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Bond Loan eligibility

A Bond Loan is an interest free loan to help pay the rental bond or deposit when moving into private rental accommodation.

Bond Loan calculator

Use the Bond Loan calculator to work out how much you can borrow on your income.

To work out the maximum amount of your Bond Loan, take 60% of your household’s total gross weekly income and multiply it by 4.

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Am I eligible for a Bond Loan?

To be eligible for a Bond Loan, all of the following conditions must be met.

  • You’re not currently living in the premises for which the Bond Loan is required.
  • You’re an Australian citizen, permanent resident, or have a temporary protection or bridging visa.
  • You don’t own, or part-own:
    • a residential property
    • a caravan, mobile home or live-aboard boat.
  • You have less than $2500 in cash or savings between all the Bond Loan applicants (not including dependents).
  • You don’t have any outstanding debts with the department.
  • You choose a property where the rent does not exceed 60% of the total household gross weekly income.

Income limits for Bond Loans and Rental Grants

To be eligible for a Bond Loan (or Rental Grant), your combined gross (before-tax) income cannot exceed the limits shown in the below table.

The combined income limits only include the income of applicants listed on the Bond Loan (or Rental Grant) application.

Weekly income(before tax) and type of household

  • Single person, no children
  • Single person with 1 child
  • Couple, no children
  • 2 single people
  • Single person with 2 children
  • Couple with 1 child
  • Couple and single person
  • 2 single people and 1 child
  • 3 single people
  • Single person with 3 or more children
  • Couple with 2 children
  • 3 single people and 1 child
  • 2 single people and 2 children
  • 4 single people
  • 1 couple, 1 single person, 1 child
  • Couple with 3 or more children
  • 1 couple, 1 single person, and 2 or more children
  • 2 couples, 1 or more children
  • 5 single people
  • Other households with 5 or more people including 2 adults

The combined gross income includes all forms of income received by the applicant, such as wages, Centrelink benefits, Family Allowance Supplement, Youth Allowance, other Centrelink special purpose payments and income from investments. The combined gross income should not include the income of dependant children under 18 years  or any benefits paid to children living with their parent(s).

Higher income limits apply in specific resource (mining) communities.

Applicants under the age of 18 should phone Housing Services on 13 QGOV (13 74 68) for more information.

More information    

For more information on Bond Loan eligibility:

Eligible for a Bond Loan?

If you meet the Bond Loan eligibility requirements, you can apply for a Bond Loan online.

Apply for a Bond Loan now

Other rental assistance

Check if you’re eligible for rental assistance from Centrelink.

Creative Commons Attribution 3.0 Australia (CC BY 3.0)
Last updated:
19 March 2013

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