What is a housing bond loan?
A housing bond loan, or a rental bond loan, is a short term loan designed to assist with the cost of a housing bond. However, a bond loan with Fair Go Finance can help you with anything to do with moving, such as:
- Paying your rental bond
- Buying furniture or whitegoods for your new home
- Paying for removalist costs
- Helping with general expenses while you move
Yes, moving can be expensive! Often there's a time delay between receiving your old security deposit and having to pay the new bond. Combined with two weeks rent upfront, you might need up to four weeks rent suddenly when your rental application is approved. Plus you then need to budget for moving expenses. At Fair Go Finance we know how difficult this can be, especially when you need to move quickly.
Top tip: to see more information on what furniture you may need and tips to save on furniture costs, check out our blog post.
Whether you have good credit or bad credit, you’re welcome to apply for our bond loan.
Why should I get a rental bond loan with Fair Go Finance?
Best value housing bond loans in Australia
Our best value housing bond loans are competitively priced; you will not find a better value bond loan with any lender in Australia. We also have great loyalty discounts for our existing customers, so each time you get a loan with us it will be cheaper than anywhere else.
30 minute funding
Once your loan is approved, we will transfer the funds to your account within 30 minutes.
Australia’s best customer service
At Fair Go Finance, there may be times when you need to speak to someone. Our friendly staff are all based in Australia and are able to speak to you via phone, email or live chat. Plus if your situation changes and you’re having difficulties making your repayments, then we pride ourselves on giving you a fair go.
Our excellent customer reviews are testament to the great customer service and value we provide.
Reviews and feedback from customers about Fair Go Finance’s Bond Loans
How do I apply for a rental bond loan?
Our simple three step loan application process ensures your rental bond loan gets to you as fast as possible:
- Our 100% online application process makes it easy to apply for a loan, so that you can cover removalist costs, the rental bond, furniture and everything associated with moving.
- When we receive your loan application, one of our friendly Customer Solutions Consultants will get in touch to finalise your loan and work out your repayment schedule to fit around you.
- Once finalised, your loan will be transferred to your account within 30 minutes.
Top tip: apply for your housing bond loan online before signing your rental agreement, so you are confident that you have the money to cover your rental bond before you apply for a lease. For more great tip check out the Fair Go Finance blog.
How much can I borrow and am I eligible?
To apply for a housing bond loan online you need to be: 18 years of age or older, a permanent Australian resident and in regular paid employment.
Fair Go Finance offer rental bond loans from $500 up to $5,000 and loans to facilitate moving up to $50,000 through our network of lenders – find out if you’re eligible for a larger loan here.
If you have bad credit, have previously been bankrupt or had a Part IX debt agreement we may still be able to help you. Apply today or learn more about our bad credit loans here.
For a bond loan of $500 to $5,000 you can borrow cash from 3 months to 12 months, depending on the size of your repayments. For larger loans, terms can be from 3 years to 7 years.
We also have access to a wide range of lenders to help you get into your new home as soon as possible.
Need help with your loan application? Give us a call on 1300 FAIRGO or talk to one of our friendly Customer Experience Team Members on our live chat!
How much does a bond loan cost?
||Typical Establishment Fee
||Interest Rate per Annum
|Small Amount Loan
||$500 - $2,000
||$100 - $400
||$20 - $80
|Medium Amount Loans
||$2,250 - $5,000
||$460 - $695
Loan repayment examples
||Repayments per week*
||Interest Rate per Annum
||3 - 5 months
||$33 up to $155
||4 - 12 months
||$62 up to $169
||38.1% - 44.6%
|*Repayments per week depend on affordability
Want reduced fees on a rental bond loan?
To get a lower cost on a rental bond loan, you will need to be an existing customer with us and have demonstrated a positive repayment history on your previous loans with us.
In return you will receive a:
- Better interest rate on your bond loan
- Reduced establishment fee
- Faster application and approval process
For more information on our loyalty discounts, check out our Mates Rates page.
Warning: The comparison rates provided are 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. Maximum fees, charges and or interest equal to a maximum all inclusive equivalent cost rate of 48% APR (Annual Percentage Rate). Minimum loan term 3 months. Maximum loan term 12 months. For our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply.