“Am I eligible to apply and be approved for a bond loan?”
Applying for RentBond is easy. Paying your rental bond in smaller, monthly instalments lets you save money for more important things, like enjoying your new home.
Who qualifies for RentBond?
We’ll assess your RentBond application on a range of factors, including your income, your ability to repay the loan, and your past credit history. As a guide, these are some of the basic requirements you’ll need to meet:
- Be 18 years of age or older and living in Australia
- Be earning over $500 per week (Centrelink income can’t be your only source so you’ll also need to be working)
- Have not declared bankruptcy in the last 12 months
- Be employed on a casual, part-time or full-time basis
You can apply and get conditionally approved for RentBond before you’re ready to move. When you’re ready to move and need the funds, you’ll be asked to complete your conditionally approved application.
Don’t have a home yet? Don’t stress. You can complete a RentBond application without having been approved for a property.