$500 - $5000
NO HIDDEN FEES
between $500 - $5000
up to 180 days
fee 4% monthly fee
Loan amount from $500 to $2000
Minimum 91+ days to Maximum 6 months
20% Establishment Fee and a flat 4% Monthly Fee*
Loan Amount of $1,000 over 20 weeks repayable weekly. $1,000(Principal Amount) + $200(20% Establishment Fee) + $200(fees based on 4% per month over 20 weeks) = $1,400 total repayable in 20 weekly repayments of $70.00.
*The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Loan amount from $2001 to $5000
Minimum 91+ days to Maximum 2 years
$400 Establishment Fee plus interest at 47.8% p.a. (Comparison Rate 66.58% p.a)*
Loan Amount $2500 over 2 years repayable fortnightly. $2,500 (Principal Amount) + $400 (Establishment Fee) + $1553 (Interest) = $4453 total repayable in 52 fortnightly instalments of $85.63
*The comparison rate is specific to a $2,500 loan over a two-year term with a $400 establishment fee and fortnightly repayments. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate, and the given comparison rate only applies to the presented example.
Moving into a rental unit can be expensive and time-consuming. You have to pay for the rental bond upfront, which is often a large sum of money. And if you don’t have the funds available, it can be difficult to get the funding in time to move in.
Luckily, there’s Fundo. We offer all sorts of loans, including bond loans with simple and easy applications and fast processing. We make it easier for you to move into your new home without having to worry about coming up with the bond money upfront.
Do bond loans affect credit scores?
Yes, a bond assistance loan can have a significant impact on credit scores in Australia. It’s a type of loan that typically covers the rental bond when you move into a new home.
The payment of a bond loan is reported on a tenant’s credit file and can have a substantial effect on their credit score. This is because lenders view it as evidence that the tenant has been able to save up a considerable amount of money in order to pay the bond. This can be seen as a sign of financial responsibility and a good indicator that the tenant is likely to make regular rental payments.
On the other hand, defaulting on a bond loan can have a detrimental effect on a tenant’s credit score. If the tenant fails to make the bond loan payments or breaches the tenancy agreement in any way, it can stay on the record for up to five years and can negatively affect the tenant’s credit score.
Therefore, it is important for tenants to make sure that they understand the terms and conditions of the tenancy agreement and their obligations under it.
How much can I borrow on a bond loan?
The amount of money you can borrow through a bond loan depends on several factors, including your credit score, income level, and the market value of the property you are purchasing. It’s important to check out different lenders and inquire about your specific financial situation in order to determine how much you may be able to borrow.
Additionally, the amount of money you can borrow may also depend on the lender’s own policies and procedures. You should also keep in mind that when taking out a bond loan, you may need to pay certain associated costs, such as closing costs, insurance premiums, and other fees.
When you take out fast money loans with Fundo, you can get the funding you need with flexible repayment terms. Once approved, all you need to do is pay an upfront establishment fee and a monthly fee. One thing you can be certain of is that we have absolutely no hidden or surprise fees.
To be eligible for a loan with Fundo, you must be 18 years of age or older and have a regular employment income of at least $500 per week (excluding government benefits). You must also show that you can pay on time and that you’re not putting too much financial strain on yourself by borrowing money. And yes, if you’re looking up bad credit loans , Fundo may have the solution for you.
Is it much easier to apply for bond loans online?
Yes, it is much easier to apply for bond loans online. Applying for a bond loan online eliminates the need for having to physically go to a lender’s office and fill out paperwork. With an online application, you can fill out all the necessary information from the comfort of your home or office. It also saves time since you can submit the application within minutes.
Plus, you can get instant feedback on your eligibility and the terms of the loan, which makes it much easier to compare different lenders in order to find the best option for your needs. All in all, online applications are a much more convenient and secure way of applying for a bond loan rental grant.
When you apply for a bond loan with Fundo, you’ll see it’s as straightforward as can be, and you can apply in just a few clicks! You can apply anytime since our online form is up 24/7, and applications are processed from Monday to Saturday.
Once you’re approved for a loan, you get access to a personalised account dashboard where you can view and update your account as you wish. You can use it to make or reschedule payments and keep track of your loan information, such as your duration, balance, and payment dates.
Get quick and easy bond loans with Fundo today
There’s nothing like having a trusted loan provider that can provide you with same day loans , and you already know Fundo does just that.
But did you know we also provide a lot more?