City Finance Business Lending Review - Rates and Fees | finder.com.au
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City Finance Business Loan

City Finance Business Lending approves business loans of up to $200,000 with flexible repayment terms and no hidden fees.

City Finance
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Elizabeth Barry
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If you opt for a business loan from City Finance Business Lending, you can apply for between $5,000 and $200,000 and repay it over a period of up to 24 months. You also have the option of applying for an unsecured loan of up to $10,000 where you are not required to put up assets as collateral.

The application process is quick and can be completed online, with funds deposited into your account as early as the following business day. Any business type can apply, including established entrepreneurs, sole traders and new small businesses. (Your business must have been operating for at least six months to be eligible).

How does a City Finance Business Lending loan work?

The application process takes a few minutes and is completed online. Once submitted, a City Finance Business Lending loan relationship manager will get in touch. If approved, funds are usually deposited by the next business day.

City Finance Business Lending works with businesses to determine loan repayment terms, which are tailored to that business' goals and what it can afford. Loans are repaid over a period of between 3 and 24 months. You can make weekly, fortnightly or monthly repayments.

Features of the City Finance Business Lending loan

If you're interested in applying with City Finance Business Lending, here are some of the features to consider:

  • Unsecured option. This loan is available for loan amounts up to $10,000. You are not required to offer property, equipment or any other valuable asset as security.
  • Fast turnaround. The online application takes five minutes. Your application can be approved within hours through same-day processing and the loan amount is deposited into your nominated account the next business day.
  • No hidden fees. City Finance Business Lending charges no hidden or direct fees for providing business loans.
  • Flexibility. The loan terms are based on your business goals and what you can afford. You can repay over a period of up to 24 months in weekly, fortnightly or monthly installments. Repayments are made via direct debit.
  • Versatile. This loan can be used for any purpose, including paying off tax debt and making a balloon payment on a lease.
  • Startups can apply. City Finance Business Lending will consider applications from businesses operating for six months or longer.
  • Interest only options. An interest-only payment option exists for select clients (terms and conditions apply).

How much does the loan cost?

A City Finance Business Lending loan comes with a $500 application fee that is payable only on settled loans.

How to apply for this loan

If you're looking to apply with City Finance Business Lending, you can get an obligation free quote on its website.

Your business must meet the following criteria:

  • You must have been operating for at least six months
  • Your business must have a valid ABN

You will also be asked to submit the following:

  • Personal and corporate details
  • Desired loan amount and its purpose
  • Driver's licence
  • BSB and trading account numbers
  • Profit and loss statements
  • Tax returns
  • Financial year-end statements

City Finance Business Lending's bank verification system pulls a 90-day transaction history from your online banking account. You can opt to send in hard copies, but this might delay approval.

Applying for a business loan can mean the difference between your business flourishing and flat-lining. Before jumping at the first offer, make sure that the loan product is suited to your business, your objectives and your budget.

Business lenders you can compare

Whilst we don't compare these loans directly, use the table below to see how it compares against other loans.

Data updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Moula Business Loan
Moula Business Loan
$5,000
$250,000
1 to 2 years
2% Establishment fee
A loan of up to $250,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
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Zip Business
Zip Business
$10,000
$500,000
6 months to 3 years
No Establishment fee
Borrow up to $500,000 with loan terms of up to 3 years. Flexible weekly, fortnightly and monthly repayment options available with no early repayment fees.
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Lumi Unsecured Business Loan
Lumi Unsecured Business Loan
$5,000
$300,000
3 months to 3 years
2.5% establishment fee
Apply for up to $300,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
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ebroker Business Loan
ebroker Business Loan
$5,000
$5,000,000
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
Enquire now
Max Funding Unsecured Business Loan
Max Funding Unsecured Business Loan
$3,000
$30,000
1 month to 1 year
$0 application fee
An unsecured business loan from $3,000 that offers convenient pre-approval and no early repayment fees.
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More Info
Valiant Finance Business Loan Broker
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Enquire now
Octet Trade Finance
Octet Trade Finance
$200,000
$8,000,000
1 month to 2 years
Transaction fee 2.5%
Access a line of credit to pay suppliers in over 65 countries. Borrow from $200,000 up to $7 million.
Go to site
More Info
OnDeck Business Loans
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
3% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
Go to site
More Info
Heritage Bank Fully Drawn Business Loan
Heritage Bank Fully Drawn Business Loan
$20,000
No maximum amount
1 to 25 years
Application fee is available upon application
Get access to a loan from $20,000 with no maximum limit with Heritage Bank. Loans can be secured by residential and non-residential property and have terms of up to 25 years.
Go to site
More Info
Prospa Business Loan
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
Go to site
More Info
ANZ Secured Business Loan
ANZ Secured Business Loan
$10,000
$10,000,000
Up to 15 years
$600
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
Enquire now
Westpac Business Loan
Westpac Business Loan
$20,000
$1,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
Enquire now
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