Home > Rental Bond Assistance – Apply for Bond Loans With Jacaranda Online!
Rental Bond Assistance – Apply for Bond Loans With Jacaranda Online!
How can Jacaranda help with bond assistance?
If you’re looking for a helping hand with your bond, you’re certainly not alone. In these ever-changing times, more and more Aussies are looking for bond assistance options to help cover their rising expenses. Fortunately, Jacaranda Finance can provide fast personal loans of $300 to $10,000 to cover the cost of your rental bond. Better yet, our online application takes only a few minutes to complete, and if approved, you could have your cash in just 60 seconds!* So, if you need bond assistance quick-smart, apply with Jacaranda today for a fast outcome.
What is a rental bond?
If you’re approved for a rental property, you’ll have to pay your ‘bond’ before you can move into your new home. A rental bond is like a security deposit for the property owners, it protects the condition and value of their asset. Your deposit is held for the duration of your tenancy and paid back when you move out. If you damage the property during your time living there, then some (or all) of the deposit may be used to cover the repairs when you move.
Do you have to pay bond upfront?
Rental bonds may vary, but generally – yes. Your bond is usually between one and four weeks worth of rent. If you don’t have enough cash to cover the cost of your bond upfront, one option to consider is a personal loan. Personal loans are one of the quickest ways to access finance you need, when you need it most.
Jacaranda Finance is a trusted online lender that’s been providing fast, secure cash loans to Aussies for years. We can provide personal finance options up to $10,000 to cover a wide range of expenses, including your bond! So, if you need help with bond assistance, we could be the lender you’re looking for.
How can I get bond assistance?
If you need help covering your bond, there are a few different financial options you can turn to for help. One option is your state government. Local governments typically provide bond assistance schemes to people who meet strict eligibility requirements. As a result, they can be difficult to qualify for and may take longer to process.
Another option is to take out a personal loan. Lenders like Jacaranda can provide fast loans of up to $10,000 to cover the expense of your rental bond. Our online application makes it easy to apply and our fast outcomes mean you could get your cash in record time!
Can anyone get a bond loan?
We can provide personal loans to a wide range of people looking for bond assistance. To be eligible, there’s just a few criteria you’ll need to meet first. These include:
- Be over 18 years of age
- Hold Australian citizenship or permanent residency
- Receive a regular income to a personal bank account for at least 90 days
- Have a direct contact number
If you can fulfil these requirements, then you’re ready to start your application!
How long does bond assistance take?
At Jacaranda, we’ve streamlined our application process to ensure speedy outcomes for our applicants. When you apply with us during business hours, we could have an outcome for you within 60 minutes of receiving your application! If we’ve approved you for a loan, we’ll then send through an agreement for you to read, sign, and return to us.
Once we’ve got your signed application, we’ll transfer the funds instantly to your bank account. Most of our customers see their cash in their account within 60 seconds! If your bank doesn’t have NPP-enabled payments though, it may take longer for you to receive your money. So, make sure you check with your bank for accurate transfer times.
Government schemes to consider
If you’re unable to apply for a loan, you may still be eligible for financial assistance from your local government. Most state governments offer bond assistance schemes to people that can’t afford to pay their rental bond upfront. Terms and conditions vary from state to state so you will need to refer to your local government website for further information.
These are the current rental assistance schemes available in each state:
Can Centrelink pay for my bond?
If you’re receiving regular payments from Centrelink you may be able to use these to cover your bond. However, it really comes down to how much you’re receiving week to week. Rental bonds aren’t cheap and will likely take a sizable chunk out of your Centrelink payments. As a result, you should make sure to consider all your options before you make a call.
COVID-19 rental bond assistance
The COVID-19 outbreak has left many Aussies out of work and struggling financially. As a result, some state governments have released new grants and loan schemes to help those affected with their rent and bond payments. If you think you might be eligible for one of these, head to your local state government’s website. With information constantly changing around the virus and the financial help available, it’s your best resource for up to date information.
Which option is right for me?
Ultimately, deciding which option is best for you comes down to your personal circumstances. The Jacaranda team is here to help with any question you may have about our loans but, at the end of the day, we’re not financial advisers. So if you’re ever unsure, we recommend you seek out a qualified professional for guidance.
Find out more
Jacaranda Finance can provide loans to cover a wide range of expenses outside of rental bonds. Our loans can also be used to cover travel costs, car repairs, medical bills, veterinary fees, and more!
If you’d like to see if we could help you access the finance you need today, apply now! It’s free to submit an application and our friendly team will be in touch soon with an outcome.
*Most approved applicants have their money in their bank account and ready to use within 60 seconds once they have accepted their digital contract.
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