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Moving house and dealing with all the moving costs is stressful and expensive. In fact, according to ABS data, it’s one of the key reasons people avoid moving even though they want to. That’s why we have created no-stress rental bond loans.
Rental Bond Loans give you the cash you need to secure your rental property. They’re affordable, quick, and easy. And with our speedy approval process, you’ll have your money in an instant—even if you have bad credit!
Found a new place? Lock it in now
with a rental Bond Loan
What are bond loans?
Rental bond loans cover the amount of money you need to pay to secure a new rental property before you move into it. Swoosh Finance rental bond loans can be used to cover damages to a previous rental property or the bond of a new rental property. And, depending on where you rent, your bond money could then be used to pay your next few weeks of rent in advance.
Eligibility
To be eligible for our rental bond loans, you need to meet 4 simple criteria:
Employed for at least 3 months
18 years or older
Be a permanent resident or valid visa holder of Australia
Owner of a registered vehicle (or trailer, caravan or motorbike)
If you meet the above criteria and you’re in need of cash fast, apply for a loan today and we’ll take care of the rest.
How to apply for a quick rental bond loan
Here’s our quick 3 step process:
1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. Approval of your loan is provided within 60 minutes of receiving your information (during business hours)*. The decision will arrive promptly — right in your inbox.
3. After approval, an offer is sent to you via email. Once you’ve signed the contract, we’ll send the money directly to your bank account!
Apply for a rental bond loan today
Find out more about how to get a loan with Swoosh.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
How do bond loans work?
Bond loans are a form of small personal loan. The money is lent to you for the purpose of paying the bond on a rental property.
A Swoosh rental bond loan can be paid back over 12 months and fit in with your pay schedule. There are no hidden charges, monthly fees and no penalties for paying back your loan amount quicker – so you can pay it back as soon as you are ready.
Rates and fees
Our simple cash loan structure is as follows:
| Online cash loan amount | $2,200 to $5,000 |
| Application Fee | $0 (even if your application is not approved) |
| Standard establishment fee | $400 |
| Other Fees | $16 (included in loan) |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly or monthly (based on your payday) |
| Direct debit dishonour fee | $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
Interest is calculated daily on the outstanding balance. And your interest rate will be fixed for the loan term—so you know exactly what to expect.
Find out more: rates and fees
Can I get a bond loan with bad credit?
Yes, you can get a bond loan with a bad credit rating from Swoosh. Because at Swoosh, we look at the ‘here and now’ of your financial situation. We offer online cash loans after we evaluate your current bank statements. This way we can offer a second chance to those affected by their credit history and get them the cash they need.
Check out our blogs on help with rental assistance and how you can get help with bond money. We cover the top places to look for financial help with rent, rental grants, and affordable housing and rental options.
Got questions?
Contact us to get your questions answered, or to discuss your individual case.
**WARNING: This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Different terms, fees or other loan amounts might result in a different comparison rate.
FAQs
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.
Learn more: Should You Get A Personal Loan To Improve Your Credit Score
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
