Micro Loans Australia

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  • Micro loans up to $5,000
  • Fast Online Application & approval
  • Flexible repayment options
  • If approved – receive funds the same day!

Micro loans are generally small loans that don’t exceed $5,000. These loans can be issued quickly and can be used for a variety of reasons.

At City Finance we offer micro loans for amounts between $500 and $5,000 and they can be paid back in an agreed upon time frame which, depending on the amount borrowed, ranges between 12 weeks and 104 weeks. We offer loans across Australia – including Brisbane, Sydney, Melbourne, Perth and Adelaide.

Both the application form and the processing time of our small loans is very quick. In fact, a lot of our customers receive money in their nominated bank account on the same day that they apply for the loan. Our online application form should take just a matter of minutes to fill out and requires minimal supporting documentation. In fact, the whole process is as easy as 1, 2, 3, as you can see below.

ONLINE APPLICATION

To apply for a loan with City Finance, simply fill in our online application form here. It’s quick and easy, you’ll just need to select how much you’d like to borrow, your preferred repayment term, provide some personal details, and verify your identity.

CONFIRMATION

Most customers receive a response within a couple of business hours of applying. In some cases, our team may get in touch to request additional information to finalise your loan.

FUNDING

Once your loan is approved and the contract is signed, most customers receive their funds within minutes, so you can get on with what matters sooner. Repayments will be made weekly, fortnightly or monthly, depending on your selected plan.

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What is a Micro Loan?

A micro loan is an unsecured personal loan for amounts up to $5,000. Because the amount of money being borrowed is relatively small in comparison to other loans, this type of loan is generally paid off more quickly than a car loan or business loan.

With an unsecured loan, no security or collateral is required in order to get the loan approved. Instead, the application will be judged by a combination of a credit check of your credit rating, your employment circumstances, and a call where a team member will chat to you about your financial circumstances. However, even if you have a bad credit history or have a low income, we can probably still help. We are a very inclusive lender who strives to help as many Aussies with loans as possible.

Our micro loans have the fees and charges clearly set out in our loan contract, so you won’t be hit with any surprise costs. Plus, we don’t charge early exit fees or early repayment fees should you find yourself in a position where you can pay your loan off early.

A micro loan can be spent on a number of things and is essentially money that you can use at your discretion for things you need to pay for. Our customers commonly use micro loans for things like unexpected expenses, day-to-day costs and medical bills.

Different Types of Micro Loans:

At City Finance we have two different types of micro loans available

The first is a smaller loan that works well for smaller requirements, like overdue bills or a gap-bridging amount. The second type of micro loan we offer is ideal for applicants who have a more costly repair required like a car repair or a rental bond.

Below are our two types of micro loans:

  • A SACC (small amount credit contract)

With this type of micro loan, you can borrow between $500 and $2,000. The cost is a 20% upfront establishment fee (split across payments) and monthly fees of 4% for maintenance. Loan terms can vary between 12 – 52 weeks.

  • A MACC (medium amount credit contract).

If you require amounts 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 maintenance fees. Loan terms can vary between 12 – 104 weeks.

Am I Eligible for a Micro Loan?

If you’re based in Australia, aged 18 or older, and can provide us with proof of regular income and some supporting documents, then you’re probably eligible for a small loan with us.

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

What Supporting Documents And Information Do We Need To Process Your Micro Loan Application?

At City Finance the process of applying for a small loan is simple. We don’t need a bunch of different documents, all we require is the following:

  • A copy of your ID
  • A short application form with details such as your address and phone number
  • Proof of your income (either wages or Centrelink benefits)
  • 90-day history of bank statements

Why Choose City Finance for a Micro Loan?

We move quickly

Everything about our loan process is quick! From the application process to the approval process, you could have cash in your bank account on the same day that you apply for a loan with us.

Inclusive lending

We have granted loans to thousands of Aussies who have been turned away elsewhere. Even if you haven’t matched the eligibility criteria for other lenders, we may still be able to help.

Flexible repayments

We will adapt your repayment schedule so that it suits your circumstances best. Whether you’re paid weekly, fortnightly or monthly, we can fix the loan repayment date so it coincides with your payday.

Responsible lenders

At City Finance, we are an industry leader when it comes to lending. We’ve granted loans to thousands of satisfied Aussies for over two decades.

Easy borrowing

Everything about a loan with City Finance is easy! Our application process is simple, and so is our repayment process, thanks to our automatic direct debit system, which will automatically deduct repayments from your bank account on their due date.

What Customers Say About Our Micro Loans:

Our loan recipients love our personal loans. Check out some of their thoughts below.

What Can I Use a Micro Loan For?

