Payday Loans In Australia Up To $5,000
Need money in your bank account quickly? Secure a payday loan in 3 simple steps!
- Fast Online Application & approval
- Flexible repayment options
- If approved – receive funds the same day!
Why Get a Payday Loan?
Being short on cash when an unexpected expense pops up can be a very stressful situation. Online payday loans can help bridge the gap, allowing you to access quick cash when you need it most.
How Payday Loans Work
Whether you’re faced with an unexpected bill or urgent expenses, payday loans can be a quick answer to getting money fast. As a quick cash loan, they’re often borrowed on a short-term basis and able to be repaid sooner, meaning you’ll potentially pay less in fees compared to other, larger loans.
At City Finance, we offer payday loans between $2,100 and $5,000 and you can choose between 12 and 52 weeks for loans under $2000, and between 12 & 104 weeks for loans between $2100 & $5000, as the length of your repayment terms.
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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| Step | What You Do | What City Finance Does | Timing |
|---|---|---|---|
| 1. Apply Online | Complete our simple form: amount, term, ID | Receive & pre‑screen your info | Under 5 minutes |
| 2. Verification | Upload proof of income and bank statements | Review info & confirm loan | Within 3–4 business hours |
| 3. Approval | Review and e‑sign your loan contract | Finalise underwriting | Often within hours |
| 4. Funding | Sit back and relax | Deposit funds via OSKO | Same day! |
| 5. Repay | Set up direct debit (weekly/fortnightly/etc.) | Remind you of due dates and collect | On your chosen schedule |
How Payday Loans Work at a Glance
We’ve created a clear, side‑by‑side overview showing exactly how our payday loan Australia process turns a few clicks into the cash you need: fast and hassle‑free.
No jargon, no hidden steps: just straightforward support when you’re short on time and cash.
Responsible Payday Advances When You Need Them Most
At City Finance, our payday loans Australia service is here to bridge the gap between paydays, without judgement or hidden traps.
Whether you need a payday advance Australia–wide for a sudden medical bill, urgent car repair, or an unexpected rent increase, our streamlined process gets cash into your account fast. Unlike risky fringe payday lenders, we prioritise transparent fees, clear terms, and flexible options that respect your budget.
Representative Repayment Examples
When applying for a payday loan in Australia, it’s important to understand the type of the loan: MACC (Medium Amount Credit Contract).
- A MACC is for loans between $2,100 and $5,000, repaid over 12 to 104 weeks, with a flat establishment fee and interest added to your repayments.
Here’s a simple breakdown of how different payday advance amounts in Australia and repayment terms might look with City Finance:
² The comparison rate for MACCs is based on a $4,500 loan over 2 years. Your actual rate may vary depending on the loan amount and term.
Ready for a Stress‑Free Payday Advance?
Don’t let illness, repairs, or unexpected costs leave you stuck until next week’s pay. Apply for a payday advance with City Finance now, and our friendly team will get funds into your account the same day, giving you peace of mind and the freedom to handle life’s surprises. Start your application and take control of your cash flow today.
FAQs
What is a payday loan?
Payday loans are loans that are applied for when an applicant needs money quickly. Our payday loans are paid back between 12 – 52 weeks for loans under $2000, and 12-104 weeks for loans between $2100 and $5000.
What’s the difference between payday loans in Australia vs. a payday advance?
Payday Advances normally need to be paid very quickly – often in full when you next receive your pay, or a short period thereafter. Our Payday loans offer longer repayment periods, starting at 12 weeks and up to 1 or 2 years depending on amount
Are payday loans unsecured?
Yes, payday loans are unsecured loans and are sometimes known as unsecured cash advances. An unsecured loan means you won’t need to put any capital up against your loan as collateral, like a car or a house.
Where can I borrow money instantly?
How quickly you can borrow money will largely depend on the amount you need, your current financial situation, your credit report and your ability to complete your application. To get a fast loan, consider choosing a lender that specialises in simplified assessments and same-day approvals like City Finance.
