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Rental Bond Loans

It’s quick. It’s simple. It’s Quickle.

Anybody who has applied for a rental property in the past knows just how competitive it can be. From standing out from amongst multiple applicants to coming up with potentially four weeks’ worth of rent to put towards a bond, it can be a time of stress for many people.

A rental bond loan may be just what you need to help tide you over as you move between properties, as up-front rental bonds can be tricky to navigate and take many people by surprise, especially as not everyone has a good amount of savings in the bank. Bond loans will allow you to access money to secure a rental property when you may not have the cash to do so otherwise.

At Quickle, housing bond loans work like any other personal loan: you just need to let us know how much money you need, up to $2,000, and we’ll have the money in your nominated bank account within 24 hours. Our loans cost as little as 5% of the total borrowed loan, and can be used to cover the costs of securing a property.

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How Much Should I Be Paying For My Bond?

Before you take out a rental bond loan, make sure you’re not being taken advantage of. Depending on where you live in Australia, the maximum you should be paying for a rental bond is no more than four weeks of rent. If you’re living in shared accommodation, it isn’t uncommon for rental bond to be set at two to four weeks of rent.

Be sure to check your rental laws in your state, however. For example, in Queensland, if the weekly rent on a property is $700 or less, the maximum bond amount is four weeks rent. If the weekly rent is higher than $700, the amount of bond should be negotiated between the property manager (or owner) and tenant.

If you’re moving from one rental property to another, an instant bond loan with Quickle can help you pay bond on your new rental while waiting for your previous bond to be returned from your old rental property. This means that a rental bond loan can be potentially repaid quickly.

Moving House? A Bond Loan Can Help

A housing bond loan can be used for more than just covering the cost of a rental bond. By borrowing up to $2,000 with Quickle, you can cover the cost of a removalist and removal gear (for instance, cardboard boxes) a professional cleaner, or connecting electricity and gas at your new apartment or home. Or maybe you need to purchase some new furniture or appliances for your new rental property – whatever the case, a small personal loan can be just what you need to make your move stress-free and affordable.

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How much can I borrow?

Our easy bond loans range anywhere from $300 to $2,000. Whether you only need a few hundred dollars or need to borrow the maximum amount, Quickle’s personal loans can be applied for at any time of the day from the comfort of your own home. And, if your application is assessed and approved before 5pm AEST (business days only), you will receive your payment on the same day!

Rental Bond Loans

If the principal amount you borrow is between $300 and $2,000, you’ll pay:
Establishment fee: 20% of the principal amount
Monthly loan fee: 4% of the principal a month

Are There Any Fees Involved?

At Quickle, our loans can cost as little as 5% of the loan amount! Total costs will be given to you before you are locked into any contract, so take care to ensure you understand the costs before you agree to any contract. We will carefully outline repayment costs and any other fees to ensure you are confident in borrowing with us.

If you are unable to make repayments for any reason, get in touch with us as soon as possible, and we will work together to find a solution. Please note that repeated missed payments will incur a fee.

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How Do I Apply For A Rental Bond Loan?

Applying for a loan with Quickle is quick, easy and secure. You can apply online or over the phone if you prefer. There’s no tedious paperwork or application process – just let us know how much you would like to borrow, pass on your personal details and contact number, and we’ll take care of the rest.

Can I Apply For A Bond Loan on Bad Credit?

After a bond loan on bad credit? We may be able to help. We understand that all sorts of people fall on hard times, and believe in giving everyone a fair go. The lenders and service providers we work with consider all applications and strive to provide a finance solution that suits your needs, regardless of your credit history or personal circumstances.

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