loan is a fixed-term loan that allows you to borrow a set amount of money and repay it through regular instalments. Our online application process is designed to be fast and straightforward. Repayments remain consistent throughout the loan term so you can plan your budget with confidence.
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By submitting a full application for a personal loan, you are authorising a hard credit check. This means that other lenders will be able to see that you applied for a loan and could impact your credit score. Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score*. This is called a soft credit check, and is only visible on your credit report to you.
How to check if you qualify for a secured personal loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
No, checking if you qualify uses a “soft” credit check meaning it does not impact your credit score or appear on your credit file to anyone but you. We recommend checking your eligibility before applying for a loan where possible to reduce the number of applications on your credit report.
To be assessed for a loan from Jacaranda Finance, you must meet the following basic eligibility criteria:
If you are unsure whether you’re eligible, you can check if you qualify with no impact on your credit score*.
We offer two main products at Jacaranda Finance:
For detailed information about who our products are designed for, please review our Target Market Determinations. Our Loan Repayment Calculator and our guide to Jacaranda Finance’s interest rates & fees could help you to predict your repayments before applying.
Using our loan repayment calculator you can estimate your repayments before applying.
Missed Payment Fees
For every missed payment, a fee will be applied. This cost is added to the account balance and can be paid with the next repayment cycle. If you’re concerned you’ll miss a repayment before the next due date, please contact our customer support team as soon as possible.
You can pay your loan back at any time at no extra cost. That means no early exit or payout fees.
Once you’ve been approved and have accepted your loan contract, we’ll automatically attempt to release the money to your account. Most customers get paid in 60 seconds3.
Jacaranda Finance's Express Personal Loan product is typically suited for larger expenses, such as:
$3,000 - $25,000
