A loan for your rental bond or deposit

Often the toughest part of leasing a new place is the rental bond that is required to be paid up-front. While you may have the liquidity to pay for the monthly or weekly rent, the security deposit or some other related payment can prove to be a hurdle.

With rental bond loans from Credit24, you don’t have to give up on that lovely house or apartment you have chosen for your family or friends. Credit24’s rental bond loans range between $500 and $10,000. They are easy to apply for too. You could get the amount credited to your bank account in a matter of 24 hours (if approved within business hours).

In most cases, the rental bond amount is equal to four weeks rent. In some cases, when the weekly rent is higher than $250, the amount can also amount to six weeks rent. Coughing up this kind of money, especially when you did not expect to be moving so soon, can be a tough situation to handle. Credit24 helps with rental bond loans that you can use for a bond payment or even relocation costs.

A loan that is as flexible as you

As rental bonds and deposits can be variable in price and may need to be paid on short notice, you need a loan that is as flexible as you may need to be. That’s why with Credit24, you’ll be able to find a loan that meets your financial needs. But you’re not limited to just using your loan on your deposit or rental bond. If you’re going to be better off dedicating the money to moving or relocation costs, then that’s just fine with us! Use your loan however suits you best.

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Calculate your rental deposit loan today

Use our simple rental deposit loan calculator to forecast how much your repayments will be based on your personal financial circumstances.

Choose your loan amount, repayment frequency and repayment lifetime to get an estimate of how much you’re likely to owe.

Discover the rental deposit loan calculator below:

The cost of renting can add up quickly

When it comes to renting a house or unit, the upfront costs can become overwhelming and place you under unnecessary financial stress. From the upfront rental payment, the bond or deposit, the rental application fee, any utility costs and, of course, any removalist costs that you may be paying; it can all become too much to handle. Therefore, having a back-up plan to ease the pressure of financial stress can ensure you can enjoy your new place to the fullest.

What is our rental bond loan and why could it be best for you?

It would be easy for us to claim that our loans are the best on the market, but we always want to ensure you get the perfect loan to suit your situation.

So, here are some of the major reasons why our rental bond loan may be the best option for you and your needs:

No hidden costs or fees

Before you apply you can see exactly how much your repayments are going to be, and how much you’ll owe over the lifetime of your loan. Don’t get caught out by hidden fees and costs. You’ll know all the details of your loan upfront.

Flexible loan options

Credit24’s loans and line of credit are flexible from $500 up to $6,500, with options to suit repayment frequency and repayment length that work for you and match your salary cycle. And best of all, you can repay your loan early with no penalty.

Easy to apply

The online application means it’s fast and easy to apply. Of course, you’re always welcome to talk to our friendly team using online chat or by simply giving us a call. Whatever your preference to proceed with your application, help is just a click or phone call away.

You can rely on us

In a recent survey we asked customers if they would recommend us to a friend. Not a single one said they wouldn’t. That’s trust that is earned through brilliant customer service and a fantastic reputation.

How can I apply for a loan?

Complete our online application today and if approved within business hours, you could potentially have the money in your account on the same day, meaning you can get cracking on that application straight away.

Applying is easy. Simply click here or follow any of the “Start Application” buttons on this page to get cracking on your rental deposit application. With our entirely online application process, you have the ability to apply within minutes, which is important when time is of the essence.

Don’t delay! Start your application and get into your new place today!

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