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More Information About Bond Loans

How does the 21 days interest-free work? 

If you pay the entire bond loan back within 21 days since it was funded, we will reverse all your fees and interest for this loan. You can also benefit from reduced fees and charges if you make a part payment within the first 21 days. 

For example, if you take out a $2,000 bond loan, and repay $1,000 back within 21 days of it being funded, you will only pay the costs associated with a $1,000 loan. (I.e. your fees will be reduced by half and you will receive a rebate.) 

How much do I have to pay in the first 21 days? 

You just have to make the minimum repayments as per your contract. If you want to take advantage of the 21 days’ interest-free period, either make a full payment to have all interest and fees reversed or a part payment to have some interest and some fees reversed.

What if I haven’t found a house yet?

That’s ok! We can leave your application open and offer a pre-approval of up to 14 days in advance. Just stay in touch and communicate what’s going on so we can help. 

How long can I be approved for?

Our current pre-approval stage lasts 14 days, after this, we will need to complete a new assessment. This means you will need to provide updated bank statements through our online service again.

When will I get an outcome?  

We strive to give our customers an outcome within 1-2 business days from their application. However, if you opt to not submit bank statements during your initial application, we won’t begin assessment until they are provided. 

What will my repayments be?  

Our loan repayments vary depending on the loan amount, the loan term and the interest rate. You can use our loan calculator as a guide, however, because we tailor our rates to your unique credit profile, we will not be able to confirm any repayments until your assessment is complete. 

What are the interest rates? 

We understand you’d like to know the expected costs before you go forward, which is why we’ve put everything you need to know about the interest rates, terms, fees and more below. 

Amount Loans 
Amount Loans 
Amount Loans 
Loan Amounts  $300-$2,000  $2,050-$5,000  $5,050-$10,000 
Average Term  1 – 12 months  6 – 24 months  9 – 36 months 
Typical Establishment Fee  $18 – $400  $375– $771  $536 – $795 
Monthly Fee  $6 – $80  $8 – $9  $10 – $11 
Interest Rate Per Annum (APR) *  N/A  9.90% – 29.90%  15.92% – 25.90% 
Comparison Rate **  30.23% – 73.06%  30.63% – 64.52%  21.65% – 33.80% 

*For our loans of $300 to $2,000 an APR (Annual Percentage Rate) does not apply. For loans above $2,000 maximum APR is 48%.
**All prices are indicative for an unsecured personal loan and fees and charges are payable. WARNING: The comparison rate is true only for the example loan amount and term selected 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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Are you eligible to apply?

  • I am 18 years or older
  • I have not entered into bankruptcy or part 9 agreement within the last 6 months
  • I am willing to provide my Bank Statements online
  • My income is not solely from Centrelink
Please note: Bank statements can only be submitted via our secure online service.