Rental Bond Loans - Rental Bond Loans WA up to $10,000

A rental bond loan provides funds specifically for paying the security deposit (bond) required by landlords when starting a new tenancy. In WA, the rental bond usually amounts to four weeks’ rent, with the WA Government regulating the maximum bond to be up to four times the weekly rent unless the rent exceeds $1,200 per week, in which case there is no cap on the bond amount. This can add up quickly, especially when combined with other moving expenses.

With a rental bond loan from Fair Go Finance, you can avoid out-of-pocket stress and repay the bond loan over time, with flexible terms designed to fit your budget.

We believe in full transparency to ensure you make the best financial decision for your situation. Learn more about our cash loans in Perth, including low-interest and instant cash loan options.

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• The Western Australian Government sets limits on rental bonds, typically capping them at four times the weekly rent. Here’s a quick look at rental bonds based on current WA rental rates: 

  • Average Weekly Rent in Perth: $600 (March 2024) 

  • Estimated Bond: $2,400 (four times weekly rent) 

  For properties with rent over $1,200 per week, there are no bond limits, and pet bonds may be required. A pet bond of up to $260 may apply if pets are permitted in the rental property. 

   

  Fair Go Finance provides rental bond loans up to $10,000, covering these bond costs and any extra moving expenses to help you get settled without worry. 

Moving into a rental involves various expenses beyond the bond, and it’s important to budget accordingly. Here’s a breakdown of typical moving costs for WA renters: 

• Rental Bond: Generally four weeks' rent (or higher if the rent exceeds $1,200 per week). 

• First Month’s Rent: Some leases require advance payment of the first two weeks to one month’s rent. 

• Utility Set-Up Fees: Connection fees for electricity, water, gas, and internet can add to initial expenses. 

• Moving Services: Hiring a truck or moving service, especially if moving long distances. 

A rental bond loan can cover these costs, helping renters transition smoothly without financial strain. 

How to Apply for a Fair Go Finance Rental Bond Loan 

Applying for a rental bond loan with Fair Go Finance is straightforward, with a few simple steps: 

1. Check Your Eligibility: Confirm that you meet our basic requirements (be at least 18, have a stable income, and be an Australian resident). 

1. Complete the Online Application: Provide some basic details about yourself, your employment, and your income. The application takes only a few minutes to complete. 

1. Get Approval: Our team reviews your application, with approval typically granted within one business day. 

1. Receive Funds: Once approved, funds are deposited directly into your account so you can secure your new rental property without delay. 

1. Flexible Repayment Options: Choose from multiple repayment terms to ensure the loan aligns with your financial needs.