Rental Bond Loans in VIC up to $10,000
When you’re moving into a new rental property in Victoria covering a rental bond upfront can be stressful. Fair Go Finance is here to help with fast, flexible rental bond loans designed to fit your needs. Apply in minutes, and get the funds to secure your new home without the stress.
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Calculate your repayments
What this means...
- Interest Rate p.a.
- 29.90%
- Comparison Rate p.a.
- 41.64%
- Total Repayment
- $4,212.51
Minimum weekly repayment*
$81.01
Ready to get started? Get your personalised rate and repayments without impacting your credit score or see our rates & fees
*Includes an interest rate of 29.90% (Comparison Rate of 41.64%). All prices are indicative and applications are subject to assessment. Fees and charges are payable. The Comparison Rate is based on an unsecured personal loan of $2,500 for a term of 2 years. WARNING: The comparison rate is true only for the example loan amount and term selected and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Why Get a Bond Loan in Victoria
Starting a new rental tenancy can be exciting, but covering a rental bond and moving expenses can also place significant pressure on your finances. The financial strain of waiting to receive the bond back from the previous property can add to this burden. Rental bond loans help you pay for the upfront bond without draining your savings, allowing you to move confidently into your new home.
Fair Go Finance offers flexible, tailored rental bond loans for renters across Melbourne. Our goal is to make renting easier and more affordable, with transparent terms and support every step of the way.
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What is a Rental Bond Loan?
A rental bond loan provides funds specifically for paying the security deposit (bond) required by landlords when starting a new tenancy. In VIC, the rental bond usually amounts to four weeks’ rent.
With a rental bond loan from Fair Go Finance, you can avoid out-of-pocket stress and repay the bond loan over time, with flexible terms designed to fit your budget and move house stress free.
Rates (APR), fees & features
Small Amount Loans
Read More: Small Amount LoansMedium Amount Loans
Read More: Medium Amount LoansLarge Amount Loans
Read More: Large Amount LoansFor our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply. For loans above $2,000 maximum APR is 48%. *All prices are indicative for an unsecured personal loan and fees and charges are payable. WARNING: The comparison rate is true only for the example loan amount and term selected and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
1. Comparison Rate is based on an unsecured personal loan of $1,000 over a term of 6 months. Fees and charges are payable.
2. Comparison Rate is based on an unsecured personal loan of $2,500 over a term of 24 months. Fees and charges are payable.
3. Comparison Rate is based on an unsecured personal loan of $10,000 over a term of 24 months. Fees and charges are payable.
Examples
| $1,350 | $3,600 | $6,900 | |
| Average Term | 8 months` | 13 months | 18 months |
| Average repayment per week | $48 | $90 | $119 |
| Establishment Fee | $265 | $627 | $595 |
| Monthly Fee | $50 | $11 | $14 |
| Interest Rate Per Annum (APR) | N/A | 27.49% | 21.90% |
| Comparison Rate | N/A | 60.61% * | 28.87% ** |
For our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply. For loans above $2,000 maximum APR is 48%. *All prices are indicative for an unsecured personal loan and fees and charges are payable. WARNING: The comparison rate is true only for the example loan amount and term selected and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
1. Comparison Rate is based on an unsecured personal loan of $1,000 over a term of 6 months. Fees and charges are payable.
2. Comparison Rate is based on an unsecured personal loan of $2,500 over a term of 24 months. Fees and charges are payable.
3. Comparison Rate is based on an unsecured personal loan of $10,000 over a term of 24 months. Fees and charges are payable.
Why Choose Fair Go Finance for Your Rental Bond Loan?
Flexible Repayment Terms: Tailor your loan repayment to your financial situation. Choose from weekly, fortnightly, or monthly payments to keep your budget manageable.
Transparent Fees: No hidden fees or confusing terms. We make everything clear from the start.
Quick Approval and Easy Application: Our 100% online application is fast and simple, with approvals typically provided within one business day.
