Bond Loans

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Secure your next rental with a Bond Loan from Loansmart!

So you’ve found the perfect place to move into but don’t have enough to pay for the bond. Not to mention the extra you need to cover rent advances and moving costs – it all adds up for sure.

Loansmart’s Bond Loans can help you secure that new home, and cover additional costs. 

Moving is stressful enough, so our application process is easy. In fact, you can typically complete our online application in a few minutes. If approved, the money can be in your account in a matter of hours on any given business day.

 With Rental Bond Cash Loans from us you can get –

  • Rates between 9.95%* – 35.50%
  • Easy, 3-minute application process
  • Same day approval and payment*
  • Bond Loan terms of 6 months – 10 years
  • Unsecured Loans and Secured Loan options 

What Is A Rental Bond?

A rental bond is a one-off payment made at the start of a tenancy agreement. The amount often equates to between two – four weeks rent. Landlords have a legal obligation to lodge the bond with Tenancy Services. It is used to cover: 

  • Unpaid rent
  • Damage to the property; or
  • Any claim(s) relating to the tenancy.

Tenants who have looked after the house, paid rent in full, and paid any amounts owing should get a refund of their bond when the tenancy ends.

What Is A Rental Bond Loan? 

Rental Bond Loans are a type of Personal Loan taken out to cover urgent costs such as rent advances and bonds. A Bond Loan is a type of Emergency Loan or Quick Loan, often processed the same day or next. You can also use a Bond Loan to cover additional expenses of moving such as packing equipment, trailer hire and moving companies.  

Be sure to tell us when you get paid, so we can time your loan repayment to the same time. Meeting your monthly rent payments on time is a great way to build up your credit score. This doesn’t just relate to loans, but any bills like power, internet and rent. 

How Much Money Will I Need To  Borrow?

Tenancy Services have a handy online market rent tool that can tell you the average weekly rent and bond amount for the area you live in. It also tells you lower and upper amounts, so you know how much to plan for.

Try it by typing in your suburb. 

Can I Use A Rental Bond Loan To Cover Other Expenses?

Quite possibly. We often find that clients need to borrow extra to cover the cost of furniture and appliances. Especially if previous co-tenants move on. As is often the case in shared tenancy arrangements, each person contributes to the furniture and appliances, and so replacing items is necessary at the start of new tenancies. You can get a lump sum payment up to $50,000 unsecured; although most people find a few thousand dollars is enough. 

How Do I Apply For A Bond Loan?

We know moving house can be very stressful. That’s why our easy online application form can be completed within a couple of minutes from any device. In most cases approval only takes 1-2 hours and the payment will be deposited into your account the same day. 

What Information Do I Need To Provide for a Bond Loan?

A copy of your drivers licence or passport, so we can identify you. You also need to provide us with access to your last three months’ bank statements. There is no need to print out, scan and email them to us. Instead, we’ll provide you with a secure link that will grant us access to your statements electronically. 

Can I Apply For A Commercial Rental Bond Loan?

Yes! If you’re in business and looking to move into a new commercial property, we can also help in these circumstances. Whatever you need, apply online and let’s see what we can do for you.


We can help you get an online loan for emergency costs, such as:

  • New bond payments
  • Rent advances
  • Moving costs
  • New furniture and appliances

Here’s a few basic tips on residential tenancy bonds

Tenants and landlords should do a thorough property inspection together at the start of the tenancy. They should then complete and sign the property inspection report, which is part of the tenancy agreement. They should also complete and sign the bond lodgement form if the landlord is charging a bond.

If you’re a landlord you must:

  • Lodge the bond within 23 working days of receiving it. Not doing this is an unlawful act and you could be required to pay a penalty.

If you’re a tenant you should:

  • Contact your landlord to check the bond has been lodged (if you don’t receive a letter within six weeks confirming your bond has been lodged).
  • Budget for the bond payment being four weeks’ rent (although it might be less).

What is the maximum amount that can be charged for a bond?

A bond can be up to the equivalent of 4 weeks’ rent. Other forms of security are not allowed, but a landlord may ask for a guarantor’s agreement.

Can a landlord increase the bond partway through a tenancy agreement?

If the landlord increases the rent they may ask the tenant to pay an additional bond in line with the increase.

For example: the tenant has paid a bond equivalent to 3 weeks’ rent and weekly rent goes up by $10 – this means the landlord can request an extra $30 to be paid to the bond.

You must lodge the extra bond with the rest of the bond by completing a bond lodgement form.

If the rent decreases and the total bond is now more than 4 week’s rent, the tenant can apply to have the extra bond refunded.

Getting a bond refunded 

The people who sign the bond refund form must be the same as the people who signed the bond lodgement form. If these signatures do not match there may be delays in refunding the bond.

For more information on bonds, read Tenancy Services helpful guide.