Rental bond loans up to $5000
Unlock your next home without the wait.
We are always upfront and transparent about our costs – no hidden fees or charges.
- Easy online application
- Flexible loan repayments
- If approved, receive funds the same day!
Why get a Rental Bond Loan?
With Australia’s housing crisis and competitive market, securing a rental property can be tough, especially when you need to pay a deposit fast. Between rent, new furniture, and moving costs, finding the funds for this upfront cost can feel impossible.
A Rental Bond Loan helps you lock in your property before someone else does, making it easier to manage moving expenses and settle into your new home sooner.
How Rental Bond Loans work
A Rental Bond Loan from City Finance can cover the total amount of your rental bond, typically around four weeks’ rent.
Once approved, you could get the funds paid directly into your account on the same day you apply and pay off the loan at a pace that fits your budget.
Don’t miss out – secure your dream home and pay your deposit with confidence.
1. Apply Online
To get started, just submit your online application form. The process is simple: choose the amount you’d like to borrow and the repayment time, provide some personal information and send proof of identity.
2. Get approved
After you apply, someone from our team will call you to confirm your application details and give you your loan offer. We’ll also get your bank details so we can send over the money.
3. Receive your money
Once approved, you should receive your funds via bank transfer by the end of the day or even sooner depending on who you bank with. From here, you can start spending and repay your loan over the agreed period.
What else can I use a Rental Bond Loan for?
A Rental Bond Loan isn’t just for securing your new rental—it’s also perfect for covering unexpected expenses and bridging financial gaps.
Professional cleaning
Leave your previous property spotless and start fresh with loans for professional cleaning services.
Home repairs
From faulty locks to chipped tiles, fix home headaches and get your new place in perfect shape.
Removalists
Relocate your belongings securely and enjoy total peace of mind with moving costs covered.
New furniture or white goods
Make your new home truly yours with extra cash for furnishings and essential appliances.
Transport & accommodation
Focus on settling in and relocate comfortably with airfares and hotel stays handled.
Our eligibility criteria
To be eligible for a Rental Bond Loan, you must:
- Be at least 21 years of age
- Be an Australian citizen or permanent resident
- Receive a regular income (including Centrelink payments)
Why choose City Finance?
We offer loans to customers all across Australia, including Brisbane, Sydney, Melbourne, Perth and Adelaide.
Decisions & deposits are done quickly
Quick approvals mean you can secure your new rental without the wait. We’ve spent decades streamlining our approval and pay-out process because when you need cash fast, we make it happen.
Flexible payment terms
Your loan, your way. We offer flexible payment terms to fit your needs—borrow between $500 and $5,000, and choose a repayment period from six weeks to one year.
Hassle-free repayments
Automatic repayments mean you never have to worry about missing a due date or late fees. Just set it up once, and we’ll handle the rest — keeping you on track to pay off your loan faster, and stress-free.
Inclusive lending
Inclusive lending means we look beyond the checklist. Whatever your situation—bad credit or unemployment— we’ll consider your application and work with you to find a solution.
No sneaky fees
No hidden fees, no surprises. Pay off your loan on your terms, with complete transparency and no extra charges for early payouts or extra repayments.
Trusted lender
With over two decades of experience, we’re more than just lenders — we’re trusted partners. Borrow with confidence, knowing you’re in good hands with a team that understands your needs.
Rental Bond Loan FAQs
What is a Rental bond?
Whether you’re renting through a real estate agent or the private rental market, it’s likely you’ll need to pay a security deposit upfront in the form of a rental bond. The bond amount is normally equivalent to four weeks’ rent and is required as your tenancy starts.
It’s held for the duration of your tenancy and refunded when you move out, provided the property is in good condition. If there’s damage, some of the bond may be used for repairs.
How much can I borrow with a rental bond loan?
You could borrow between $500 and $5,000 with our rental bond loans. Just let us know how much you need, and one of our friendly representatives will contact you to discuss your options and eligibility.
How much bond can be charged in QLD?
For most tenants, the maximum bond in Queensland is four weeks’ rent if the weekly rent is $700 or less. If your weekly rent exceeds $700, you can legally negotiate the bond amount with your property manager or owner.¹
Our QLD customers can use a rental bond loan to cover their full bond amount, to help ensure they are fully prepared. The Queensland Government also provides rental bond loans and rental grants to eligible tenants. This includes a bridging bond loan—interest-free and fee-free—to cover the upfront cost of a new bond while waiting for the release of your current bond held by the Residential Tenancies Authority.
You can also check if you’re eligible for rental assistance from Centrelink to help cover these costs.
How to get help with bond money in NSW?
If you’re renting in New South Wales, you might qualify for government assistance to help cover your rental bond. The Rentstart Bond Loan, for example, is an interest-free loan that can cover up to 100% of your bond. However, these loans can be time-consuming to apply for, and many financial institutions have strict eligibility criteria.
At City Finance, we take a different approach. We look at each application individually, offering a friendly, hands-on experience. Whether you’re a single parent, student or newly self-employed, we may still be able to help.
If you live in New South Wales and need funds quickly to cover upfront rental costs, City Finance can help.
What information do I need for my rental bond loan application?
At City Finance the application process for securing a rental bond loan is simple. We don’t need a bunch of different documents; all we require is the following:
- A copy of your ID
- Proof of your income (E.g a payslip or Centrelink income statement)
- Bank transaction history for the previous 90 days.
Even if you have a low credit score, you may still be eligible to apply for a bad credit loan.
Do I have to use my rental bond loan on the bond only?
Not at all — rental bond loans can cover more than just your bond. While they’re often used for bonds, moving can come with unexpected costs, like buying a new fridge or replacing items that get damaged in transit. Your rental bond loan can help with these expenses, too.
Since rental bond loans are unsecured personal loans, the approved amount is deposited directly into your bank account. You’re free to use the money as needed, without needing to provide proof of how it’s spent.
We only ask that you make your repayments on time. If you ever have trouble meeting a repayment, just reach out, and our team will help you work out a solution.
Can I apply for a Rental Bond Loan if I have bad credit?
Yes! At City Finance, we have flexible requirements for rental bond loan applicants. If you’re 21 or older and have some form of income—whether it’s from a casual job or Centrelink payments—you’re eligible to apply. All we need is proof of income, some supporting bank statements, a valid ID, and a short online form.
We understand that not everyone has a perfect credit history. That’s why we’re happy to provide loans to pensioners, low-income earners and those who just need a second chance. Learn more about our bad credit loans and see how we can help you secure your new rental property.
