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Bond Assistance Loans

The Department of Communities offers bond assistance and two weeks' rent in advance as an interest-free loan to help people obtain accommodation in the private rental market. Maximum loan amounts depend on your circumstances.
 
This loan scheme is one of the most frequently accessed housing options, with more than 10,000 loans approved each year.
 
To find out if you are eligible to apply for a bond, you will need to complete a Housing Options Assessment. This can be collected and completed at any Housing Office and submitted in person, via email, by mail or fax. Where required, arrangements can be made to complete the form over the phone. The assessment will provide you with information about a range of housing products and services you may be eligible for based on your current household circumstances.
 
The Assessment is not an application for assistance and does not guarantee eligibility. If you are assessed as potentially eligible, you can lodge a formal bond application when the assessment is completed.
 
If approved for a bond loan, the Department will give you conditional approval. This will provide you with the criteria required to meet full eligibility, your affordability and a form for your prospective landlord to sign. You must return this form to the Department, who will then confirm this immediately with your landlord and arrange prompt payment.
 
Alternatively, if you have paid the bond or two weeks' rent in advance to the landlord or real estate agent, then the Department can refund this to you - but you must apply within eight weeks of payment of the bond or rent in advance and produce evidence of the payment made to the landlord.
 
The loan is repaid in regular payments at a minimum of $25 per fortnight.
 
Applicants must meet Bond Assistance Loan Scheme income limits including:
  • not having assets above $2,500 for singles without dependants
  • not having assets above $5,000 for singles with dependants
  • not having assets above $5,000 for couples with or without dependants
  • being 16 years or over
  • rent not being more than 60 percent of an applicant's gross income.
If you have any queries, please contact your local Housing Office​.