You Could Secure Your Dream Home With Rental Bond Loans From $300 To $10,000
We all need a roof over our heads, but sometimes we don’t have the money upfront to pay for it. Maybe you’ve been forced to move unexpectedly, or have an unforeseen loss of income. For those times, and more, we’re here to help. Jacaranda Finance NZ can help you access rental bond loans from New Zealand’s best money lenders.
Home is where the heart is!
Do You Need An Easy Bond Loan?
Moving is expensive…
In a competitive rental market, you will often need to put down a rental bond PLUS a month’s upfront rent. When you add to this other costs such as agency admin fees and removal van costs, moving house can end up costing you thousands of dollars.
It isn’t always easy to have this money to hand, especially if you have to move unexpectedly, or at short notice.
When it comes to paying for your rental deposit loan, it isn’t always possible to borrow from traditional means. You may not be able to get a loan from the bank, or credit card. You may not want to borrow from friends or family. So where do you turn?
We work with lenders who offer loans for bond and rent, so no matter what situation you are in, we can help!
How Does It Work?
Jacaranda is a 100% online lender-finder service. We connect you with lenders all over New Zealand who are able to offer you the loan you need – whether its travel loans, house repair loans or rental bond loans.
Our application process takes place in three simple steps:
- Fill Out Our Online Application Form: To apply for bond loans all you need to do is fill out our easy-to-use online submission form. The form takes no more than a few minutes to complete. We take some basic information about the loan you want, your circumstances and ask you to submit a copy of your bank statement. From there all that’s left for you to do is hit ‘submit’, and you’re on your way!
- We Do Our Best To Find You A Loan: We put your loan application in front of multiple lenders, giving you the best chance of finding rental bond loans to suit you. If we find a lender who meets your requirements, we will be in touch! This can be as quick as 60 minutes within regular business hours.
- The Lender Contacts You: If we find you a loan to meet your needs, the lender will be in touch with you directly. They may then ask for some further documentation or information. If you are happy with the contract they propose, all that’s left to do is sign it, and set up a repayment plan. If you’re not happy with the terms you’re offered, you’re under no obligation to say ‘yes’. Simply decline and we’ll do our best to find you an alternative lender- simple as that!
Why Apply Through Jacaranda?
There are plenty of companies offering fast loans online for bond payments, so why use us to find you a loan?
We Save You Time
Instead of spending hours searching through individual lenders online, let us do the work for you. We put your application in front of multiple lenders at once, giving you a ‘yes’ or ‘no’ answer within one business day of applying, and sometimes as quick as one hour! If you want instant bond loans, then we’ve got your back!
You Can Feel Safe With Us
The internet can be a minefield when it comes to finding a trustworthy lender. Whilst most online lenders are legitimate, there are always some less scrupulous companies waiting to exploit unaware customers.
With Jacaranda, you never have to worry about this. We work with only the most highly reputable lenders who will always be 100% transparent about their rates up front. No hidden costs or charges. Honesty is at the heart of what we do.
We are also partnered with security giants McAfee and Comodo to ensure that your data is secure.
Excellent Customer Service
We value customer satisfaction highly – if you’re not happy, then we’re not happy! Our commitment to customer service has earned us the Word of Mouth service award two years running, 2017 and 2018!
Get The Best Rates
Because we put your application in front of multiple lenders, we have the best chance of finding you rates that you’re happy with. We work with lenders who offer highly competitive rates and repayment terms.
Who Can Apply For Bond Loans?
We may be able to facilitate rental bond loans for a huge range of people of different ages and backgrounds. We may even be able to provide small loans for rent for young professionals, or rental bond loans for pensioners.
To apply for bond assistance loan, there are just a few criteria you need to meet:
- Be 18 years of age or over
- Have a valid telephone number
- Have a valid email address
- Have a provable income from the past 90 days
You can also apply for bond assistance if you are receiving government benefits, or if you are receiving a pension. You will still need to prove this income for the past 90 days.
Am I Able To Apply If I Have Bad Credit?
We don’t believe that a bad credit history should affect your future, which is why we work with lenders who offer rental bond loans to customers with bad credit. Some of our lenders do not require credit checks and will offer loans based on the information you give in your application form.
What Documents Will I Need?
To apply for a loan through our lenders, you will need to provide a copy of your bank statement proving income for the past 90 days.
Your lender may also ask you to provide:
- Copies of bills
- Copies of payslips
- A form of identification
- Your employers contact details to perform employment verification
Requirements vary from lender to lender but it can be helpful to have these documents ready to speed up the process. If a lender needs to contact your employer to verify your employment – do not worry! Lenders will not reveal the nature of your loan application to your employer or any other third party.
How Much Can I Borrow?
We recognise that when it comes to paying for your deposit or house move, rental bond loans come in all shapes and sizes. We work with lenders who offer personal loans from $300 to $10,000. Repayment terms vary from 12 to 24 months depending on the amount you borrow.
How Much Will Rent In Advance Loan Cost Me?
Rental bond loans don’t need to break the bank. The overall cost of your loan will depend on a number of different factors:
- What size of loan you need
- How long you need to pay it back
- Your personal circumstances
Rates will vary from lender to lender, but, in general, you can expect to pay interest rates of between 1.5% and 20%. The calculation below gives you an approximate example of how much a loan might cost you overall:
Loan amount: $2,500 repaid over 13 months
Weekly payment: $75.05
Total interest: $1,702.80
Total repayable: $4,202.80
Monthly interest rate: 9% AIR: 108%
WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amount available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.
How Do Repayments Work?
Your repayment arrangement will vary from lender to lender. Generally, once your repayment plan has been agreed, a direct debit will be set up directly to your lender. This will be taken on a weekly or monthly basis depending on your arrangement.
If your circumstances change and you are unable to keep up with repayments, it is very important that you contact your lender immediately. With some notice, they may be able to adapt your repayment plan so you don’t default on your loan.
Know Your Rights
Taking out a loan shouldn’t be done lightly. We want to make sure that our customers have all the information they need to make an informed decision.
Our information statement has some helpful information about your rights with regard to your contract, repayments, and insurance.
Our communication authority tells you how your data will be used. We work with security giants McAfee and Comodo to ensure the security of your personal information online. Our security statement explains more.
Have More Questions?
We can borrowers to find loans to cover anything from vet bills to boat financing. Yet, we understand that it’s a lot to take in. If you have any further questions, our FAQ page can be a good place to start. If you’d rather speak to one of our team directly, you can get in touch via our online enquiry form.
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Examples of what loans might cost.
Interest Rate between 1.5% and 20% per month.
$2,500 repaid over 13 months would have 56 weekly repayments of $75.05. Total interest $1702.80. Total amount repayable $4,202.80. This example is based on a monthly interest rate of 9% and an AIR of 108%. WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.
Note, your lender may offer you different terms, fees or loan amounts based on your individual circumstances, needs and their own lending criteria. Please check your contract before signing.