Do you need a bond loan for your rental? Look no further!

At Monzi we recognize that sometimes you need a helping hand to get to your all-important next step. Therefore, our online lender-finder service puts you in touch with a lender who can help. From payday loans, to travel loans, emergency loans, car rego to bond loans, we may be able to assist with easing your financial pressure.

What is a bond loan?

Nope, it’s not any 007 business. Put simply, a bond loan is a loan that may need to be taken out when moving house to pay for the rental and other moving-related costs.

We understand how expensive moving house can be. One month rent upfront, a rental bond, plus a removal van and you’re looking at thousands of dollars. In short, it’s not always easy to have that amount of money stashed away, especially if the move is unexpected or at short notice.

Therefore, sometimes you need a helping hand to get you through the most challenging times. Luckily, that’s what Monzi is here for! We put you in touch with the right lender to get you the loan you need, from $300 to $10,000. Let us help get your dream home and a smile on your face.

Some of the ways a bond loan can help include:

Securing a home

Most of the time, to secure a property and take it off the rental market, you will need to pay a full month’s rental bond or deposit. In addition, if you are renting through an agency, there may also be extra agency and administration fees to pay. As a result, a personal loan may be able to cover this and ease the pressure of finding an extra month’s rent money.

First-month rent

The way the rental market works means that you usually have to pay for the month upfront. Finding this can sometimes be a challenge alongside all of the other costs of moving home.

Moving costs

The costs of moving house can quite quickly mount up – removal vans, temporary accommodation, time off work, setting up new bills etc. However, you can ease the pressure by applying for a loan to assist with some of the unexpected expenses.

You can use your personal loan on essentially anything. In other words, you could even use your money to cover small renovations.

Cut out the hassle by using Monzi

If you need a loan to secure a property, chances are you don’t have a lot of time to lose. However, looking for a lender independently could take hours of online searching, and potentially days of waiting for a response. Therefore, by the time you’ve secured a loan, your perfect property might have been rented to someone else.

Free access to hundreds of different loan products!

By filling out Monzi’s free online application form, we are able to scan through hundreds of different loan products. In short, we’ll aim to pair you with a lender who fits your individual circumstances.

Get an answer on your bond loan straight away

No need to wait at the end of a keyboard, or phone for an answer, our automated system will let you know at lightning speed. Next, if you’re matched with a lender, they’ll get in contact directly.

No obligation

You are under no obligation to say yes to a lender at any point until you’ve signed a contract. Put simply, if you don’t like the terms that the lender is offering, or your circumstances change, then just say – no thanks!

Feel safe with us

It can be difficult to know who to trust when looking for a cash advance online. How do you know if they’re legitimate? Additionally, how do you know who is going to give you reasonable terms? With Monzi, you don’t have to worry. In short, we only work with reputable lenders who take their responsible lending obligations seriously.

Your data stays in our hands

We are very concerned with data security, which is why we are partnered with security leaders McAfee and Comodo to make sure that your data is secure. As a result, your data will only be shared with lenders regarding your specific loan application.

How do I get a bond loan through Monzi?

Step 1: Apply!

With our easy-to-use online loan application form, applying for a loan shouldn’t take you more than a few minutes! Therefore, there’s no need to fill out any time-consuming paperwork. In short, all you need are your bank account details, MyGov info and personal contact details.

Step 2: We find you a lender

Our smart automated system then does the work for you. Put simply, Monzi searches through hundreds of loan products to try and pair you with a lender who might be able to help. In addition, we’ll do our best to match you with a lender within 60 minutes of applying (within business hours). Finally, once we’ve matched you, your new lender will be in contact. Generally, they’ll conduct their own assessment of your application.

Step 3: Say hello to your loan

If your lender approves your application, they’ll send through a digital loan contract. Once the contract is signed, your loan will be on it’s way to your bank account.

Bond loan securing pink house with woman standing in front

Who can apply for rental bond loans?

Unlike government loan schemes, we are inclusive when it comes to our application process. All you need to apply for a rental loan is:

  • Have an internet banking account;
  • To be 18 years old or over;
  • Have an income for at least the past 3 months in a personal account;
  • To be able to provide a bank statement to prove income.

