Bond Assistance

Recent trends in Australian housing have seen more and more people opt for renting rather than owning a home. Being a renter offers you more flexibility over where you choose to live without being tied down to a large mortgage hanging over your head. What you lose in the security of long-term living, you gain in the freedom to choose where and how you want to live. If you’re a renter looking for quick and painless bond assistance, we’ve got you covered.

While you might be saving time and money on large and long-term debts, the upfront costs of securing your next rental can seem overwhelming when the time to move comes. You have rent on the new place and the old one while you’re moving out; the upfront bond payment; removalists costs; professional costs like cleaners and gardeners.

That’s why MoneyMe has developed a range of quick loans designed to help you get the cash you need to help with paying upfront bills like bond assistance and rent assistance. You can shave moving costs down by moving yourself and taking care of your own cleaning, but you can’t do anything about your bond and rent. That’s where we can help.

When you choose to rent your home, you are asked for a bond payment upfront. Depending on which state you are renting in, this bond payment may be an equivalent of 4 to 8 weeks’ worth of rent and is paid separately to the rental fees itself to secure your new house or apartment. It is held in trust by the state bond board for the term of your rental period and is used as security against any damage caused to the property while you’re renting.

After your rental term, your real estate or landlord (if you are renting privately) will complete a final inspection of the house you have been living in and let you know if there are any costs for cleaning and repairs that will need to be deducted from your initial bond payment. Once both you and your landlord have agreed on those costs – if any – the bond is returned to you in a lump sum payment. This usually happens within a couple of weeks of vacating your old property but it means that until your bond is repaid to you, you’re out of pocket a few thousand dollars.

This is where our bond assistance comes in handy. It acts as a quick loan designed to help you cover those upfront relocation costs. MoneyMe offers a range of unsecured personal loans of up to $50,000 which you can access quickly and painlessly with our entirely online application process with fast approval times. We specialise in offering easy loans that you can use to cover costs like upfront bond repayments, rent assistance and even for furnishing your new home! 

The terms for our loans are flexible and we don’t charge you early payout fees which means that you can apply for any of our same day loans today, get the funds you need for a smooth and comfortable move, and then chop down your total interest payable by making additional payments. For example, if you apply for our personal loans Australia to help with bond assistance and other moving costs like professional cleaners, removalists and some new furniture for the new place, then once the bond is returned to you on your old accommodation, you can put it straight on to your new loan balance. You reduce your total loan amount quickly, save on interest and still comfortably manage the remaining monthly repayments along with the rest of your living expenses.

Use our online personal loan calculator to help you answer the question: “How much can I borrow?”

A personal loan repayment calculator will offer you indicative monthly repayments based on the ideal cash loan amount that you’re looking to borrow. You can use this calculator to help you plan a rough budget, factoring in your new rental expenses, and help you choose which between our personal loans or our line of credit is the better option and gives better personal loan interest rates.

While our unsecured loans are offered for up to $50,000 and come at competitive interest rates, you may find that a revolving line of credit is the better option for where your money is at right now.

MoneyMe’s innovative pay-later solution, the Freestyle Virtual Credit Account, offers you an approved limit of between $1,000 and $10,000. It’s like your buy now pay later and credit card rolled into one, but lets you do so much more.

Rather than a conventional credit card offered by your bank, Freestyle works like a virtual credit card that lives inside your smartphone and not in your wallet. You can use it for everyday purchases over thousands of retailers whether you are shopping in-store or online. And with simple taps on your phone, you can use it to transfer money straight to your account or pay anyone fast! It’s like having access to a never-ending stream of small loans to help you pay for emergency costs, score great deals on flights and other sales, pay your bills, and move to a new house. It’s easy cash exactly when you need it.

You can draw down on your pre-approval amount and repay it slowly over time, or clear your entire credit balance immediately. Once you have repaid the credit that you have borrowed, that credit amount becomes available to borrow again immediately. You can use your credit funds like a mini loan or cash advance to tide you over between pay cycles, or for bond assistance on your new property, repaying it completely once your old bond comes back to you. 

If you are planning a getaway, you may apply for our travel loans to help you pay for everything straight away. Travel agents and online deals tend to offer early-bird discounts for holidaymakers who pay the entire fee for their tour and accommodation upfront, and you surely don’t want to miss that!

Get approved for cash loans online or same day loans now to secure your next travel adventure and save up when you pay for everything at once. If you’re not planning to go overseas but still wish to make the most of the best months of the year, you may apply for a boat loan or a car loan. They’re exactly the same day cash loans you need to finally purchase your dream water cruiser or upgrade your car for your next road trip.

