What are the emergency bond loans for bad credit in Australia?
Bond loans are typically provided to help individuals secure rental accommodation when they are facing financial difficulties. In Australia, specific programs and eligibility criteria may vary depending on the state or territory. However, it's important to note that having bad credit can make it more challenging to qualify for certain loans, including emergency bond loans.
Where can I get a bond loan with bad credit?
The steps you can take if you need an emergency bond loan in Australia, even with bad credit:
- Contact Your State or Territory Housing Authority as of them has its own housing authority or relevant government department that manages housing assistance programs. Be prepared to explain your situation and why you need the loan. Some programs may take into account factors beyond credit history, such as your current financial circumstances and the urgency of your housing situation.
- Consider bad credit bond loans from Australian financial organizations. Although such organizations may charge high interest rates, they may have a preferential approach to assessing the financial status of clients, as well as online application submission and fast processing.
- Visit local community organizations or charities to inquire about available resource, as some of them may offer emergency financial assistance, including help with rental bonds.
- You may be eligible for other financial assistance programs, such as emergency relief funds or interest-free loans from community organizations.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 8.30% | 225 |
| 5,000 | 15.30% | 414 |
| 5,000 | 22.30% | 604 |
| 10,000 | 8.80% | 477 |
| 10,000 | 15.80% | 856 |
| 10,000 | 22.80% | 1,235 |
| 15,000 | 9.30% | 756 |
| 15,000 | 16.30% | 1,324 |
| 15,000 | 23.30% | 1,893 |
| 20,000 | 9.80% | 1,062 |
| 20,000 | 16.80% | 1,820 |
| 20,000 | 23.80% | 2,578 |
What else expenses can bond loans cover?
- Deposit payments
- Exit charge
- Movers expenses
- Moving materials costs (boxes, tape)
- Required repairs
- Transport vehicle hire
Are there no credit check bond loans?
Yes, there are bond loans available in Australia that do not require a credit check. Bond loans are designed to help renters cover the cost of rental bonds when moving into a new property. These loans are typically offered by state or territory governments or through community organizations, and they serve as an alternative to paying the full rental bond upfront.
See also:
- Student loans from NAB: terms, contacts
- Tips for getting your personal loan approved
- Where do I find Beyond Bank financial calculators?
- Where do I find financial calculators from Bank of Melbourne?
- Where do I find my Bendigo Bank mobile lender?
Details of companies offering the financial services:
Champion Loans
Head office’s address: 65 Aerodrome Rd
Contact center: 07-54-52-7400
Web-site: https://www.championloans.com.au/
City Finance
Web-site: https://cityfinance.com.au/
Fundo
Contact center: 1800-161-391
Web-site: https://fundo.com.au
money3
Head office’s address: Australia
Contact center: 1300-014-870
Web-site: https://www.money3.com.au/personal-loans/any-credit-considered.php
Nimble
Head office’s address: 12-14 Marine Pde
Phone: 133-156
Web-site: https://nimble.com.au/
Quickle
Contact center: (07) 5644-3555
Web-site: https://quickle.com.au/personal-loans/payday-loans/
Savvy
Head office’s address: 4 Clarke Street
Contact center: 1300-974-066
Mail address: Sydney, Suite 206, 4 Clarke Street,Crows Nest, NSW 2065
Web-site: https://www.savvy.com.au
Spotter
Head office’s address: Australia
Contact center: 1800-776-863
Web-site: https://spotterloans.com.au/bad-credit-loan/?cmp=adw_loantype&gclid=EAIaIQobChMI-oP16v-Z_wIVTQSLCh0vQQwgEAAYAyAAEgL39_D_BwE
Swoosh Finance
Head office’s address: 7 Murrajong Rd
Web-site: https://www.swoosh.com.au/