About City Finance
CityFinance has been around for some 20 years and their approach to lending has been refined and become more targeted within that period.
A Growing Reputation
Presenting as an empathetic and caring fast cash loan provider, they not only live up to this online but have a growing reputation of making things real on the ground.
A Simple Credit Provider
CityFinance manifests a different yet highly usable site where all pertinent details - most notably the helpline number along with a loan calculator - are immediately visible.
CityFinance is aiming at a hassle-free, truly listening stance that will enable any Australian seeking a short-term loan to both feel at home and get things finalised in as short a time as possible online.
A Lender that Cares
While CityFinance is clearly caring and focused on their clients, their FAQ’s leave a lot to be desired in terms of hard information and blunt facts.
Call for Assistance
In spite of having all of the intel available onsite, new clients are best off calling the helpline in order to run through a list of questions most pertinent to them.
What City Finance can offer you
Offering loans from $500 up to $5,000 with various repayment terms, CityFinance’s loans, although not alone in their category, have struck a chord with Australians and from small beginnings the company is now well established.
A loan of $1500, for example, will cost a total of $2040 over 4 months. The minimum loan period on repayments is 12 weeks and the maximum is 52 weeks.
Capped Interest Rates
Although the APR of 48% is substantial, it’s on a par with CityFinance’s peers and, all in all, the bottom line is that the sooner a personal loan is paid off the better.
Loans for Self Employed
While the application process clearly presumes employment, the helpline is the best port of call for self-employed people, as individual circumstances are evaluated and it is possible for those self-employed to garner a loan from this lender. CityFinance is almost wholly geared towards employees.
Apply for Cash Online
City Finance offer both in store and online application however it is their online process that has gained them quite the reputation.
If you need a fast loan, simply visit their site and complete their online loan application to get the cash you need fast.
In a Nutshell
- Loan minimum $100
- Loan maximum $5,000
- Interest rate 20% establishment fee and an ongoing 4% monthly fee for loans under $2,001
- Loan term minimum 12 weeks
- Loan term maximum 5 years
- Average processing time 1 hour
- Online application
- In-store application
- Unsecured loan option
- Early repayment
CityFinance is the Go-To Lender
To their credit, although bound as all lenders are by ASIC and other protocols, CityFinance has clearly invested in public relations.
Never losing focus of the fact that they are dealing with people, not money, has stood them in good stead. Negative reviews of this company are hard to come by.
Meet Agents Face-to-Face
This has no doubt a little something to do with the fact that they maintain a network of branches where people can talk to people, face to face, and have an online loan application assessed in minutes.
CityFinance has an almost apologetic lean towards potential clients who are genuinely not eligible for a quick loan and they do go to greater lengths than almost any other lender to try and secure a loan for everyone who applies, within the legal framework as legislated.
Tools and Extras
CityFinance has a very helpful blog with a range of informative article and tips from insurance and everyday banking to their money saving tips – these articles are high quality and are clearly aimed at everyday consumers.
Eligibility & Requirements
- Stable address history
- Earning a stable income
- Credit check
- Bank statements
Other Products & Services
- Fast Loans