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. In other words, if you need cash today to relocate, it could be an option for you.

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 easy 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.

How much is rental bond in Australia?

The rent of the property will determine the amount of bond that you must pay. Generally speaking, if the rent of the property is under $700 per week, then you will need to pay a maximum of four weeks worth of rent as bond.

To put this into an example, if the rent on a home is $500, then you would need to pay a bond of $2,000. This is the maximum amount that your lessor may charge, however, your landlord may be prepared to accept a lower amount.

Maximum bond amounts for rental properties over $700 per week may vary. As a result, you may need to negotiate the amount with your lessor or real estate agent.

Rental bond loans for pensioners

Are you a pensioner? Do you think that it will be impossible to access credit?

Luckily, it may not be. At Monzi, we work with some lenders who may offer loans for pensioners. So, whether you receive the aged pension or the DSP, you could be eligible. Moreover, you can potentially use the money that you borrow to cover your rental bond.

However, keep in mind that while some lenders may offer loans to people on a pension, approval is not certain. You must still meet several requirements that relate to your capacity to repay the loan. For instance, lenders may impose minimum earning or credit score requirements.

As a result, a pension alone may not be sufficient to receive approval. You must prove that you are in a secure financial position and can repay the money you borrow too.

How do I apply for a bond loan in Queensland?

One way could be to apply with Monzi. After all, our lender-finder service is available Australia-wide. In other words, your location doesn’t matter. As long as you meet our eligibility criteria, you’re welcome to apply for cash on your mobile with Monzi.

As a result, if you’re a Queensland resident looking to take out a personal loan to cover the cost of your bond, Monzi might be able to help. Apply for cash loans from $300 to $10,000 today.

Is a rental bond the same as a deposit?

No. While they are both paid up-front, only a bond may be returned.

To explain this further, bond is a type of security that lessors require to protect themselves if you breach the rental agreement. For instance, maybe you vacate the property with rent owing, or you cause damage to the property that must be repaired. If this occurs, then your lessor may use your bond to cover the associated costs.

However, if you do not cause damage and remain up to date on your rent, then when you move out, your lessor should return your bond in full.

This is different from a deposit for a home loan, car loan or even other purchases where you must pay a portion of the costs upfront. Moreover, with a deposit, your money won’t be returned to you.

How much of your bond do you get back?

Generally speaking, if you comply with your lease agreement and leave the property without damage, you will likely have your bond returned to you in full.

However, if you owe rent when you move out or there is damage that must be fixed then your lessor will deduct these costs from your bond. As a result, your lessor may only refund a portion of your bond to you.

Typically, to receive your refund, you will need to reach an agreement with your lessor. However, if you are unable to reach a compromise, then you may need to contact the Rental Tenancies Authority to lodge a dispute.

Can I get an emergency bond loan for bad credit?

Yes, potentially.

If you’ve got bad credit, it can often feel inescapable. Luckily, your bad credit doesn’t have to define you. At Monzi, we may be able to put you in touch with a lender potentially willing to consider bad credit applicants.

Best of all, if you’re in the midst of an emergency move, you may be able to apply for a bad credit loan to cover the cost of your bond. Although, be aware that lender do vary in their attitudes towards bad credit. As a result, approval is not guaranteed and may depend on the lender you are dealing with.

Bond loan calculator: understand the costs

When it comes to personal loans, there are always costs involved. So, if you’re looking to apply for a personal loan to cover your bond, you must first consider how much your repayments may be. In short, they will typically be made up of both a principal and an interest component.

One great tool that you can use in these situations, is a bond loan calculator. These resources may be offered online by a number of financial institutons. With this, you’ll be asked to provide a few key details (e.g. amount, interest rate, etc.) and in return, you’ll receive an estimate of your repayments and total loan costs.

Alternatively, you can use Monzi’s loan slider at the top of the page as a loan repayment calculator. Just select your loan amount and repayment term and the slider will generate an estimate of your proposed personal loan repayments. However, keep in mind that these figures are for demonstrative purposes only.

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 provide you with seemingly instant loan approval in some cases.

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 offer loans with bad credit.

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.