Medical expenses

It’s always important to get your health checked out, even if you’re just feeling a little off. If you don’t have enough money, don’t ignore a health problem. A quick and easy medical cash loan with City Finance will get your medical bills paid and should help you get you back to full health.

Dental costs

Smashed your front tooth? Painful root canal? Wisdom teeth coming through? An appointment at the dentist can certainly be expensive and may put you in a situation where you don’t have enough money on hand to cover the costs. Contact us for a dental loan and we’ll get you smiling again.

Unexpected emergency

Emergencies are very hard to budget for. Even if you’ve responsibly set a safeguard of money aside in the case of an emergency, sometimes you may not have enough money. If this is the case, we can have money funded into your bank the same day you apply, so you can take care of the emergency. Learn more about our emergency loans here.

Rental bond

Paying a rental bond is just one of the many costs that come with moving house. Rental bonds are usually in the thousands and -if you’re forced to move suddenly – can be hard to budget for. You can solve your problem by taking out a bond loan for the amount of the bond and paying it back gradually.

Vet bills

From medication to checkups, vet bills are generally costly. So when your pet gets sick, you’ll need some cash to spend at the vet to help him or her get better. Vet bills can be very costly and need to be paid before your pet’s condition deteriorates. Check out vet bill loans.

Home renovations

A broken water faucet or leaky roof are just two situations where home renovations will be required quickly. Each of these situations are very uncomfortable – if not impossible – to live with long term. If an unexpected expense that you haven’t budgeted for pops up, we can help. Just contact us for a renovation loan and get the problem rectified as soon as possible.

Quick, Flexible Micro Loans Australia‑Wide

Micro loans, also known as microfinance loans or small‑scale personal credit give you fast access to cash when you need it most. At City Finance, our micro loans in Australia are designed to top up your budget, cover unexpected bills, or bridge cash‑flow gaps without the long waits of traditional lenders. Whether you call it a micro loan, microloan, or micro lending, our streamlined process delivers funds so you can get on with your life.

When to Choose Micro Loans

  • Emergency expenses: Sudden vet bills, medical gaps, or car repairs
  • Everyday essentials: Groceries, utility bills, or rental bonds when paydays don’t align
  • Micro‑business needs: Small equipment purchases or materials for home‑based work
  • Short‑term finance: Book a last‑minute trip, cover course fees, or fund a small renovation

Responsible Microfinance Loans

We comply with Australia’s National Consumer Credit Protection Act and follow responsible lending guidelines. That means we assess your capacity to repay a micro loan, even if you have low credit or receive Centrelink, so you never borrow more than you can afford.

Easy Budgeting and Repayments

Our micro lending terms range from 12 to 104 weeks. You choose weekly, fortnightly, or monthly direct‑debit repayments that align with your pay or benefit cycle. No early‑exit fees mean if your situation improves, you can repay your microloans in Australia ahead of schedule and save on fees.

Tips to Make the Most of Your Micro Loan

  1. Track every dollar: Use a simple app or notebook to record income and outgoings.
  2. Build a small buffer: Aim to save even $10 per week so the next emergency is less urgent.
  3. Plan for repayments: Schedule repayments immediately after payday to avoid missed payments.

Secure Your Micro Loans Australia in Minutes

Don’t let small expenses derail your day. City Finance’s microloans in Australia give you fast, flexible funds when you need them most. Apply online now and, once approved, enjoy same‑day funding and repayments that fit your budget. Get started and bridge the gap today!

FAQs

Who can apply for micro loans in Australia?

Any Australian resident aged 18+ with proof of regular income (wages, Centrelink, pension) and a 90‑day bank statement history can apply for a micro loan with a minimum size of just $500.

Approved applicants typically get their microloans via OSKO the same day, often within minutes after you sign your contract.

Payday loans are designed to bridge the gap until your next payday (short-term, high fees). Microfinance loans offer longer terms (12–104 weeks) with transparent, often lower, fee structures.

Yes. Our micro finance Australia option focuses on your current income and bank transactions rather than solely on credit scores, so you can still qualify with imperfect credit.

No. Our micro loan is an unsecured personal loan, you receive funds directly to spend on household essentials, emergencies, or small investments, without specifying every expense.

  • SACC ($500–$2,000): 20% establishment fee + 4% monthly maintenance
  • MACC ($2,001–$5,000): $400 flat establishment fee + 48% APR

    All fees are clearly outlined in your contract; no hidden charges or early‑repayment penalties.

Once you’ve repaid your existing microloan, you may be eligible for another or a top‑up. Reach out to discuss your needs and eligibility for additional micro lending.

Timely repayments can boost your credit file, while missed payments may harm it. Our responsible lending approach aims to match you with a micro loan you can afford.

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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!

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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

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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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