Bond Loans

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If you do not have enough money to pay a bond, you may be able to get a Bond Loan from the Department of Communities (Housing and Homelessness Services). Bond Loans are designed to help people on low incomes meet some of the costs of renting.

The Bond Loan is interest free and you gradually repay the loan during your tenancy. Bond Loans are only available for new tenancy agreements. To be approved for a bond loan you must also meet eligibility criteria.

To apply for a Bond Loan, contact your local Housing Services Area Office. You will need to complete an application form and attend an interview. You will need to provide identification and proof of income.

If you wish to apply for a bond loan you must do so before you sign a lease or move into a property. If a bond loan is approved, you will need to pay this money back during the tenancy. For more information, or to apply for a bond loan, contact your local Housing Services Office or visit www.housing.qld.gov.au.

 

Information supplied courtesy of the Tenants Union of Queensland Inc

Further information and advice for Queensland tenants can be sourced from www.tuq.org.au