- What are bond loans?
- Why use a rental bond loan?
- How our bond loans work
- Responsible lending
- Rates and fees
- How to apply
What are bond loans?
Bond loans are sums of money borrowed from a lender in order to pay a rental bond. These cash loans are a quick and hassle-free way of getting access to the money you need for the bond on a new house.
Why use a rental bond loan?
Rental bonds are normally up to four weeks’ rent in most states. In VIC, QLD, WA and SA, there are some variations to this. That’s quite a substantial sum. And when you need to secure a rental property in a hurry, a bond loan is an appealing option.
With a rental bond loan from Red Tree Finance, your application can be submitted from anywhere on any device, as it’s 100% online. There’s no need to queue at the bank or gather together mountains of paperwork. All we need is some current bank statements, employment payslips and two forms of ID.
You can get a rental bond loan from Red Tree Finance up to $5,000. You might want to borrow slightly more than your bond amount to help cover some of the other associated costs, like:
How our bond loans work
We know what the rental market is like. If you manage to find somewhere that approves your application, you need to secure that place fast. A super-fast rental bond loan from Red Tree Finance can help you do that.
Apply online in 5 minutes
Apply for a bond loan online via our secure application form. It takes less than five minutes. Just be sure to have your payslips, bank statements and ID ready. That’s all you need.
Get a decision within two hours
Submit your application and it’ll be reviewed by a member of our loans team. All our assessors are based right here in Australia, so there’s no time zone delays or confusing back and forth. You’ll get a decision within two hours and, if approved, the bond loan will land in your bank account within one business day. In fact, in most cases, you’ll receive the funds within one hour.
Repay your way
We’re responsible lenders and we’re here to help. So we’ve made repayments even easier for our customers by offering the ability to align repayment schedules with your paydays. Repay your way – weekly, fortnightly or monthly.
Commitment to responsible lending
At Red Tree Finance we take our lending responsibilities seriously. We only recommend loans that our assessors are confident can be repaid. So you don’t need to worry that you’ll be committed to repayments you can’t afford.
Am I eligible to apply for a bond loan?
You are eligible to apply for a rental bond loan if you:
Are at least 18 years old
Are a permanent resident of Australia or valid visa holder
Own a vehicle registered in your name
Have been employed for at least 3 months
Loan rates and fees
At Red Tree Finance, we have no hidden fees and charges. All your bond loan payment information is as listed below.
Online cash loan amount
$2,100 - $5,000
$0 (even if your application is not approved)
Standard establishment fee
$20 (included in loan)
47% (Comparison Rate 66.0347%)*
Flexible repayment options
Weekly, fortnightly or monthly (based on your payday)
Direct debit dishonour fee
$35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid
How to apply
You can apply for a bond loan online in just 3 steps. Don’t worry, it’s completely free to apply – even if your application is unsuccessful.
Complete your application online in less than 5 minutes.
A member of our assessment team will personally review your application.
Once reviewed, you’ll receive your outcome within two hours of submitting your application.
The information provided here is of a general nature and is provided without considering your specific objectives, financial situation, or needs. It is intended for informational purposes only and should not be relied upon as financial, investment, or other professional advice.
Before making any financial decisions or taking action based on the information presented, you are strongly encouraged to assess its appropriateness in light of your individual circumstances. Red Tree Finance does not intend to provide personalised financial advice, and you should seek independent financial, legal, tax, and other relevant advice tailored to your unique situation.
Frequently Asked QuestionsSee All
You will need to be able to provide us with current bank statements, payslips, identification and your vehicle registration details.
With Red Tree Finance, you will receive an answer within two hours of submitting your application and, if approved, in most cases you will receive a direct deposit within one hour of approval but at the latest, funds will clear within one business day.
If your circumstances change and you can no longer make your repayments on time, please reach out to our Customer Care team for support and assistance.
Securing a bond loan and repaying it successfully can actually help to improve your credit score. By making your payments on time, you’ll find that your credit history will gradually improve. If you find that it’s hard to manage multiple debts, it might be a good idea to look into getting a debt consolidation loan, so you only need to make one recurring payment.
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