Bond Loan NSW

A bond loan NSW can help you secure a new rental faster. We specialise in offering a range of unsecured personal loans up to $50,000 designed to help you buy the things you want sooner, pay for large upfront bills like rental bond assistance, and get in front of your finances. Our application process takes just a few minutes to complete and everything you need to do is available online. We cut out the unnecessary paperwork and phone calls. Just quick cash loans when you need them.

Rental prices throughout Sydney and surrounding regions are among some of the highest in the country and while it’s exciting to start house or apartment hunting for a new home, knowing that you have some big upfront costs to pay can feel disheartening. As a renter, you enjoy the flexibility of keeping costs limited to just your rent, without living under the shadow of a mortgage or constant repairs and maintenance to your own property. More and more people are opting to rent in cities like Wollongong and Newcastle over purchasing their own home because the costs can be better controlled. But the upfront costs associated with securing a rental home can be steep. Not only do you need to come up with the cash to pay for professional services like removalists and cleaners, but you also need a period of rent upfront as well as your rental bond. Apply for personal loans in Sydney, Melbourne and Brisbane all online. Enjoy great rates and low fees across Australia, as well as the same quick easy online loans application.

What is a bond loan?

The purpose of a bond loan NSW is to help you pay for your upfront rental costs comfortably, repaying same day loans Sydney for your bond amount at flexible monthly repayments. Rather than being out of pocket at the start of your new lease, you can borrow what you need and then steadily repay it over time. MyOzmoney is not only a responsible moneylender, but we’re also flexible too and we don’t hit our customers up for early payout fees on unsecured loans they take out from us. This is great news when it comes to a bond loan NSW. 

Your bond amount, paid at the start of a new rental tenancy, is held in trust for the term of your tenancy. It may range from between 4 to 6 weeks of the weekly rent charged on the property you are moving into. It’s held by the judicial bond board in NSW and used to cover the costs of any damages that you may cause to your rental property. At the end of a tenancy, your real estate agent or landlord (if you are renting privately), will complete a final inspection on your recently vacated rental. If they note any damage or the need for professional cleaners or gardeners, they will request that the cost of those damage repairs or professional services needed to be deducted from the initial bond amount that you paid before you moved in. Once you agree to any deductions, the bond amount is then released by the bond board back to you. 

When you take out a bond loan NSW, you will most likely be waiting for your previous bond on your old property to be returned to you. Once it has been returned, you can choose to put that payment against your bond loan NSW, either paying it off entirely or chopping down the loan term to save on interest. Use our personal loan calculator to make some quick calculations, including the total interest payable on indicative personal loan interest rates that we offer. Our personal loan repayment calculator will help you answer questions like ‘how much can I borrow?’ and ‘what would my monthly repayments be?’

Our personal loans are offered to eligible customers with competitive interest rates and for a range of financing needs. Not only can you borrow a bond loan NSW, but you can also get easy loans for other big purchases like car loans and boat loans, or even student loans to help you cover the cost of tuition or buying everything you need for your new course or training programme. You can also apply for a line of credit for up to $15,000 which works a bit like a credit card, offering you access to fast cash loans when you need them. Use our online tools and calculators to give you an idea of what kind of personal loan would be the most affordable for you. 

We offer our quick loans and a line of credit to everybody from recent school leavers to professionals and pensioners. To be eligible to apply for any of our same day cash loans, including your bond loan NSW, you must be at least 18 years old, a permanent resident in Australia and currently employed. We understand if your credit file isn’t as good as it could be, so our cash loans online are carefully evaluated. You are given an internal MyOzmoney credit rating that you can work to improve on with every successful short term loan you repay on time and reliably. While you may not be offered the total loan amount you wanted the first time that you apply with us, you can start with small loans and work your way up to larger same day loans like renovation loans if you are a homeowner and looking to make some upgrades and improvements to your housing.

Make moving to a new rental property in NSW quick and easy with Ozmoney and our Bond Loan NSW. Get the funds you need to start house hunting confidently, knowing you can secure your next best home immediately and repay your bond amount comfortably with manageable monthly or fortnightly repayments.