$5,000 Loan

Apply for a small cash loan in 3 simple steps!

We are always upfront and transparent about our costs – no hidden fees or charges.

Are you looking for a quick loan? Do you have an expense you need to cover urgently? Does the thought of a long loan application with extensive paperwork overwhelm you?

If you answered yes to any (or all) of those questions, then a $5,000 personal loan from City Finance may be just what you need.

Our $5,000 personal loans have a short application process, quick approval time and, in many cases, can have funds in your bank on the same day that you apply.

At City Finance we offer $5,000 loans in the form of an unsecured personal loans. This means that, unlike secured loans, we don’t require security in order for you to have the loan approved. You won’t need to put the item that you’re purchasing up as collateral when applying for a loan.

A unsecured personal loan gives you a lot of freedom, and allows you to use the money on cash to pay for the specific things you need, rather than having the bank transfer the money directly.

Furthermore, if you’re able to pay off your loan quicker than the agreed time, we don’t penalise your by charging early repayment fees or early exit fees.

Getting approved for a $5000 loan with us is simple. In fact, it’s as easy as 1, 2, 3, as you can see below.


To apply for a loan with City Finance, you’ll need to fill in an online application form, which you can find here. The application is simple and you’ll just be required to select the amount you’d like to borrow and the repayment time, as well as fill in some personal information and send proof of identity.


Once we receive the information from you, someone from our team will call you to confirm your application details. If your application is approved, we’ll send you an email confirming the approval. We’ll also get your bank details so we can send over the money.


Once you’ve been approved, you should receive the money by the end of the day. However, most customers receive the money even sooner. From here you’ll be able to spend the money on what you please – and you will just need to meet the contracted repayments (weekly, fortnightly or monthly).

Am I eligible to apply for an unsecured personal loan?

The short answer is: probably yes! At City Finance we only have a few pieces of criteria that our applicants need to match. As long as you are age 18 or older, can show proof of some sort of consistent income, and provide a few other supporting documents, then you’re probably eligible.

Below is more detailed information on what exactly is required to apply for a $5,000 personal loan with us.

  1. A copy of your ID
  2. A short application form with details such as your address and phone number
  3. Proof that you are receiving some sort of income (this can be a salary or Centrelink payments)
  4. 90-day history of bank statements

If you’re unsure of your eligibility please feel free to reach out to our customer service here.

Will you consider applications from people with bad credit?

At City Finance, we don’t believe that a previous financial error should haunt you for years to come. For this reason, we do offer unsecured loans to people with bad credit. Instead of judging someone solely on their credit score, we take into consideration their personal circumstances too.

If you have a less than perfect credit history, and are concerned you will be rejected, you shouldn’t be. Once you apply for a loan with us, one of our friendly team members will be in touch. During the call they will listen to your current situation, and discuss with you about what loan terms are most suitable for you.

Many people with bad credit assume they’ll be automatically rejected for a loan , so they don’t both trying. This isn’t the case with City Finance – we’ve approved loans to thousands of Aussies with bad credit. So, if you have a bad credit history and are hesitant about applying for a loan, please don’t be.

You can find out more about our bad credit personal loans here.

Is a credit check required for a $5000 loan?

Credit checks are very closely connected with loan approvals. They are the act of returning a number for a potential borrower on a credit report that defines their lending history. This number helps the lender determine whether the potential customer is a high risk to pay the money back, or a low risk.

If a borrower has made late payments, missed payments and/or received a default on their loans or bills in the past, then this will negatively affect their credit score and drag the total number down. If a borrower has a history of making their repayments on time, and taking out medium to large loans and paying them off fully, then their credit score will be high. If a borrower has never borrowed money before, then they will have no credit score, which a lot of lenders consider high risk.

In Australia, credit scores sit between zero (being the lowest possible score) and 1000 (being the highest). The below credit rating key gives an indication of how credit scores are judged:

0 – 549: Very Poor

550 – 624: Poor

625 – 699: Fair

700 – 799: Good

800 – 1000: Excellent

In Australia, a credit check will be run for almost any loan that’s taken out. At City Finance we do run credit checks on our new customers to determine their eligibility. However, even if a credit score is poor or bad, we are still able to offer a loan to some of these customers.

While we do run credit checks on new customers, if you’re an existing City Finance customer, we may be able to grant a loan without running a credit check. In this case, the loan is approved much faster – as a large step of the approval process is removed. You can find out more about our no credit check loans here.

