Bond Loans
Bond Loans
Our bond loans help you secure new rental accommodation.
Bond loans provide needed funds to be used to pay your rental bond, or rent advance that will be required by a rental agency or landlord. Moving is one of life’s most stressful events, and it can be very costly.
It’s typical to have to wait to receive your old rent deposit back, and not have funds available in time for a new rental bond. Pile on the two weeks’ rent upfront, you could be up for 4-6 weeks rent as soon as your rental application is approved.
We understand how stressful this can be for you.
When you apply for bond loans with Wonder Loans, we get understand how important it is for you to secure your new rental accommodation as soon as possible! We also understand that you may need extra cash to help cover moving costs.
Our Bond Loans Can Cover:
- Rental bond payments
- Rent advance / deposit payments
- Movers, moving materials (boxes, tape)
- Bond cleaning, required repairs, exit fees
- Van or truck hire
You can apply for bond loans 24/7 and it takes only 5 minutes. Our secure process is 100% online and you can apply from any device: your mobile; tablet; laptop.
We Make Getting Bond Loans Easy
We are a responsible lender and we strive to make getting a bond loan easy and uncomplicated for you:
- ZERO paperwork
- ZERO long queues and wait times
- ZERO hidden fees
- ZERO catches
- ZERO surprises
You will be clear on the exact cost and terms of your bond loan. Take the step to get into your new home today! Our rental bond loans can provide you with the necessary cash to pay your bond on a new rental property.
How Does it Work?
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Apply Online In Only Minutes
Our loan application process is fast, efficient and clear. Use any internet connected device to apply online. -
Get Approved & Confirm Your Loan Online
If you meet our lending criteria, we will notify you via email/SMS to digitally sign your contract online. We verify the assessment information you send us in a very secure manner, without tons of paperwork. Our entire process is online and we keep you informed at every stage of the process. -
Get Your Funds Same Day
If approved before 5pm, we will deposit funds into your account on the same day. All approved loans are paid as soon as they are approved. Depending on your bank, you will receive your money on the same day you apply, Monday – Friday.
Let’s try to help you with your bond, apply for an online loan today.
Example of a Small Loan (Small Amount Credit Contract)
You need a loan of $1,000 for your rental bond. You apply online and you choose your loan amount and your repayment term. You choose to pay it back in 10 payments of $132 per week.
$132 x 10 Repayments per week = $1,320 Total Amount Repaid
Loan Payment Details
| Item | Amount/Details |
|---|---|
| Adjusted Credit Amount | $1,000.00 (the amount that you receive) |
| Establishment Fee | $200.00 (set by NCCP at 20% of the loan amount) |
| Monthly Permitted Fee | $40.00 per month |
| Amount of Credit of the Loan | $1,240.00 |
| Nominal Percentage Rate (Interest) per annum | 0% as defined by NCCP |
| Comparison Rate | 201.9447% as defined by NCCP |
| Total Amount of Interest Payable | NIL |
| Total Number of Repayments | 10 |
| Repayment Amount | 10 repayments of $132.00 |
| Total Amount Repaid | $1,320.00 |
These examples assume that repayments are made on time as per the original loan contract terms. For more information on our fees see our Costs Page.
Note: NCCP refers to the National Consumer Credit Protection Act 2009, which regulates consumer credit and lending practices in Australia.
