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A bond assistance NSW is a type of personal loan that has a very specific purpose: it allows borrowers to pay the bond or deposit (typically paid at the beginning of a tenancy) on a rental property in New South Wales. It’s usually repaid anywhere from twelve months to five years, depending on your preferred loan duration.
At MoneyMe, we understand that some borrowers need quick cash loans to secure their dream apartment that’s near their workplace, family, or university.
Our quick and easy online application allows most borrowers to access funds within the same day as they send their loan requests. After all, we know that the current rental market moves at a dizzying speed that people who lack funds often miss out on time-limited opportunities such as securing a residential property that can make their life convenient or even help them save money in the long run (e.g., lower monthly rent than their previous apartment).
If you wonder whether you can get bond assistance NSW for community housing, the short answer is yes, provided that you meet certain requirements. After all, this is still a rental property.
In a nutshell, community housing is affordable housing for people with low to moderate incomes who need long-term rental housing.
At MoneyMe, we require bond loans applicants to be at least 18 years old, currently employed, and an Australian resident. We also take into account your credit file, especially your payment history, to ensure that you can conveniently repay your borrowed amount without overextending yourself.
When you apply for our bond assistance NSW, you need to fill out our application form with your requested amount and your preferred loan duration so we can show you your scheduled repayment amount.
Remember, your scheduled repayment amount depends on your borrowed amount and the duration of the loan. That being said, you may want to adjust them according to your unique circumstances so you can conveniently repay them without the need to resort to extreme cost-cutting measures that may affect your family or household.
The longer the loan duration, the lower your scheduled repayment, although you pay more interest cost. By contrast, a shorter-term loan means a bigger scheduled payment amount, but you pay less interest during the entire length of your housing bond loan.
To apply for MoneyMe’s rental bond loan, click ‘Personal Loans’ on the navigation bar of our website. Next, click ‘Apply Now’ and fill out the application form with your personal and bank details. You also need to mention your employment status, income, monthly expenses, company name, reasons for borrowing, duration of your bond loan scheme, and requested amount.
You can fill out our bond loan application form in three to five minutes. Just make sure that your personal and bank details are accurate so we can immediately assess if you are eligible to apply for rental bond loans NSW. At MoneyMe, we know that the rental market in NSW moves fast that quality apartments and townhouses don’t sit for more than a few days on the market. For this reason, we streamline our application and approval process.
Provided that you submit your application during business hours and all your personal and bank details are accurate, you can immediately access funds from our same day cash loans. With quick funding, you don’t have to worry about missing out on your dream apartment that’s nestled in a quiet spot but is located near your workplace.
During the application process, we obtain a copy of our bank statements using a safe and secure portal that allows us to access read-only snapshots of your most recent transactions. No one at MoneyMe can change or view your passwords and other sensitive information.
By conducting an online verification of your most recent bank statements, you don’t have to spend time and effort getting your own printed copies or payslips or any documents and sending them to us. As an innovative lending company, we eliminate paperwork and other hassles that can prolong the application and approval process.
Nonetheless, before we extend you a bond loan NSW, we conduct our own risk assessment to ensure that you can comfortably meet your scheduled repayment. Given that your bond loan eligibility is important, we check your credit file, especially your payment history.
However, having a mark on your credit file doesn’t mean we automatically decline your housing bond loan application. At MoneyMe, we look at your entire situation, including your current salary, debt obligations, and living expenses to ensure that we come up with a fair decision.
If you want to know how much easy money or bond assistance NSW you can conveniently repay, use our personal loan repayment calculator, which allows you to select a borrowed amount (ranging from $5,000 to $50,000) and the duration of your loan (twelve months up to five years). Depending on your current salary and debt obligations, you may want to adjust the loan amount and/or term to come up with an amount that you can repay without overextending yourself.
MoneyMe’s repayment calculator also allows you to select the repayment frequency, which can be either weekly or monthly. To learn more about our bond assistance NSW, visit our website and choose from our comprehensive list of financing options.
Bond Assistance NSW
JayceenemoAug 09, 2023
Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.
BGCJun 13, 2023
Simple process, easy to follow application, quick response time and good support.
BradMay 31, 2023
I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.
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$395 for loans between $5,000 and $15,000
$495 for loans between $15,001 and $50,000
Minimum 3 years
Maximum 5 years
Early exit fees