How much is a rental bond?
Rental bonds can be quite pricey, which is why you might want to take out a loan to help keep your finances manageable. How much you can be charged for a rental bond will depend on where you live in Australia. While most states limit the cost to 4 weeks’ rent, there are exceptions.
What type of rental can I use my bond loan on?
You can use the cash on any type of rental bond, whether it’s a private rental, apartment complex, or any other type of property. You can also use it to help cover any other expenses like moving costs or storage.
How long does it take for a bond loan to be approved?
It only takes minutes to apply for a bond loan. And as soon as we have all the required information, you should be approved and have the cash in your bank account within the hour.
Is it possible to get a bond loan with no credit check?
At Swoosh, we believe that your credit rating isn’t the ‘be all and end all’. So while we do conduct a credit check when you apply for a rental bond loan, we base your loan offer on your current financial situation not your past credit history.
Do bond loans affect credit score?
Every time a hard inquiry is done on a loan application, including rental bond loans, it is reported on the applicant’s credit history. However, paying back your bond loan on time can actually help to improve your credit score.
Nai “Friszy01” Frisjina
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