Rental Bond Loans Western Australia

Our Personal Loans can help you pay for rental bonds, moving costs and more in WA.

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

Check If You Qualify

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'

Our Personal Loans can help you pay for rental bonds, moving costs and more in WA.

Decorative graphic of a Coin
Borrow $3,000 to $25,000
Decorative graphic of a clock
Same-Day Approval2
Decorative graphic of a calendar
25-36 month terms

Award-winning lender

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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 Western Australia?

As Australia's largest state by land mass, Western Australia offers so much to do and see. Many people choose to live in the state capital, Perth. The gorgeous Western sunsets over the ocean are just one reason almost 2 million people call Perth home.

Perth has seen some massive increases in asking rents in recent years. The Domain Rental Report for March 2024 found the average weekly rental prices in Perth were:

  • $650 for houses ( 18.2% in just one year)
  • $550 for units ( 22.2% in just one year)
  • $600 for both

$600 per week is enough to mean Perth is more expensive than the average capital city, which would cost $593.5 per week.

Unfortunately, these high rents also mean high rental bonds…

How much is a rental bond in Western Australia?

The WA Government states that bonds must not be more than four times the weekly rent unless the weekly rent is more than $1,200 per week. There is no maximum bond amount if the weekly rent is over $1,200.

Using that weekly rental average of $600, we can assume a rental bond worth four times that much. That means in Western Australia, you’d be looking at a typical rental bond of $2,400. This is a hefty amount and doesn't factor in all of the other moving costs.

It also doesn’t factor in an additional two weeks you could be asked to pay rent upfront. If that were to happen, your costs could rise to more than $3,600!

If you need help paying for these costs, consider turning to a rental bond 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.

Rental Bonds in Western Australia: What You Need to Know

If you’re a renter in Western Australia and are unsure about how the bond process works, we've compiled some key pieces of information that may answer your questions.

Please refer to the resources tab at the end for official sources of information on paying a rental bond in WA.

In Western Australia, the Security bond must be lodged with the Bond Administrator at Consumer Protection within 14 days of receipt. All tenants' names must be included on the bond lodgement form to ensure everyone's share is protected. Once lodged, the Bond Administrator will send a record of the security bond payment directly to the tenants. If tenants do not receive this within a month, they should contact Consumer Protection.

Some tenants arrange for the Department of Communities to pay the bond on their behalf. This assistance is a personal loan from the Department to help tenants access the private rental market. Bonds provided by the Department must be managed in the same way as those paid directly by tenants​.

The rental bond is held by the Bond Administrator at Consumer Protection for the duration of the tenancy. It will be refunded at the end of the tenancy, provided no money is owed for rent, damages, or other costs.

The landlord or tenant should make an application for the bond refund within six months of the end of the tenancy agreement.

To get your bond back, ensure the property is kept in good condition. Using a bond cleaner can help if needed. Document the property's condition with an Entry Condition Report and photos at the start of the tenancy to provide evidence in case of disputes.

The bond refund process can be initiated through the BondsOnline system or by submitting a completed bond disposal form.

See also: 10 Tips to Get Your Rental Bond Back.

Landlords or agents can claim the bond for:

  • Unpaid rent
  • Damage to the property beyond normal wear and tear
  • Cleaning costs if the property is not left in a reasonably clean condition
  • Outstanding utility bills or other agreed costs

Claims must be supported by evidence, such as receipts and condition reports.

If the parties do not agree on the terms of the bond refund, they have two options.

  1. Negotiation help - If the landlord and tenant can't come to an agreement about the bond disposal or if a dispute arises over how the bond money should be paid out, it may be able to be resolved by negotiation. WA Consumer Protection offers services to help negotiate a mutually acceptable agreement. Tenants can request assistance via the online complaint form.
  2. Magistrates Court - If it is necessary to seek a court order, a Form 6 Application for Disposal of Bond Money should be completed and lodged online from the Magistrates Court. Either the tenant or the landlord can begin this process.

Once the form is lodged, the court will send a copy to the other party, who has three options:

  • Agree to settle the dispute;
  • Dispute the application by lodging a Form 5 Notice of Intention to Dispute Application for Disposal of Bond Money (from the Magistrates Court) within seven days, when the matter is set down for hearing before a magistrate, or
  • Ignore the notice, the court may then issue an order for the release of the bond after seven days.

If a dispute goes to court at the end of a tenancy, the magistrate will make an order as to how the bond money is to be paid out.

The WA Government’s Department of Mines, Industry Regulation and Safety is the main body for bonds and renters in WA. This department provides an informative guide about your rights and responsibilities as a tenant in WA.

Legal Aid in WA can assist with any form of legal issues about renting in WA.

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
Show the What does it mean? modal
Loan Term
Repayment Cycle
Secured or
Unsecured
Show the What does it mean? modal
Establishment Fees
Show the What does it mean? modal
Monthly Fees
Show the What does it mean? modal
Risk Fee
Show the What does it mean? modal
Comparison Rate Warning*
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    19.95% to 29.95%
    Comparison Rate
    Show the About Comparison Rate modal
    36.11% to 47.50%
    Loan Term
    25 - 36 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or
    Unsecured
    Show the About Security modal
    Unsecured
    Establishment Fees
    Show the About Establishment Fees modal
    $129 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $26 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $1,295
    Comparison Rate Warning*
    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% to 29.95%
    Comparison Rate
    Show the About Comparison Rate modal
    32.99% to 45.50%
    Loan Term
    25 - 36 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or
    Unsecured
    Show the About Security modal
    Secured
    Establishment Fees
    Show the About Establishment Fees modal
    $125 to $1,190
    Monthly Fees
    Show the About Monthly Fees modal
    $26 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $995
    Comparison Rate Warning*
    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.
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    19.95% to 29.95%
    19.95% to 29.95%
    Comparison Rate
    Show the What does it mean? modal
    36.11% to 47.50%
    36.11% to 47.50%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or
    Unsecured
    Show the What does it mean? modal
    Unsecured
    Unsecured
    Monthly Fees
    Show the What does it mean? modal
    $26 p/month
    $26 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    Show the What does it mean? modal
    $129 to $990
    $129 to $990
    Risk Fee
    Show the What does it mean? modal
    $0 to $1,295
    $0 to $1,295
    Comparison Rate Warning* 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% to 29.95%
    16.95% to 29.95%
    Comparison Rate
    Show the What does it mean? modal
    32.99% to 45.50%
    32.99% to 45.50%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or
    Unsecured
    Show the What does it mean? modal
    Secured
    Secured
    Monthly Fees
    Show the What does it mean? modal
    $26 p/month
    $26 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    Show the What does it mean? modal
    $125 to $1,190
    $125 to $1,190
    Risk Fee
    Show the What does it mean? modal
    $0 to $995
    $0 to $995
    Comparison Rate Warning*
    (Personal Loans)
    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.
    Comparison Rate Warning* 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.

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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Boost Your Credit Score With Jacaranda

Check your eligibility

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

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.

WA 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

Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.

If you don't meet our initial criteria, your credit score won't be affected.

Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.

We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.

Other lenders will be able to see that you applied for a loan with Jacaranda.

This might impact your credit score.

Review our Privacy Policy for more information.

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.