If you want to rent privately, most residential rental providers will ask you to pay a bond before you move in. A bond is a security deposit in case you damage the property. The bond money is held by the Residential Tenancies Bond Authority. It is returned in full at the end of your lease, unless the residential rental provider is eligible to claim for damages or unpaid rent.
The loans are for bonds only. If you need help with moving costs or for rent in advance, you may be eligible for help from the Housing Establishment Fund, see Financial help for private renters.
How much can I borrow?
A bond loan amount is determined by the size of the property and the number of people living in the property.
RentAssist bond loan eligibility
You must meet the department's eligibility criteria to be approved for a bond loan.
Apply for a RentAssist bond loan
You can apply by yourself, as a couple or as part of a shared household.