Can I apply for a bond loan if I receive a Centrelink payment?

Yes! We are happy to work with lenders that offer bond loans for Centrelink customers. To apply you will just need to provide us with your MyGov info, bank account details and personal information.

Can I apply for a bond loan if I have a bad credit history?

We believe that every Australian deserves a second chance, which is why we work with lenders who won’t turn you away just because you have bad credit. Monzi, although, cannot guarantee whether or not a lender will conduct a credit check on your application. However, they can often focus on your current relationship with money.

Looking for instant loans of up to $10,000? Monzi might know the lenders.

How do repayments work?

The way that you arrange your repayments is subject to your individual lender. With the majority of lenders, you will set up a direct debit with your bank account, so your repayments will come out automatically on a designated date every week, fortnight or month. If your circumstances change and you need to change your repayment schedule or amount, just contact your lender and they will work something out with you. Most changes to repayment need a minimum of 24 hours notice.

How much will a bond loan cost?

The total cost of your loan will depend on how much you borrow, and how long you need to pay it back. Terms will vary from lender to lender, but you can see the approximate amount that you will pay below:

Small Loans

  • E.g $300 to $2,000
  • Repayment term: 12 months
  • Unsecured

Medium Loans

  • E.g $2,001 – $4,600
  • Repayment term: 13-24 months
  • Secured

Large Loans

  • E.g $5,000 – $10,000
  • Repayment term: 13-24 months
  • Secured

To get an idea of what your repayment amount would be for the amount you want to borrow, you can check out our online loan calculator.

Some loan types may have other payable fees and charges. If you have missed a repayment on your loan, there may be additional fees that apply. To find out more about fees and charges for small loans, feel free to give our customer service team a call or pop an email in. We’re happy to answer any questions you may have.

Finally, please note that Australian lenders may offer different repayment terms to what is presented above.

Can we help people searching for bad credit loans?

Yes, we certainly can! If you have bad credit and you’re looking for quick cash loans, then you may have been knocked back by traditional lenders. Big banks can say no to bad credit, but we can find a lender that can say yes! That’s what we do. How you may ask? We find lenders that can look at more than just your credit score. They can also look at your current relationship with money, including your income and expenses when assessing your unsecured loan application with bad credit.

Can we help Aussies on Centrelink with a bond loan?

Yes, we sure do! If you’re receiving Centrelink and you’re looking for a personal loan you may get knocked by big banks. That’s when you can apply with Monzi. We find lenders that can look at your application and see the big picture. They can consider Centrelink payments as a regular income as long as you’ve been receiving them for at least 3 months. So, if you’re on Centrelink and looking for a loan, then we may be able to find the right lender that can offer fast loans for people on Centrelink.

We are proud to connect real Aussies with Aussies lenders. Whether you need a personal loan in QLD, or in NSW, we are here to help.

Apply today to find out what size loan you could get, or check out our FAQs if you have more questions.

Finally, consumers with any further questions can email us directly at

Rental bond loans Australia-wide

One of the best things about our 100% online service is the fact we can help people from all over Australia make a loan application for a rental bond.

Renting in Queensland

Living in Queensland and need to cover your bond? Monzi may be able to help.

Moreover, lenders may be able to give you an outcome so fast it feels almost instant.

In addition, each lender in our network is an individual company. Therefore, we cannot guarantee if they offer instant loans no credit check, or whether they accept applicants with poor credit listings.

Rental bond Victoria

Consider Monzi if you need to cover your bond in Victoria.

If you need to access your money as fast as possible, consider applying online for loans.

Apply during normal business hours and you might get a super quick outcome. Just remember, when you make your application, lenders may vary in their fees and charges.

As a result, make sure you read through your loan agreement carefully before making a decision.

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You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000


12 months


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Loan amount

$2,001 - $4,600


13 months

24 months


48% annual percantage rate

67.41% comparison rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months

24 months


21.24% annual percantage rate

48% comparison rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.