Dedicated Support: Our customer support team is available to help with any questions during your application process and beyond.
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How Much is a Rental Bond in QLD?
The Queensland Government sets limits on rental bonds, typically capping them at four times the weekly rent. Here’s a quick look at rental bonds based on current QLD rental rates:
Average Weekly Rent in Brisbane: $600
Estimated Bond: $2,400 (four times weekly rent)
For properties with rent over $1,200 per week, there are no bond limits, and pet bonds may be required. A pet bond of up to $260 may apply if pets are permitted in the rental property.
Fair Go Finance provides rental bond loans up to $10,000, covering these bond costs and any extra moving expenses to help you get settled without worry.
Common Costs of Moving in VIC
Moving into a rental involves various expenses beyond the bond, and it’s important to budget accordingly. Here’s a breakdown of typical moving costs for VIC renters:
Rental Bond: Generally four weeks' rent (or higher if the rent exceeds $1,200 per week).
First Month’s Rent: Some leases require advance payment of the first two weeks to one month’s rent.
Utility Set-Up Fees: Connection fees for electricity, water, gas, and internet can add to initial expenses.
Moving Services: Hiring a truck or moving service, especially if moving long distances.
A rental bond loan can cover these costs, helping renters transition smoothly without financial strain.
How to Apply for a Fair Go Finance Rental Bond Loan
Applying for a rental bond loan with Fair Go Finance is straightforward, with a few simple steps:
Check Your Eligibility: Confirm that you meet our basic requirements (be at least 18, have a stable income, and be an Australian resident).
Complete the Online Application: Provide some basic details about yourself, your employment, and your income. The application takes only a few minutes to complete.
Get Approval: Our team reviews your application, with approval typically granted within one business day.
Receive Funds: Once approved, funds are deposited directly into your account so you can secure your new rental property without delay.
Flexible Repayment Options: Choose from multiple repayment terms to ensure the loan aligns with your financial needs.
Ready to get started?
How to Apply
With no early payout fees, our flexible range of online loans are perfect for the changing needs of hardworking Aussies. And because our rates are personalised, they’re highly competitive, whatever your credit rating.
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Apply Now
All it takes is 6 minutes with our secure online application form.
Accept Offer
If approved, accept your offer signing online with a secure SMS code.
Receive Finance
Your funds are transferred as cleared funds so you can start using it sooner.
Personalised Support
If you need a little help with anything, simply talk to our support team.
We're with you
So why Fair Go Finance?
We want what’s best for our customers. And we show it every day with loans and service tailored to you.
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Genuine customer service
Our genuine, down-to-earth team is here for friendly, helpful advice – and zero jargon.
Personalised pricing
We get to know your situation to craft a tailored rate just for you.
Credit score boost
Make timely repayments on an initial easy-to-manage loan to actively boost your credit score.
Check if you qualify
Learn how likely you are to get approved, with no impact on your credit file.
How can we help you?
Below you’ll find answers to the most frequently asked personal loan questions
A bond loan (also known as rental bond loan or moving house loan) is a short term loan that can be used to pay a rental bond, cover moving expenses or pay your rent in advance. Whether you’re buying a new house or moving into a rental, moving isn’t cheap or easy. The upfront cost of rental bonds and other moving expenses can be substantial, making it difficult for renters to manage their finances. Waiting to receive the bond back from the previous property can create a significant financial strain.
Juggling your budget and cashflow can be difficult, especially if you’re moving from one rental to another – you’ll probably have to pay the bond on your new rental house before you get the bond from your old rental back. Then there’s the rent you have to pay upfront. At Fair Go, we get it. And we’re here to make the transition a little less stressful with a quick and easy cash loan to tide you over. Read more about how you can use a bond or moving house loan, as well as our tips on ensuring you have the furniture you need for your new house.
Apply online in less than 6 minutes. Our clever online application form is quick and easy to complete – apply from anywhere in Australia, anytime day or night.