As a responsible money lender, we’re all about providing fair and transparent rates for our quick loans, including our short term loans and renovation loans. We will only lend you if we think you’re in a position to repay your loan comfortably.

Get access to fast and easy student loans for paying tuition fees and getting the equipment you need for your new course, as well as bond assistance and small personal loans to help you get your feet under you in a new city. To be eligible to apply for our express loans you must be at least 18 years of age, a permanent resident of Australia and currently employed. Everything happens online – from your quick and simple application up to getting your funds. We don’t make unnecessary phone calls or swamp you in reams of paperwork. 

MoneyMe is the go-to finance solution of Gen Now, and we are committed to providing smart and straightforward access to fast credit funds. Apply online today for bond assistance and reduce the stress of moving by securing your new rental home in no time.

Bond assistance, also called housing bond loan, is a type of personal loan with a specific purpose: to provide you with quick cash to pay for the deposit or bond on a rental property. MoneyMe understands the importance of an easy and quick application process, especially in today’s rental market, where properties in great locations are easily snatched by tenants. As a result, we eliminate time-consuming paperwork and phone interviews so you can access financing the same day as you send your loan request to us.

First things first – make sure that you choose a lender that offers competitive rates, favourable repayment terms, and excellent customer support. As an innovative financial service provider that caters to tech-savvy borrowers, MoneyMe meets these requirements. 

Once you’ve chosen a reputable lender, the next step is to read their credit products and the requirements during the application process.

To qualify for MoneyMe’s bond and rental assistance or any type of personal loan, you need to be an Australian resident, currently employed, and at least 18 years of age. We also take into account your credit report, especially your payment history, to make sure that your requested amount is something you can comfortably repay throughout the duration of the loan. 

To apply for Moneyme’s bond assistance or any fast cash loan, go to our site and click ‘Personal Loans’ and the ‘Apply Now’ button. Next, fill out the application form with your personal and bank information, income, monthly expenses, employment status, company name, duration of your loan, reasons for borrowing, and requested amount. 

Our easy and quick bond loan application generally takes around three minutes or five minutes at most.

Thanks to some innovative financial service providers and online loan companies like MoneyMe, it’s now easy to get bond assistance for rentals. It was hard to get quick loans because traditional lenders and banks had a lengthy loan application process. 

The short answer is yes. Landlords must return their tenants’ security deposit, minus any rent owed and other reasonable costs, within 14 days after vacating the rental property. That being said, you can use this money to pay off your bond loan early, helping you save money since doing so reduces your interest costs. 

Unlike many lenders, MoneyMe allows borrowers to pay off their personal loans or cash advance sooner without any early repayment fees. 

Aside from government bond assistance, you can also get this financing option from online lenders like MoneyMe. If you need money to cover security deposits for property rentals, simply visit our website and fill out our online application form with your personal and bank information. Within the same day, you’ll get a decision. Once approved, we immediately transfer the funds to your bank account.

At MoneyMe, the application process, decision, and money transfer are generally completed within the same day, provided that you allow us to conduct online verification of your bank statement and your bank account is quick to process the funds. 

But if you send your application outside of business hours, it will be processed the next business day. 

We understand that the property market in Australia moves fast, especially in major cities, making it difficult to secure a high-quality apartment or townhouse if you don’t have enough savings to cover the security deposits. Nowadays, almost all landlords ask for bond or security money to protect themselves in the event of non-payment of rent, damages and other losses.

Aside from your personal details and employment status, we also need to see your most recent bank statements to assess your creditworthiness. However, you don’t have to send us a printed record because we use a safe and secure portal provided by illion Open Data Solutions that allows us to assess your bank statements. 

We can only access ‘read-only’ snapshots of your bank statements; it’s not possible for anyone at MoneyMe to know your passwords and other sensitive information. 

Throughout the duration of your loan, we may continuously obtain bank statements for the purpose of ongoing account management. 

Not all lenders that provide bond assistance are created equal. At MoneyMe, we’re able to offer interest rates lower than our competitors because we do everything online – no expensive office rent and overhead costs related to managing a physical site. Instead, we rely on a powerful and secure platform and a team of skilled and dedicated professionals. 

In addition, our housing bond comes with a simple repayment scheme in which your debit card is set up with your MoneyMe dashboard, preventing accidentally missed monthly payments and its ensuing extra fees. 

To learn more about our bond assistance and other lines of credit and loan products, or if you need to use a personal loan calculator, visit MoneyMe and check out which of our financing options will suit you best.