Loan types

Simple and fast borrowing
We offer quick cash loans of $500 to $5,000 with flexible, customised repayments tailored to suit you. Our simple, fast and stress-free loan process can be done completely online or over the phone.

Rental bond loans

Apply for a rental bond loan in 3 simple steps!

We are always upfront and transparent about our costs – no hidden fees or charges.

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

Calculate your loan repayments

Your loan amount
  • Credit Amount
    $1,000
  • +
  • Credit Costs
    $360
  • =
  • Total Payable
    $1,360
Repayments are indicative only and based on our assessment of your application. Minimum repayment term is 12 weeks and maximum is 52 weeks. Max APR is 48%.

Moving house or apartment can be an exciting experience. Perhaps you’ve found the place of your dreams. Or maybe you’re moving to a buzzy new neighbourhood with plenty of new restaurants to try and cool places to check out. However, paying the lump sum of a rental bond can put quite the dampener on your impending move.

Rental bonds are a security payment that’s usually paid when you move into a new rental property. The amount is normally around the price of four weeks’ rent. The bond is held onto while the tenant is staying in the property. Once the tenant moves out, they’ll receive a bond refund if the place is in good condition, or if there is damage to the house or apartment, some money from the bond will be deducted to pay for repairs. Bonds are very common, regardless of whether you’re renting through a real estate agent or the private rental market.

While moving house can be exciting – it can also be very expensive. Most of the time the tenant doesn’t just need to pay rent and security bond, they’ll also need to pay moving costs and buy extra furniture or appliances to furnish the house. The costs of these things can add up significantly.

Rental bonds are a popular solution when a tenant is low on cash and scrambling to scrape together enough money to cover the bond. These types of bond assistance can be granted quickly and allow the received to gradually pay off the bond at a speed that’s suitable to their income.

The application process for a rental bond loan is a breeze. In fact, it’s as easy as 1, 2, 3, as you can see below.

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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, send proof of identity and your most recent 90-day bank statement.

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Confirmation

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 contact you to confirm the approval and send your contract. We’ll also get your bank details so we can send over the money.

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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 are rental bond loans?

Rental bond loans are an amount of money that’s lent to a borrower to cover the total of their rental bond. Rental bonds are normally the equivalent of four weeks’ rent, so they can range from as little as around $500 up to thousands of dollars.

If you’re moving house and have spent all of your budget on moving expenses, rent and new furniture, a rental bond may be a great idea to help you make ends meet. A rental bond loan with City Finance can be applied for and paid out quickly to the applicant. In fact, many people that apply for a rental bond loan with us have the money paid directly into their bank account on the same day they submit their application.

Am I eligible for a rental bond loan?

At City Finance we have very relaxed requirements for applicants to be eligible for a rental bond loan. Often applicants who have bad credit, no credit history, are on Centrelink payments or are newly self-employed may struggle to get approved for a loan at financial institutions and big banks. However, at City Finance we’re willing to help Aussies when other lenders won’t.

As long as you have some sort of income (this can be a job or Centrelink payments) and are aged 18 or over then you’re eligible for a rental bond loan with us. We’ll simply require proof of your income, some supporting bank statements, ID and a short online form to be filled out.

What supporting documents and information do we need to process your rental bond loan application?

At City Finance the application process for securing a rental bond 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 transactions

Why choose City Finance?

Decisions and deposits are done quickly

A loan that takes a lot of work to apply and a lot of time to approve can not only be a hassle – it can defeat the entire purpose of getting a loan for some people. Some applicants find themselves in situations where they need cash quickly. We understand this and have spent decades streamlining our approval and pay-out process.

At City Finance our skilled team members are experts in approving loans and approving them quickly. In a lot of cases, applicants can get money in their bank on the same day that they apply for a loan.

Flexible payment terms

Loan amounts differ, and so do the applicant’s personal circumstances. For this reason, we offer flexible terms for each loan. Initial loan amounts range between $500 and $5000 and repayment periods vary between six weeks and one year. Applicants have the freedom to choose the amount, and the repayment period they prefer on their application.

Hassle-free repayments

When a loan repayment is missed it can often mean that the borrower is hit with a late payment fee. We try to help our borrowers avoid this fee with our direct debit scheme. With this initiative, we will automatically direct debit the repayment amount from your nominated bank account on the due that the payment is due – removing the hassle for you.

Inclusive lending

Many bigger financial institutions tend to turn away potential borrowers if they don’t fit their particular checklist of requirements. At City Finance we take a lot more friendly and hands-on approach. Rather than having blanket terms about who is and who isn’t allowed to borrow from us, we consider each case individually. Even if you have bad credit or are unemployed, we will still consider your application and may be able to lend money to you.

No sneaky fees

The majority of people have been hit with a hidden fee sometime in their life. We understand how frustrating this is, so we make sure that all of our fees are clear and that no hidden fees will pop up for our customers. We also have strict rules about not charging any fees on early payouts or extra repayments.

Trusted lender

Borrowing money can sometimes be daunting for applicants who haven’t done so before. That’s why it’s important that our applicants know that we are real people who have been in the business of lending for a long time. In fact, we’ve been lending to Aussies for over two decades, so you can trust that we’re a reputable company to borrow from.

FAQs

How much can I borrow with a rental bond loan?

We offer loans from as little as $500, to as much as $5000. When applying for a rental bond loan with us you can stipulate the amount you’d like to borrow. A friendly representative from City Finance will get in touch with you to consider your circumstances and discuss the amount that you’re eligible for.

Do I have to use my rental bond loan on the bond only?

Absolutely not, rental bond loans can be used to cover any part of your moving costs. Rental bond loans are generally used to cover bonds, however, during the moving process lots of other costs can pop up. You may need to buy a new fridge to fit in the specified space, or some expensive objects may break while they’re being transported to your new spot. Rental bond loans can cover these items too.

Rental bond loans are actually unsecured personal loans, so the amount you’re approved for will be deposited into your bank. You don’t need to show any proof of what it’s spent on. Once the money is paid directly into your bank account, you can do what you please with it.

All that we ask for is that the agreed repayments are made on their due date. If you find yourself in a situation where you’re unable to meet a repayment, simply get in touch with us and a friendly staff member will work out a contingency plan with you.

Great service! Highly recommend!!

Donna and Justine went above and beyond to make it an easy process and I couldn’t recommend them more in the future they have really made this a breeze! 11/10 service!
Aellis, 18 September 2020

City Finance are truly remarkable

City Finance are truly remarkable. They are willing to listen, understand and help. They have backed me, stood by me through personal upheavals. A company that goes the extra mile. Thank you.
Ms Laura Dean, 15 November 2020

Thank you to Sue & the team

Thank you to Sue and the team at City Finance! Excellent service, fast. Very friendly and easy. Approval money within the hour. Would have no hesitation in using them again in the future and I would highly recommend them to anyone.
Mr Scott Lord, 20 November 2020

Fast and friendly service

Fast and friendly service. I have been with City Finance for a while and wouldn't think of going anywhere else. Thank you
Mr John Lye, 13 July 2020

Contact Us

1300 34 62 62

(1300 Finance)