When we move into a rental property, we are asked to pay a security deposit; this is called a rental bond. The bonds amount may vary from place to place, but generally, it is equivalent to the rent of property of six weeks. A rent bond basically acts as a security under the residential tenancy agreement. So, if you cause damage to the landlord’s property, he may deduct some amount from the bond in order to cover the damage cost. You may also get the full bond amount if you don’t cause damage to your landlord’s property. However, what would you do if you don’t have enough money to pay for a rental bond? That’s where rent and bond loans come into the scene. Well, there are several other loan options, such as same-day loans, short-term loans , etc. but a rental bond loan is a better option. In this write-up, we will take a look at how rental loans work. Let’s get started! What is a Rental Bond Loan? Rent and Bond loans are basically unsecured personal loans that are generally taken to