Micro Loans

Apply for a micro loan in 3 simple steps

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 ranges between 12 weeks and 52 weeks. We offer loans across Australia – including BrisbaneSydneyMelbournePerth 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.


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).

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 with be judged of 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 Aussie’s 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.

  • 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 fees for maintenance.

Am I eligible for a micro loan?

If you’re based in Australia, aged 18 or older and are able to 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 loans 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 ledners, 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 the automatic direct debit system we’ve set up, 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 of 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.


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
Google Reviews


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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