Securing a rental property can be challenging, especially when you don’t have the lump sum for a bond upfront. Fortunately, each state and territory offers interest-free or low-interest bond assistance loans to help eligible renters cover this cost. This guide explains how these schemes work, who qualifies, how to apply, and what your alternatives are if you don’t meet the eligibility criteria.
What Are These Bond Assistance Schemes?
Bond assistance schemes are programs run by state or territory housing authorities that provide a loan to cover your rental bond, and sometimes a few weeks’ rent in advance, so you can move into a private rental sooner.
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