Payday loans up to $5,000

Need money in your bank account quickly? Secure a payday loan in 3 simple steps!

Why get a payday loan?

Being short on cash when an unexpected expense pops up can be a very stressful situation. Luckily, 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 pay less in interest rates compared to larger loans.

At City Finance, we offer payday loans between $500 and $5,000 and you can choose between one and fifty weeks as the length of your repayment terms.


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 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.



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 substantial hardship, 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?

Payday loans are loans that are applied for when an applicant needs money quickly for a short amount of time. Typically, payday loans are paid back the next time the recipient gets paid – hence the name payday loans.

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, we recommend 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 very minimal. Underwriting is when the lender assesses your regular income and assets in order to approve your payday loan. This process is a lot more rigorous when loan values are higher. 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 18 or over, and has proof of income (or payments from Services Australia ) that they can send us proof of. If you have both of 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:
  1. A copy of your ID
  2. A short online application form with details such as your address and phone number
  3. 90-day history of bank statements
  4. Proof of your income (either wages or Centrelink benefits)

Been approved for a loan with City Finance in the past? You may be eligible to apply for a no credit check loan.

Do I need to pay my payday loan off in one singular payment?

No. It’s up to you how you’d like to pay off your payday loan. If you’d prefer to pay it off in one payment then you can or if you’d like to split the payments over multiple weeks, that’s also okay too. In fact, you can pay your payday loan off in any amount of time between one week and up to fifty-two weeks.

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).
  1. 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.
  2. 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 very brief 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 please 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, we will have to charge you 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.

Can I get a payday loan with a bad credit rating?

At City Finance we are a lot more lenient about granting fast payday loans to applicants with less-than-perfect credit scores, as compared to the big banks. We understand that bad credit scores happen and we will take the time to consider your personal circumstances when evaluating a payday loan application. So, if you have a few blemishes on your credit history, don’t worry, we may still be able to help.

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.


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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