What can I use a $5,000 personal loan for?

A small personal loan can be used for basically anything, but here are some examples of why you may need one.

Urgent expenses

Things like unexpected redundancy, a pandemic or an abnormally high electricity bill are all situations where emergency funds may be required in order for you to continue living your life as normal. Often, you’ll need money for these things quickly, too. If you are in a situation where you’re unable to find these funds, we can help with a quick $5000 personal loan.

Out of work? You might still be able to apply under one of our unemployed loans.

Car repairs

Perhaps your check engine lights switched on, your car won’t start, or you’ve had a minor accident that’s affect the cars drive-ability. For many people, cars are an essential part of life, but repairs can be expensive. If you are in a situation where you’re unable to find funds to cover the costs, we can help with a $5000 loan.

Read more about our car repair loans.

Medical bills

If you or a family member has a sudden accident, requires important medicine or needs urgent treatment of a condition, then it’s important to get sorted out as soon as possible. While Australia’s health system is one of the best in the world, there are many things that it doesn’t cover and that incur out of pocket expenses. If you are in a situation where you’re unable to find the funds to cover the costs, we can help with a quick personal loan.

Read more about our loans for medical expenses.

Vet bills

Vaccinations, routine check ups and a sick looking pet are all reasons why people commonly visit the vet. While the health of your pet is of extreme importance, vet bills can be expensive, especially if further medicine or surgery is required. If you find yourself in a situation where your pet needs a vet visit but you don’t have enough cash, we can help with a personal loan.

Read more about our loans for vet bills.


A week snowboarding in New Zealand, a few days sipping cocktails poolside in Bali or a shopping spree on Singapores Orchard Road are all appealing scenarios. But, what happens if you don’t have the funds to pay for your dream getaway? If you’re overdue for a holiday, but can’t afford it, we can help cover the costs with a small loan.

Read more about our travel & holiday loans.

Home renovations

Whether it’s an urgent fix, like a leaky faucet or broken roof – or home renovations designed to increase the value of your house of the quality of your life, they’re usually expensive. If you’re looking to upgrade your living siltation but you’re unable to find funds to cover the costs, we can help with a $5000 loan.

Read more about out home renovation loans.


What fees do you charge on your personal loans?

At City Finance we pride ourselves on having no hidden fees or charges. All of the loan terms are set our clearly in your loan contract which you’re receive, review and sign before your loan is finalised. However, to clarify the fees further, we have two types of loans. Our $5000 loan falls under the MAAC category. However, if you’re looking for a smaller loan amount, please contact us and we can offer this with the SACC terms.

  • A SACC (small amount credit contract)

With this type of personal loan, you can borrow a loan amount between $500 and $2,000. The cost is a 20% upfront establishment fee (split across payments) and monthly fees of 4% for maintenance.

  • A MACC (medium amount credit contract).

For a loan amount upwards of $2,000, you can opt for a MACC. With a MACC you can loan between $2,001 and $5,000. You will be charged a flat upfront $400 establishment fee (split across payments) and a 48% annual percentage rate. With this option, there are no monthly fees for maintenance.

How long does it take to receive the funds?

The exact time it will take to receive the loan in your bank account depends on your personal circumstances, as well as your bank’s processing times. However, we pride ourselves on being very quick at reviewing and approving loans, and in many cases our customers have money deposited in their bank account on the same day that they apply for the loan.

How do I make loan repayments?

At City Finance we use direct debit for all of our personal loans. This means that your regular repayment amount will be directly withdrawn from your bank account and sent to us on the day that was agreed in your personal loan contract. We offer weekly, fortnightly or monthly repayments to suit your situation.


Highly highly highly recommended City Finance to anyone. The staff are absolutely amazing and very helpful. My experience the two times I have used their services have been amazing. Thank you guys!

Lulu Millar
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I had a very easy and straight forward experience dealing with City Finance... Very much appreciated the quick flow of decision making displayed. Regards, Graeme

Graeme Austin
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Great customer service, they're happy to help out when you need it if something unexpected has happened and you need cash fast, definitely recommend and repayments are tailored to your needs.

Cassandra Dodd
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Wonderful people very friendly and helpful been with them for some time now and have never had an issue with them always have my payments on time

Pauline Arrowsmith
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City finance for fantastic. The application is still in fairly quickly within outcome usually within 24 to 48 hours. Customer service is lovely and the only company that would help me out with the loan when no other one would. Highly recommend.

Chanelle Ryan
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