Payday loans 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 small 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 $500 and $5,000 and you can choose between 12 and 52 weeks for loans under $2000, and between 12 & 104 weeks for loans between $2001 & $5000, as the length of your repayment terms.
ONLINE APPLICATION
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.
CONFIRMATION
Once we receive the information from you, someone from our team will contact 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.
FUNDING
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 can I use a payday loan for?
Payday loans are generally loans for people with bad credit, and can be used for basically anything, but here are some examples of why you may need one.
Car repairs
Even if you’re regularly maintaining your car, problems can happen. If you don’t have the money to cover unplanned expenses, our car repair loans could help you get back on the road faster.
Medical expenses
Even with Australia’s great health care system, out-of-pocket expenses can arise. From emergency medical bills to medication costs, get help quickly with our medical loans.
Rental bond
With loans for rental bonds, you can skip the upfront lump sum and pay a small amount out of your weekly pay packet at a rate you are more comfortable with.
Furniture or white goods
Can’t afford to rent or buy outright? Furnish your house faster with furniture loans from City Finance.
Emergency
We understand the urgency of unexpected costs. That’s why our emergency loans are designed to help you take care of expenses as quickly as possible.
Vet bills
With loans for vet bills, you can give your furry friend prompt medical attention without worrying about upfront costs.
Home renovations
Add value to your house and start building sooner with home renovation loans from City Finance.
Travel loans
Need a break but don’t have enough savings? Travel loans can make your dream holiday a reality.
Dental costs
Use a dental loan to cover unexpected bills from your dentist. Whether it’s an injury, a painful root canal or wisdom teeth removal – we’ll get you smiling again.
Why choose City Finance?
We offer loans across Australia including Brisbane, Sydney, Melbourne, Perth and Adelaide.
Quick loan process
Our team has extensive experience handling same-day payday loans, so you can feel confident you’ll receive your cash fast. Once approved, you can expect a same day cash deposit via a bank transfer.
Streamlined borrowing
To help you avoid missed payments – and to make your life easier – we’ve taken the hassle out of making repayments. Our direct debit system will automatically deduct the amount owing out of your nominated bank account on the due date.
Responsible, trustworthy lending
For over 20 years, City Finance has been a reputable name in the Australian lending industry. Unlike other payday loan providers, you don’t have to deal with just a computer screen – get real help from our friendly, knowledgeable staff.
Adaptable terms
You’ll likely have a payment plan set up to manage your loan repayments. However, as a responsible lender, we know that things change. If you are unable to make a payment, we’ll work with you to discuss your options.
Personalised repayments
Everyone’s financial position looks different. That’s why we can tailor your repayment amount, the length of the loan and the repayment terms to suit your personal circumstances.
Inclusive lending
Whether you have a poor credit history or are experiencing difficulty obtaining a loan from a traditional lender, we’re willing to help as many people as we can. We assess each situation on a personal level and are happy to consider applications for the following:
Payday Loan FAQs
What is a payday loan?
Are payday loans unsecured?
Where can I borrow money instantly?
Why are payday loans faster compared to other loans?
Am I eligible for a payday loan?
What information do we need to process your payday loan?
- 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?
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?
- 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.
