Bond Loans

Make the cost of moving home a little easier to manage. Let Savvy find your ideal rental bond loan provider.

  • Borrow from $300 to $5,000
  • Outcome in 60 seconds
  • Flexible Repayments
  • 100% Online
Apply in less than 10 minutes.

Bond loans

Rental bond loans for tenants

Moving can get expensive. There’s the cost of removalists or hiring a truck, and often, you’ll need some new furniture or appliances. As if that’s not enough to cope with, there’s finding a month’s worth of rent in advance – and then there’s the rental bond. It’s a lot of cash to find, and many renters find it difficult to cover the total cost of moving, which is where bond loans come in. Bond loans are more flexible than personal loans. You can borrow between $300 and $5,000.

Find your ideal rental bond loan with Savvy

Every year, thousands of Australian tenants use a rental bond loan to manage the financial impact of upping sticks. Savvy partners with a selection of lenders that offer short-term bond loans. They’re perfect for when you need to cover the expense until your existing bond gets refunded – or even until you find some housemates. When you want to spread the cost of a rental bond over a longer period, there is a range of options for rental bond loans that extend up to two years.

Why fast movers get bond loans with us?

Your car loan, your way

Apply online in minutes

Connect directly to the lender’s portal. Applications are super fast and easy to navigate. Upload, fill out forms, sign agreements online.
Private or dealer? The choice is yours

Get funded in a flash

When you need to act fast to secure a rental, funds get deposited straight into your bank account – sometimes same day!
Comparing more, saving more on your car loan

Find the best lender

We find your ideal lender, based on your circumstances and requirements, meaning faster approvals and fewer applications.

Your most frequently asked bond loan questions and answers

Which moving expenses can I cover with a bond loan?

Bond loans don’t get secured against property or possessions, so they’re pretty flexible. That frees you up to pay for a few different things with one round of borrowing. On top of your bond, you may want to fund advance rent, as well as the cost of furniture and appliances – and even removalists.

How do people use bond loans in Australia?

The great thing about shorter-term lending in Australia is that you can adjust repayment terms to suit how much you borrow – making them easy to budget for. For instance, you may only need to borrow $500 and want to pay that back within a month. Bond loans give you that option, with repayment terms available anywhere between just 16 days and two years (for when you need to borrow a bigger amount). Some Aussies use a bond loan over a really short period if they need to move while waiting for a bond refund. Sometimes, it’s loans for first-time renters when it makes sense to spread the hit over several paydays. Many main tenants from flat or house shares borrow over a medium term while waiting for new housemates to sign up. Australian rental bond loans don’t have early repayment fees, so they’re a great way to fund a move.

How do I apply for a bond loan?

Applying for a bond loan with Savvy is simple. We’ll quickly match you with the best lender for your circumstances; then, you’ll get directed to their site. The entire application process gets carried out on the web from your phone or computer. You can upload documents and fill in forms, then receive money directly into your bank account.

Will I qualify for a bond loan?

Savvy helps thousands of Australian tenants get a bond loan every year. We deal with reputable lenders who primarily want to make sure you can afford repayments. Qualification is usually straightforward as a result. You’ll need to be 18 or over, a resident or citizen, and at least half your income should come from work. You can still get a bond loan on Centrelink, and if you’re self-employed.

What documents do I need to get a bond loan?

Lenders will only ask for a few documents, and most of them are items you’ll have handy. You’ll need proof of ID (passport, driving licence, or government ID card). You’ll get asked for three months’ worth of bank statements (borrowers receiving benefits will need a Centrelink income statement too), and some providers will ask for your Medicare card or number.

How soon do I need to apply for a bond loan?

Applying for a bond loan with Savvy is quick because we know there’s no time to waste once you’ve found the perfect home. When that happens, Savvy will connect you to the cash loan provider that best suits your needs. If you want to get funded fast, we’ll consider that factor. Cash loan applications are designed to offer quick, easy applications so they’re ideal for rental bonds. Cash loan providers vary, but it’s not unusual to get approved and funded the same day. It’s a great idea to get your application started as soon as you decide to move, and you can save your progress at any time.