Out west? Bond loan WA

We haven’t forgotten about our friends in Australia’s westernmost state. So, if you’re residing in beautiful Perth or anywhere in the great state of Western Australia, you’re welcome to apply for a bond loan with Monzi. After all, as we’ve mentioned, we’re here to help all Australians.

So, whether you’re moving out of your parents’ home for the first time or just looking to relocate, you may be able to get a little assistance with covering your bond. However, remember that any money you borrow must be repaid with interest.

Got an expense to cover other than your bond? That’s OK too. The lenders in Monzi’s network may offer cash loans to Perth residents and other WA locals to cover a variety of expenses up to $10,000.

Can I get a rental bond loan in NSW?

Of course.

Monzi is available Australia-wide. Moreover, we know more than a few lenders who can potentially offer cash loans to cover your rental bond. So, if you’re after cash amounts in your account fast, turn to Monzi.

However, remember that we cannot guarantee if your application will be approved. All applications must be assessed to determine if the loan is suitable for the borrow. Moreover, do your research to determine if there may be government support available to assist you with covering your bond.

Apply today.

How do I get a bond loan through Monzi?

When you need a housing bond loan today, Monzi’s here to help. We’ve matched hundreds of Aussies just like you with credit providers offering personal loans online up to $10,000.

So, when you’re ready to begin, just follow these easy steps:

Step 1: Apply for a bond loan!

With our easy-to-use instant 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. After all, they cannot offer guaranteed approval bad credit loans.

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 its 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 three 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.

Having said this, keep in mind that if you do receive Centrelink, then a personal loan to cover your bond may not be the best choice. After all, these loans may be expensive. As a result, you should consider investigating other Centrelink and government bond support that may be available.

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 who may offer bond loans bad credit.

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. Given this, Monzi cannot say with certainty how much your bond loan may cost.

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. Just select your ideal loan amount and repayment term and we’ll provide you with an estimate of what your repayments may be.

Finally, please note that Australian lenders may very in their repayment terms. As a result, your costs may vary based on your lender.

Can we help Aussies on Centrelink with a bond loan?

Yes, we sure can! 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 three 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

Instant bond loans

Need cash to cover your bond fast? An instant cash loan could be an option for you.

However, when it comes to instant cash loans offered online, it’s important to keep in mind that they aren’t a literal promise. In other words, you won’t receive an outcome the instant you apply. Instead, lenders will put your application under the microscope in order to determine if the credit you’ve applied for will work with your budget.

As a result, always remember that there will be some processing time involved. Moreover, if you see a lender offering instant approvals, this simply refers to scenarios where you might receive an outcome in what feels like no time.

Responsible lending

In Australia, lenders are governed by strict lending regulations designed to protect borrowers. In short, these regulations are based around the central premise that lenders must not offer a loan to a borrower that is not suitable for their needs and circumstances.

With this, lenders must assess all applications they receive to determine the suitability for the borrower. To do this, they must comply with three responsible lending obligations which they will use to reach an outcome.

These are:

  1. The lender must make reasonable inquiries into a borrower’s financial situation and their loan objectives.
  2. They must take steps to confirm this information (e.g. via credit checks).
  3. Based on their findings, the lender must make a final assessment as to whether the loan is suitable for the borrower.

From there, you will receive an outcome. From there, you will receive an outcome. This process outlines not only why loans approved instantly are not possible, but why lenders cannot offer guaranteed approval loans either.

Easy bond loans for you

If you’ve got bad credit or earn a low-income, then easy approval loans to cover your bond payment might seem like a great solution. With these loans, lenders may offer credit with eligibility requirements that aren’t quite as strict as those offered by other lenders. As a result, they may be an accessible credit option for you.

Having said this, don’t confuse easy approvals with guaranteed approval. Even if a lender is more lenient, they will still assess your application to ensure that the loan is suitable for your needs and circumstances. As a result, approval is not certain.

Can I get a bond loan same day?

In short, potentially. However, we cannot guarantee if this is possible.

If you apply with Monzi, we’ll do what we can to pair you with a lender ASAP. During business hours, this may take as little as 60 minutes. From there, your lender will be in touch to assess your application and they will aim to provide you with an outcome fast.

If everything goes to plan, then you may be approved and have your cash transferred to you before you know it. This is how it may be possible to receive a loan on the same day.

