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Rent Assistance Eligibility & Information

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What is rent assistance?

Rent assistance is a way for Australians to access a private rental property, by providing the funds needed to help pay the upfront bond. Using rent assistance means a potential renter won’t miss out on securing a rental property because they haven’t been able to save the entire deposit themselves, allowing them to enter the rental market faster.

Wanting to rent but need some help?

Rent assistance helps give younger Australians a fair go in accessing rental properties they may have otherwise missed out on.

Because Australian property prices have been on an upwards trajectory for many years now, the dream of home ownership can sometimes feel almost impossible for many younger Australians. But this doesn’t mean staying in the family home indefinitely, or living in a property that doesn’t suit your lifestyle or needs.

In lieu of purchasing a property, an increasing number of Australians are now deciding that renting is the solution for them. The challenge here is that this is causing the rental property market to become more competitive too, increasing the need to be able to act quickly to secure a rental property.

Don’t let an opportunity slip away

This is where obtaining rental assistance from MoneyMe can be vital. If you’ve found a rental property that works perfectly for you – whether it is close to work or university, or you have the chance to rent with friends – you don’t want to miss out just because you won’t have the funds to pay the bond without saving for months.

Just remembering that rental assistance is available can give you the confidence to inspect rental properties knowing you won’t miss out because of finances.

How do I apply?

If rent assistance sounds like exactly what you need right now, the process to apply is super simple – you can even do it from your mobile during the property inspection from your mobile!

Simply click on the “Apply Now” button, and we will guide you through providing certain personal details, such as your income and expenses, and give you a decision on your application in just a few short minutes.

Depending on who you bank with, you could receive your funds in just an hour, which means you’ll be good to sign the lease that very same day – simple!

MoneyMe also offers rental bond loan solutions such as:

Things to know
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Tailored rates

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of customers
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Ready to get started?

Rent Assistance up to $50,000 Approved Online | MoneyMe

The big move made easy

One of the ways Australians access private rental properties is through rent assistance. And with MoneyMe, you can get rent assistance fast without the hassle of lengthy paperwork or waiting days for an answer. When you apply with us, you can get up to $50,000 in minutes to help you pay your rental fees upfront.

Learn more

The big move made easy

One of the ways Australians access private rental properties is through rent assistance. And with MoneyMe, you can get rent assistance fast without the hassle of lengthy paperwork or waiting days for an answer. When you apply with us, you can get up to $50,000 in minutes to help you pay your rental fees upfront.

Life is full of ups and downs and your financial health is always something you need to keep a close eye on. If you’re looking for quick credit options like loans from online money lenders to receive rent assistance, you can always choose MoneyMe. With our entirely online process and fast loan outcomes, you don’t have to look anywhere else.

 We get this generation’s constant need for quick services, that’s why we’ve built a complete suite of credit products that everyone can access anytime, anywhere. Apply online, get an outcome in minutes, and have the money in your account in as little as 60 seconds. We’re all about making it easy for you.

 You have the freedom to decide where to use our credit products. To start, you may choose between a personal loan and a line of credit in the form of a virtual credit card. You may also opt for unsecured loans like student loans to cover tuition costs, bond loans for helping with moving expenses, wedding loans to perfectly plan your big day, or an unsecured car loan and boat loan options for big asset upgrades.

A quick solution for living expenses

Living expenses include a range of everyday costs associated with utility bills, rent, entertainment or repayments for a credit card or existing loans. Renting a property or a room comes with a fixed weekly, fortnightly or monthly payments that need budget allocation. If you’re just starting out and just moved out of home, getting used to your rental commitment can be a bit challenging at first. Usually your landlord will have offered you a lease that stipulates what your commitment is, how long your lease is for, and other important rental terms and conditions.

 Having access to credit funds like rent assistance is a smart option that may help you comfortably afford your living expenses. We believe in responsible lending, that’s why we are offering a range of credit products tailored to every individual’s personal circumstances.

 If you’re moving into a new apartment and looking for an easy option to cover upfront rental expenses, our rent assistance in a form a bond loan may offer you the solution you need. MoneyMe offers you access to quick loans online, helping you secure and fast track your big move to a new rental property. Offered in the form of unsecured personal loans, you may get the on-the-go cash you need in a matter of minutes. Having such quick access to credit allows you to transfer funds to your real estate agency in no time, giving you time to focus on your new life chapter.

Cover more than just your rent

A line of credit can also be a great option if you are looking for rent assistance that you can access quickly. Rather than using short term loans, small loans or instant loans for covering your bond amount upfront, you can apply for a product that offers you a cash advance right when you need it. Our Freestyle Virtual Credit Account can give you exactly that, with its flexible terms that allow you to use up to $10,000 for rental purchases in just a tap, all from your mobile.

 And it’s not just for rent assistance. With Freestyle, you can do a lot more with your credit. Using your virtual card stored on your mobile, you can stock up on your groceries, buy concert tickets, cover emergency car repairs or even pay for your new outfit – the possibilities with Freestyle are endless, and you can use and bring it with you wherever you go.

 Maybe it’s time to go on another adventure, so you’re looking for a travel loan. Freestyle helps you pay for everything upfront and enjoy your travels without worrying about finance. Freestyle can be used anywhere in the world that accepts Mastercard so it’ll be the best travel companion! Plus, the repayments are easy. You can repay the costs of your trip according to your preferred repayment duration so you can stay on top of your budget without breaking the bank.

Know your ideal rate

How much can I borrow? If you’re interested in any credit product, the first step you should take is finding a personal loan calculator. These are online tools designed to help you learn more about what you can comfortably afford to borrow from an Australian Credit License holder. A personal loan repayment calculator will give you an indication of how much you will need to pay fortnightly or monthly, depending on your pay cycle and preferred repayment duration. By using a loan calculator, you’ll get an idea of how you’re going to allocate your current budget to give way for your new repayments. It’s also a great way to see how your current financial situation can benefit from access to these short term loans or cash loans.

 These tools also help you understand how interest rates affect your borrowed amount for rent assistance. Personal loan interest rates will differ loan products, loan terms and the borrower’s credit history. You can calculate how much your regular repayments will be for cash loans online and see which part of the repayment goes toward paying off the principal loan amount and how much of it is the interest payable.

How to apply for rent assistance

If you’re interested in applying for rent assistance or same day loans with us, you must be able to meet our three basic requirements. To be eligible to apply, you must be at least 18 years old, a permanent resident of Australia and receiving regular income. We take into account various factors when reviewing your application for our easy loans or same day cash loans. Apart from your personal information, we also look into your credit score, income, financial commitments and living expenses.

 Along with this information, we also ask for your online bank details. We obtain them as read-only documents of your banking activity for the last 90 days, allowing us to fast track your application and avoid the hassle of too much paperwork. The data comes from a trusted and secure portal that uses the same level of encryption as your bank, so you can be assured that your data is safe and secure. These snapshots, along with the new Comprehensive Credit Reporting and some personal and employment details, are all we need to come up with a loan decision tailored to you.

Apply now

MoneyMe has been changing the way today’s market accesses rent assistance. Everything happens online, from your application up to receiving your funds. It’s all digital, which means you can finally forget about long queues and waiting days to get the extra cash you need for your rental expenses. Apply now, get an outcome fast and once approved, your funds hit your bank account in a matter of minutes.