A little human touch may come into play. If your application isn’t given an immediate outcome, a friendly credit consultant will be in touch to confirm what they need clarified, or if there’s a different amount or product they can offer you.
Get approved: If you’re offered a loan and you’d like to proceed, simply accept by electronically signing in the contract using an SMS code sent to your mobile phone.
Receive your funds within minutes: We use Real-Time Funding to instantly transfer the funds to your account.
Start your online application and see for yourself. And remember, if you run into any problems with our online application or have any questions about the approval process for our personal loans, we’re here to help. Call our team on 1300 324 746 or contact us online via live chat.
It all depends on your current situation, but we often help people with bad credit ratings get the loans they need and get their bad credit history back on track.
That’s our mission at Fair Go. We’re here to help you move forward, with quick, easy, responsible loans that we personalise to minimise your borrowing costs and help you get on with life.
Talk to our friendly team on 1300 324 746 or contact us via live chat to find out if we can help you get a competitive bond loan, or read about our bad credit loans.
If you are applying for a bond loan, you can take advantage of our 21 day interest-free loan. This works well if you expect to receive a previous bond back or receiving other funds.
It works like this. If you pay the entire loan back within 21 days since it was funded, we will reverse all of your fees and interest for this loan. You can also benefit from reduced fees and charges if you make a part-payment within the first 21 days.
For example, if you take out a $2,000 bond loan, and repay $1,000 back within 21 days of it being funded, you will only pay the costs associated with a $1,000 loan. (i.e. your fees will be reduced by half and you will receive a rebate.)
Moving home is often time-sensitive, whether you’re buying a home or moving into a rental house, so you may need extra cash fast. Our online loan application process is 100% online and designed to minimise paperwork and the time it takes to get the money you need to move on.
The first thing you need to do is complete your bond loan application using our secure online application system. Our smart system will give you a conditional decision in minutes. Then, our friendly team will call you to complete the assessment of your application.
Assuming your application is formally approved, we’ll transfer your cash straight away, usually overnight. The whole process often takes just 24-48 hours.
You can use bond or moving house loans to cover or spread the cost of:
Rental bonds on a rental house
Buying furniture or appliances for your new home
Removalists or general moving costs
Any expenses that crop up when you’re moving house
In short, you can use your loan for anything – there are so many costs when you’re moving home and you can find yourself needing cash fast. That’s why we’ve made the application process for a bond or moving house loan so easy.
If you have a bad credit rating, talk to our friendly team on 1300 324 746 or contact us via live chat. We may be able to help you move home with one of our bad credit loans.
We’ve used all our team’s finance and tech smarts to make our online application process as quick and easy as possible. We can take customers from application to assessment to transferring funds in 24-48 hours. But the sooner you make your application, the better.
Whether you’re moving to a rental house for the first time or moving from one rental to another rental, it can be a stressful time. So, make it easy on yourself. We recommend that you complete your application for a bond loan before you sign your rental agreement.
How much you are eligible to apply for will depend on your current financial circumstances and requirements. As a Responsible Lender we want to make sure your loan is affordable for you, so we will always need to complete your assessment first before we can provide you with the loan amount you’re eligible for. Loans for bad credit are available to cater to diverse financial situations and urgent needs.
Our loan repayments vary depending on the loan amount, the loan term and the interest rate. You can use our loan calculator as a guide, however because we tailor our rates to your unique credit profile, we will not be able to confirm any repayments until your assessment is complete.
Our loans are based on your individual and current financial circumstances. Until we receive your application and your bank statement information, it is not possible for us to guarantee you will be approved.
The interest rates for our loans are calculated using risk-based pricing, which simply means the better your credit rating, the better the interest rate you can be eligible for. We won’t be able to confirm what interest rate you may be eligible for until your assessment is complete, however you can see the range of our interest rates for our personal loans here.
The usual waiting time to receive your loan application outcome is between 24-48 working hours.