RentBond, rent.com.au’s bond finance solution for renters has changed to make moving into your next house even easier. If you need a short-term loan while you wait for your bond refund, RentBond is now completely free when you pay it back within 21 days.

What is RentBond?

RentBond is a bond payment plan offered through rent.com.au. You can use RentBond to pay your rental bond, your two weeks’ rent in advance and other moving costs and repay it over the term of the lease.

If you just need a short-term loan while you wait for your bond refund, RentBond also has the option of borrowing the funds for up to 21 days at no cost. So, if you receive your bond refund and pay back your RentBond loan in full within the first 21 days, you won’t pay interest or any other costs.

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How does the interest-free period work?

Example 1: You borrow $3,000 and repay it in full on day 21 – the loan is completely interest and fee-free.

Example 2: You borrow $3,000 and repay $2,000 within 21 days – fees and charges are reduced proportionally to reflect the unpaid balance and the remaining $1,000 continues on as a standard RentBond loan.

Example 3: You borrow $3,000 and pay it back over 6 months – The loan is treated as a standard RentBond loan. Interest, fees and charges apply.

Applying is easy and quick! Paying your rental bond in smaller instalments lets you save money for more important things, like enjoying your new home.

How does RentBond work?

We’ve made it easy to apply for RentBond. When you’re ready, complete an application at rent.com.au. Once approved and your contract has been accepted, your loan will be paid to your agent or direct to your bank account. That’s it!

You (as the new tenant) will then pay the instalments until the loan has been paid in full.

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Why RentBond is so easy

  • Quick online approval for eligible applicants
  • Pay it back in 21 days and pay no interest (or other costs)
  • Flexible repayment options that align with your pay cycle
  • Borrow from $500 up to $10,000
  • Borrow enough to cover just the bond, or to cover your other moving costs too.

Why RentBond works

Coming up with funds to cover the rental bond, rent in advance and other moving costs is a common struggle for renters – especially when waiting for their bond to be returned from their previous lease.

RentBond solves this problem. It’s a smart, fast and simple solution to help pay your bond and moving costs and free up some cash while you move.

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Improve your credit score with RentBond

Did you know that RentBond can actually help to improve your credit score? When you pay off your RentBond on time, your credit score can improve because Fair Go Finance reports positive payment history.

In fact, 62% of RentBond customers have experienced a positive change in their credit score after successfully applying for and then paying back their RentBond loan.

If you’d like more information, visit the website, email rentbond@rent.com.au or call Rent.com.au on 1300 736 810.

Lauren Vardy
Content Manager at | Website

Lauren Vardy is author behind the Rent.com.au Blog, a site built to help renters find a home and navigate their renting journey. She is the Content Manager at Rent.com.au. Outside of work, she dabbles in all things health, fitness and houseplants.