Renting in Western Australia?

Thinking about renting in Western Australia? Let's talk rental bonds.

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Borrow $3,000 to $25,000
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Same-Day Approval2
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25-48 month terms

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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'

Thinking about renting in Western Australia? Let's talk rental bonds.

Decorative graphic of a Coin
Borrow $3,000 to $25,000
Decorative graphic of a clock
Same-Day Approval2
Decorative graphic of a calendar
25-48 month terms

Award-winning lender

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What is a Rental Bond Loan?

A rental bond is a form of the 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.

That's why 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 $3,000 all the way up to $25,000.

See below for details on how applying for our Rental Bond Loan is quick and easy, or apply here if you're ready to get started.

Loan Details
Loan Amounts:

$3,000 to $25,000

Loan Terms:

25 months to 48 months

Loan Type:
Show the About Security modal

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.

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 our loan application process has been perfected over time to be as simple and quick as possible.

Gold warm sun light litting CBD of Perth city as seen from Kings park with green trees and highway entering the city.

Image via zetter on iStock

Average rent in WA

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

According to the Domain Rental Report for the September 2022 quarter, in Perth:

  • The median house rent is $500 per week (an 11.1% annual increase)
  • The median unit rent is $420 per week (a 10.5% annual increase)

How much is a rental bond in WA?

In Western Australia, the rental bond 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 median weekly rent of $500 for a house rental in Western Australia, you could be expecting to pay $2,000 for a rental bond. This is a hefty amount, and doesn't factor in all of the other moving costs.

For 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 easier.

Perth Cash Loans.

Gold warm sun light litting CBD of Perth city as seen from Kings park with green trees and highway entering the city.

Image via zetter on iStock

Rental bonds in WA: What you need to know

Are you a renter in Western 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 WA.

The security bond must be lodged with the Bond Administrator (Consumer Protection) until the end of the tenancy.  If more than one person has paid the bond, the names of all the parties must appear on the lodgement form to protect everyone’s share. The Bond Administrator will send a record of payment of the security bond directly to the tenant/s.

Some tenants will arrange for the security bond to be paid to the owner (or agent) on their behalf by the Department of Communities. This money is a personal loan from the Department of Communities to the tenant to help them rent in the private sector. A security bond provided by the Department of Communities must be dealt with like any other person's bond.

The bond money is held with the Bond Administrator through BondsOnline. This is through the Western Australian Government's Department of Mines, Industry Regulation and Safety.

At the end of the residential tenancy agreement, the bond should be refunded to either the tenant or the landlord, depending on whether the tenant has breached the terms of the agreement.

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

In WA, a tenant is responsible to ensure the property is left at the end of the tenancy in a similar condition to how it was at the start of the tenancy, taking into account fair wear and tear. This can be seen through the condition reports.

The tenant is responsible for the cost of repairing any damage to the rental property throughout their tenancy. These costs can be claimed from the bond if the tenant agrees.

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.

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.

Another way to help you get your bond back is your condition reports. 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 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.

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.

Rental Bond Loan Rates & Fees

Interest Rate
Comparison Rate
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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
    17.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    32.40% to 42.80%
    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
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 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.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or Unsecured
    Show the About Security modal
    Secured
    Establishment Fees
    Show the About Establishment Fees modal
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 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.
Interest Rate Comparison Rate
Loan Term Secured or Unsecured
Monthly Fees Repayment Cycle
Establishment Fees Risk Fee
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    17.95% to 27.95%
    Comparison Rate
    32.40% to 42.80%
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or Unsecured
    Unsecured
    Unsecured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $0 to $995
    $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.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    14.95% to 27.95%
    Comparison Rate
    29.30% to 42.80%
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    25 - 48 months
    Secured or Unsecured
    Secured
    Secured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $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.

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WA Rental Bond Loan FAQs

Need more information? Here are the answers to some of our most frequently asked questions about Rental Bond Loans in Western Australia.

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $3,000 and $25,000. 

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

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.

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