Australia's leading rental bond loan
RentBond is a convenient way to spread the cost of your rental bond, two weeks' rent in advance and moving costs over easy instalments.
When you're approved for RentBond, we'll pay your loan either directly to your agent, or to your nominated bank account (so you can pay your agent or landlord yourself). You then pay us back until the loan is paid in full.
Our online application process is completely secure and only takes a few minutes to complete.
Once approved, your bond will be paid in full on the same or next business day (depending on when you apply).
Flexible repayment options
We'll align your repayments to match your pay cycle.
RentBond – 21 days interest-free
If you just need a short-term loan while you wait for your bond refund, RentBond is interest free for the first 21 days. So if you receive your bond refund and pay back your RentBond loan in full within the first 21 days, you won’t pay any interest. Reduced fees and charges will apply to part-payments.
I borrow $3,000 and repay it in full on day 21 – the loan is completely interest and fee-free.
I 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.
I borrow $3,000 and pay it back over 6 months – The loan is treated as a standard RentBond loan. Interest, fees and charges apply.
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
Have not entered into bankruptcy or a part 9 agreement within the last 12 months
Be willing to provide your bank statements online
(Please note: Bank statements can only be submitted via our secure online service)
Be employed on a casual, part-time or full time basis
(Please note: Centrelink income can't be your only source of income)
How RentBond works
Start your RentBond application here
We'll direct you to Fair Go Finance, who will assess your application
When approved, accept your contract online
Fair Go Finance will pay your loan directly into your nominated bank account so you can pay your bond to your agent.
That's it! Your instalments will be deducted until the loan has been repaid in full
What is a bond loan?
A rental bond loan is a loan that can be used to pay your rental bond to your real estate agent or landlord and help you secure a rental property.
A bond loan can help with cash flow during your move, letting you pay monthly instalments instead of one large lump sum.
How customers rate RentBond
from 134 reviews
Friendly, helpful staff
December 19, 2019
Displaying 1 of 134 reviews
Fast replies. Approval took no time at all. Moving made easy with RentBond
Jan 24, 2020
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RentBond was easy and fast
June 6, 2019
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Quick, friendly and easy
August 12, 2019
Displaying 4 of 134 reviews
Fast and efficient service
Apr 5, 2020
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Was easy and convenient
May 23, 2019
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The best. Could not get better
January 9, 2020
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January 16, 2020
Displaying 8 of 134 reviews
I'm a first time renter and the online lodgement was easy. I was done in less than 10 minutes
July 4, 2019
Displaying 9 of 134 reviews
So fast. Perfect for getting your bond money in time
January 9, 2020
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RentBond was very helpful
July 4, 2019
Displaying 11 of 134 reviews
A last-minute lifesaver
Mar 5, 2020
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Feb 12, 2020
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Quick and easy
Jan 25, 2020
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January 16, 2020
Displaying 15 of 134 reviews
RentBond is a rental bond loan. It's a way for tenants to pay their rental bond, 2 weeks' rent in advance, and any other moving costs, via a personal loan that is repaid over time.
RentBond is provided in partnership with Fair Go Finance. When you apply for RentBond, we'll be referring you to Fair Go Finance who will take your application and support you through the life of the loan.
A RentBond loan can range from $500 up to $10,000.
Step 1: Start your application at www.rent.com.au/rentbond
Step 2: You will be asked to complete your application online with details including details of your income and expenses.
Step 3: If approved for RentBond, you'll be presented with your loan agreement online. Once you have accepted the agreement, your loan proceeds will be paid to your agent or to your nominated bank account. You can then use those funds to pay your bond, 2 weeks rent in advance or any other moving costs.
Step 4: That's it. We'll deduct your instalments until the bond has been repaid.
You can apply and get conditionally approved for RentBond before you're moving. When you're ready to move and need the funds, you'll be asked to complete your conditionally approved application.
This depends on the amount you borrow. Loans up to $2,000 are interest-free but come with an establishment fee and a monthly fee. You can use the repayment calculator on this page to calculate the total cost of the loan over various terms.
If you dishonour your monthly repayment, you will be sent an SMS and email providing you access to the customer portal to help you manage your repayments. If you make up any arrears within 48 hours, no fees will be charged. If you are unable to make a repayment, a fee of $35 will be charged to your account.
If you have paid your bond but you require assistance for your other moving costs, then you can definitely still apply for RentBond.
Yes, you can apply for RentBond for any rental property.
Yes, you can apply for a RentBond loan to cover any moving costs such as your bond, your rent in advance, or other moving costs.
Depending on your individual requirements, we can either pay the bond directly to your agent or the relevant bond authority, or we can pay it directly to your nominated bank account. We'll ask you for details on how to pay your loan proceeds as part of the application process.
Your bond is returnable to you from the Property Manager or landlord as per normal. Your RentBond contract is not tied to your lease.
About interest-free options
RentBond comes with a 21-day interest-free period. That means that if you pay the loan back in full in the first 21 days, it will be completely interest and fee-free. So if you’re waiting on your bond to be refunded from your previous place, it’s a convenient (and cheap) way to cover your new bond.
That’s not a problem. Your loan will have an agreed term with a minimum repayment amount, like a regular loan. So if you can’t pay it back in 21 days, you can pay it back over the loan term. (Interest, fees and charges apply).
When you’re approved for RentBond, your loan term and interest rate will be calculated for you and included in your agreement. You’ll see this information before you proceed with the loan. This will be the rate and term that applies to you, unless you pay the loan back sooner.
Yes. RentBond can be used to cover any of your moving costs.
Applying for RentBond
RentBond is a 100% online application process which should only take 5 minutes to complete. Once submitted, you'll receive an initial assessment on screen right away. If you receive conditional approval, you'll be asked to complete a few more steps to proceed.
If you've provided everything we need, your loan funds could be paid to your property manager or to your bank account the same or next business day.
Once your application has been completed and you've received conditional approval, we'll send you a code to your phone via SMS – you just need to enter this into the application screen to accept and proceed. Your loan will then be processed either the same day or the next business day, and paid directly to your property manager or nominated bank account.
Once your application has been formally approved your loan will then be processed that day and paid directly to your agent or to your nominated bank account.
If we're paying a bond directly to an agent on your behalf, we will notify the agent that the funds have been transferred.
If we're paying the bond directly to the bond authority, you need to allow 24 to 48 hours for the bond authority to acknowledge receipt.
Yes, part of the RentBond assessment process is a credit check.
If you're worried about your credit history or you know you have a bad credit record, check out this article on what you can do to fix your bad credit. https://www.fairgofinance.com.au/about-us/news-and-blogs/what-can-i-do-to-fix-my-bad-credit/
Loan terms will vary depending on the amount that you borrow. You can apply for a loan term that suits you, and we'll discuss your options with you once your loan has been approved.
Yes. You can pay out the outstanding balance inclusive of any fees and charges on any day you wish.
You can rest assured there are no penalties or charges for paying out your loan early.
You can contact our partner Fair Go Finance on 1300 324 746 and request a pay-out statement.
Any time you're having problems with repayments, or any other issues, please call the team at Fair Go Finance on 1300 324 746. They're there to help you.
If we try to debit your account for the repayment and you have insufficient funds, you will be sent an SMS and email providing you access to the customer portal to help you manage your repayments. If you can make up any arrears within 48 hours, no fees will be charged. If you are unable to make a repayment, a fee of $35 will be charged to your account.