City Finance offers unsecured personal loans with amounts ranging from $500 to $5,000, making it a useful choice when urgent financial needs pop up. The establishment fee is 20% for small loans, plus a monthly maintenance fee of 4%. For loans between $2,100 and $5,000, there’s a $400 setup fee with a 48% annual interest rate. Loan terms stretch from 12 up to 52 weeks, so you have options to suit your needs.

How to Apply for City Finance Loans

• Start the online application by providing your personal and banking details.
• City Finance will review your information and may ask for supporting bank statements or ID.
• If approved, sign your loan contract electronically.
• Funds are then transferred, often within minutes if you have an Osko-enabled account.

Pros of City Finance Loans

Getting a loan with City Finance is quick and convenient. Approval can happen within a few business hours, with funds accessible almost immediately after contract signing. Flexible repayments, whether weekly, fortnightly or monthly, help keep budgeting simple and affordable.

City Finance also considers applicants with varied financial backgrounds, including those on Centrelink or with past credit difficulties, offering more inclusivity than traditional lenders.

Cons of City Finance Loans

The fees and interest rates are relatively high, typical for fast cash providers. If you need to borrow large amounts or can wait longer, other lenders may offer cheaper options.

There’s also a strict eligibility check—borrowers must be over 18 and cannot have entered bankruptcy or a Part 9 agreement in the past six months.

Our Verdict

City Finance delivers on its promise of fast, flexible funding for everyday Australians facing urgent expenses. For those needing speed and flexibility, it is a strong option. Always check the true cost and ensure repayments fit your budget before you apply.