Types of bond loans and rental grants
If you need assistance with the costs of getting into the rental market, a bond loan or rental grant can help.
Choose which one would be most suitable for you from the list below to find out more.
A Bond Loan helps cover the cost of a rental bond when you move into a new rental home.
The loan amount for a Bond Loan is up to 4 weeks’ rent and must be repaid. No interest or fees apply.
You may also be eligible for a Rental Grant.
If you are experiencing domestic, family and sexual violence, your Bond Loan application will be automatically approved. You will need to provide information about your circumstances to be eligible.
You can:
A Bond Loan Plus helps cover the cost for the rental bond and an amount equal to 2 weeks’ rent.
The loan amount for a Bond Loan Plus is up to 6 weeks’ rent and must be repaid. No interest or fees apply.
Once approved, we will pay the four weeks bond amount to the Residential Tenancies Authority and the two weeks rent amount to your property owner or manager. Your first rent payment may be due before we process your loan application. Make sure you have funds available to pay your rent as per your tenancy agreement.
We don’t recommend a Bond Loan Plus if you are experiencing domestic, family and sexual violence. Apply for a Bond Loan and Rental Grant instead.
You can:
A Bridging Bond Loan helps cover the upfront cost of a new bond while you wait for the Residential Tenancies Authority to release your current bond.
The loan amount for a Bridging Bond Loan is up to 4 weeks’ rent and must be repaid. No interest or fees apply.
You may also be eligible for a Rental Grant.
You can:
A Rental Grant helps support people in housing crisis move into a rental home.
The grant is a one-off payment of 2 weeks’ rent and does not need to be repaid.
If eligible, the grant will be paid directly to your property owner or manager. Your first rent payment may be due before we process your application. Make sure you have funds available to pay your rent as per your tenancy agreement.
Find other rental support options that may suit your needs:
Check whether you’re eligible for rental help from Centrelink.
How a bond loan and rental grant helped Kym
After his lease was unexpectedly not renewed, Kym couldn’t find a new rental despite having a good rental history. RentConnect officers helped Kym access a bond loan, rental grant and a Rental Security Subsidy to secure the lease on a new home.
More information
For more information on bond loans and rental grants:
- phone Housing Services on 13 QGOV (13 74 68)
- email HousingEnquiry@smartservice.qld.gov.au
- contact your nearest Housing Service Centre.