Why are payday loans faster compared to other loans?
Because a payday loan is often considered a small cash loan, they are usually of a relatively low value and the underwriting involved is straightforward. Underwriting is when the lender assesses your regular income, expenses and assets in order to approve your payday loan. This process is a lot more rigorous when loans are secured, such as a mortgage or secured car loan. The quick assessment and application process means you can have the money in your account faster.
Am I eligible for a payday loan?
Most people are eligible for payday loans in Australia. All that we require is that the applicant is aged 21 or over, and has proof of income (or payments from Services Australia) that they can send us proof of, and has at least 90 days of transaction/banking history. If you have all the above then you are eligible to apply for a payday loan with City Finance.
What information do we need to process your payday loan?
At City Finance, applying for a payday advance 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 online application form with details such as your address and phone number
- 90-day history of bank statements
- Proof of your income (either wages or Centrelink benefits)
Do I need to pay my payday loan off in one singular payment?
No. Small amount loans can be scheduled to be paid back in as little as 6 weeks. However, if you want to pay your loan out early you can. There are no fees for paying your loan out early. Simply contact us and we can take payment over the phone, or you can login to our portal and schedule an additional payment to be debited from your account.
Are payday loans in Australia taxable or reportable?
No. A payday loan in Australia isn’t income; it’s debt. You don’t pay tax on the borrowed amount, and repayments aren’t tax deductible. Always check with your accountant for personal tax advice.
What is the payday loan cost, and will I pay less in fees if I pay my loan off over a short period of time?
If you take a loan amount of less than $2,000, then you will pay less in fees if you pay it off quickly. At City Finance we offer a simple fee structure with two types of payday loans; a SACC (small amount credit contract) and a MACC (medium amount credit contract).
- SAAC: You can loan between $500 and $2,000 and the cost is a 20% upfront establishment fee (split across payments) and a monthly maintenance fee of 4%. Therefore, if this is paid over a shorter amount of time, less fees will be charged.
- MACC: If you’re after more money, you can take out a MACC and borrow 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.
Do I need to specify what I’ll be spending my payday loan on when I apply?
Yes, we do require a valid reason for your loan application. Payday loans are unsecured loans, so you will receive the total amount of money that you’re approved for in your bank account and you’re able to do what you need with that money.
Can I make repayments earlier than my originally chosen date?
Yes. While some payday lenders charge an early payment fee, we don’t. If you can pay off your loan early – or just make an early payment – we won’t charge any early payment or early termination fees. Alternatively, if you need to change a payment that’s within the term of your loan, we can speak with you about some new suitable payment terms.
What happens if I can’t afford my payday loan repayments?
If you’re unable to make a payment, then please just reach out to our friendly team. They can work with you to find a solution that you can manage. However, if you don’t let us know that you are unable to make a payment, you may incur a dishonour fee.
What are payday lenders?
Payday lenders like City Finance, understand the urgency that comes with payday loans and design their approval and application process to cater to this. A payday lender will also be more likely to prioritise your loan application and understand how to get it approved quickly.
How will I receive my funds?
After you are approved for your loan, one of our staff members will send over a loan contract for you to read and sign. As soon as we receive the signed loan contract back, we’ll transfer the money over to your bank account. The amount of time for the money to show up in the bank account depends on the particular bank’s processing time, but often it will show up instantly.
How long does it take to get the money in my bank account?
A lot of our applicants will receive money on the same day that they apply for a loan. We understand that payday loans are applied for in situations where the need for money is urgent. For this reason, we strive to get applications approved as soon as possible and to get the funds transferred quickly.
Will I be granted the loan amount of money I apply for?
At City Finance we offer loans between $500 and $5,000. You can choose the loan amount you’d like to apply for on your payday loan. We will assess your application and try to grant you the specific loan amount that you applied for. However, each loan application is different and depending on your circumstances we will grant you the loan amount that we feel you are able to comfortably fulfil repayments on.