Having said this, be aware that there are many steps in the process. As a result, it’s often wise to anticipate a waiting time of up to one business day. Moreover, to be any chance of receiving your cash loan on the same day, you must apply during business hours and provide all the necessary information.

Can I get a bond loan with no credit check?

In some cases, it may be possible. However, credit checks are often an essential part of their assessment process for lenders. As a result, most lenders will not be willing to bypass them to offer loans without a credit check.

In short, lenders use credit checks to get an idea of your reliability as a borrower. In other words, do you have a history of making your repayments on time?

If these checks were not conducted, then lenders would be basing their assessment of incomplete information. As a result, they would be unable to calculate your risk as a borrower. That’s why these loans are typically not offered.

So, while Monzi can potentially pair you with a lender, we cannot guarantee if they will offer you no credit check instant loans to cover your rental bond. It simply comes down to the assessment policy of the lender that you are dealing with.

Do lenders offer bond loans online?


At Monzi, we work with plenty of excellent credit providers who may offer you the online loans that you need. In short, it takes the hassle out of accessing credit.

While in the past, you might have had to travel to the bank, these days, you can just submit one easy application with Monzi. From there, we’ll try our best to pair you with an available lender from our network. Best of all, you can potentially access cash loans online from $300 to $10,000.

So, think that a personal loan to cover your bond could be the right option for you? Apply with Monzi today. Just scroll up and use the loan slider at the top of the page to begin your application now.

What should I consider before applying for a bond loan?

Before applying for a bond loan, or any fast cash loan for that matter, it’s crucial to have a complete idea of your financial situation. By knowing what you can afford to borrow and repay, you can give yourself the best chance of managing your loan effectively. Moreover, you might find a few ways to cut costs to reduce the amount that you need to borrow.

So, before you apply, ask yourself the following questions:

  • What’s your income?
  • What are your current regular expenses (e.g. rent, food, bills)?
  • Do you have any current outstanding debts or on-going repayments?
  • Are there any major expenses up-coming?
  • How much do you have in your savings?
  • What repayment amount could you comfortably afford?
  • Are there any ways that you could cut costs to reduce your necessary loan amount?

How do I compare bond loans?

When it comes to bond loans, they’re not all created equal. As a result, it’s often wise to shop around. By comparing lenders and the products that they offer, you can access more favourable terms. Moreover, you may also be able to save yourself money too.

To help you out, see below for some of the key things that you must compare:

  • Personal loan rates: this rate determines your interest payment. In short, it’s the amount that you must repay on top of what you borrow. Lenders usually express this as an annual interest percentage. As a guide, a lower rate is usually better.
  • Additional charges: lenders typically charge some extra fees. These may be one-off or on-going and will be detailed in your loan contract. So, read to it carefully so that you know exactly how much you will be paying.
  • Comparison rates: combines your fees and rates into one easily understood annual percentage that represents your total loan costs. Use it to compare loans based on cost.
  • Loan amounts and terms: how much can you borrow and how long do you have to repay it?
  • The lender: check their user reviews online to get an idea of past borrower experiences.

Why was my bond loan application denied?

In short, Monzi is unable to say why your lender denied your quick loan application. After all, we do not conduct your assessment. Once we have paired you with a lender, our job is done and we are not made aware of the details of your loan.

Having said this, in most cases, if your application is rejected, then it means that you failed to meet one or more of the lender’s necessary criteria. This may relate to your credit history, income, loan terms or a range of other factors.

As a result, for a clear and direct answer, contact your lender and they may be able to inform you exactly why your application was unsuccessful.

Finally, note that if your application is unsuccessful today that does not mean that you cannot apply with Monzi again in the future. Just make sure that you are in a more secure financial position before doing so.

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.

Apply today

Do you need a bond loan? Monzi might be able to help.

Looking for your next home? Explore Monzi’s guide to finding your perfect Aussie location.

Scroll up and use our loan slider to apply now. Let’s go!

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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 (minimum)

12 months (maximum)


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%. The minimum and maximum loan term is 12 months. 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.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

67.41% Comparison Rate p.a.


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

The Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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 (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

48% Comparison Rate p.a.


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

The Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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.