ClearCash Loan

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ClearCash is an online lender that offers short-term loans up to $3,000.

ClearCash offers loans up to $3,000 with repayment terms that range between 4 to 12 months. It charges an APR of 47.8% APR.

$3,000

Maximum loan amount

Next Business Day

Turnaround time

4-12 months

Term of loan

Details

Product NameClearCash Loan
Minimum Loan Amount$500
Maximum Loan Amount$3,000
Loan Term4-12 months
Turnaround timeNext Business Day
Costs47.8% APR
RequirementsYou must have a steady income - Centrelink accepted but 50% or more of your income must come from employment & be over 18.
Available to Centrelink Borrowers?Yes

How does a ClearCash Loan work?

ClearCash loans range between $500 and $3,000. The loan terms vary between 4 to 12 months. Applicants can apply for a loan online and must meet the eligibility requirements. If approved, customers can receive funds within one hour of accepting the contract.

Borrowers are required to make repayments weekly, fortnightly or monthly, which are debited directly from the nominated account. Borrowers will also be charged an APR of 47.8% APR. As an ongoing line of credit, it will remain open until it's repaid and the borrower asks for it to be closed.

Features of a ClearCash Loan

  • Loan amount. Credit limits range between $500 and $3,000.
  • Top-up or redraw. You can log in to the member's area to see if you're eligible to increase your credit limit or top-up your cash.
  • Fees. You'll be charged an interest rate of 47.8% APR and the other fees and charges depend on the frequency of your repayments. You will receive a full fee statement as part of your loan contract. Read this carefully and ensure you can afford it before signing anything.
  • Repayments. Repayments can be made weekly, fortnightly or monthly and are debited directly from your account automatically. Customers will receive repayment reminders three days before so you know the money will be coming out.
  • Turnaround. You can apply online in a few minutes and find out if you're approved soon after. After you accept your contract, your credit limit can be made available to you within the hour.

Compare Other Short Term Loans

Whilst we don't compare this loan directly, here are some other loans that are similar.

Updated February 19th, 2020
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Nimble Short Term Loan
$2,000
62 days to 3 months
1 hour - conditions apply
$15
15% of loan amount + 3% of loan amount each month
$372
Finder Exclusive: 25% discount on the establishment fee (now 15%) and monthly fee (now 3%)
A loan up to $2,000 with terms up to 62 days to 3 months. Centrelink cannot be your primary source of income.
Sunshine Short Term Loans
$2,000
9-12 weeks
30 minutes - conditions apply
$35
20% of loan amount + 4% of loan amount each month
$396
A small loan up to $2,000 that you repay over 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Wallet Wizard Smart Loan (Up to 2K)
$2,000
Up to 2 years
3 hours - conditions apply
$10
47.8%
$316.70
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
Safe Financial Small Loan
$5,000
22 - 52 weeks
Same day - conditions apply
$35
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + from 8.7% to 48% APR
$396
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Fair Go Finance Small Loan
$2,000
3-12 months
1 business day
$35
Establishment fee from 20% of loan amount + monthly fee from 4%
$354
A small loan between $500 and $2,000 that can be funded in 24 hours.
Speckle Small Loan
$2,000
3 to 12 months
1 business day
$5
10% of loan amount + 2% of loan amount each month
$348
A small loan up to $2,000 from a lender backed by NAB. Transparent eligibility criteria and competitive costs.

Compare up to 4 providers

How to apply ClearCash Loan

People can apply for one of these loans online but must check if they meet the eligibility requirements and have the necessary information to complete the application.

You are still eligible if:

  • You receive Government benefits
  • You are currently, or have previously been, bankrupt
  • You have any defaults listed on your credit file

You need to provide the following information as part of your application:

  • How much you want to borrow and how long for
  • The purpose of your loan (temporary cash shortfall, debt payments, etc.)
  • Your income and expenditure
  • The last 90 days of your banking statements or your internet banking details
  • Personal details including your residency status and your age
  • Whether you have missed any loan repayments in the last six months

How can I contact ClearCash?

If you'd like to get in contact with ClearCash to discuss your account or a new cash loan, you can find their phone number located in the top right hand corner of their official website.

⚠️ Warning about borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Financial hardship

If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.

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129 Comments

  1. Default Gravatar
    Karissa
    May 2, 2018

    How do I apply with ClearCash loan?

    • Avatarfinder Customer Care
      Jhez
      May 2, 2018

      Hello Karissa,

      Thank you for your comment.

      If the eligibility requirements are met, then you can simply apply for this loan online. Kindly refer to the details above for the requirements and further steps to apply.

      Regards,
      Jhezelyn

  2. Default Gravatar
    Angelene
    April 24, 2018

    Where do I apply? Can I apply? I’m on DSP on Centrelink.

    • Avatarfinder Customer Care
      Jeni
      April 24, 2018

      Hi Angelene,

      Thank you for getting in touch with finder.

      Yes, you may still be eligible to apply for this. One of the eligibility criteria is receiving government benefits like Centrelink.

      If you’re interested in applying for a loan from ClearCash, the first step is checking you meet the eligibility criteria. Then you can submit your application form online.

      If you’d like to get in contact with ClearCash to discuss your account or a new loan, you can find their phone number conveniently located in the top right hand corner of their official website.

      Receiving Centrelink payments doesn’t cut off your access to credit. Discover what loan options are available to you by clicking this link.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  3. Default Gravatar
    Roslyn
    April 18, 2018

    I am on Disability Pension, is there a loan for me?

    • Avatarfinder Customer Care
      Jhez
      April 18, 2018

      Hello Roslyn,

      Thank you for your comment.

      For ClearCash, if you’re receiving Government benefits, you can still be eligible. Just refer to the eligibility requirements above or inquire directly from the lender.

      Moreover, there are also other lenders that consider pensions as an income. You may want to get in touch with the lenders on this page that might be able to help you obtain a personal loan while on DSP pension.

      You may also read our comprehensive guide to getting a loan on Centrelink payments. I hope this helps.

      Regards,
      Jhezelyn

  4. Default Gravatar
    Zoe
    April 9, 2018

    Im on the DSP pension and have a little bad Credit is there a loan for me

    • Avatarfinder Customer Care
      Jeni
      April 9, 2018

      Hi Zoe,

      Thank you for getting in touch with finder.

      Yes you could still apply for a loan.

      Please see this link for more info and options to compare.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  5. Default Gravatar
    Josh
    April 24, 2017

    Hi

    Do you accept joint applicant loans from $1000 – $2000? I’m on centrelink looking for work and my partner is working while getting centrelink.

    • Avatarfinder Customer Care
      Harold
      April 25, 2017

      Hi Josh,

      Thank you for your inquiry.

      Generally, Centrelink payment is accepted but 50% or more of your income must come from employment & be over 18. Should you need an additional option you may want to consider to check this page.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    paul
    April 10, 2017

    I’m on Centrelink payments fortnightly am I eligible for a personal loan, please?

    • Default Gravatar
      Liezl
      April 10, 2017

      Hi Paul,

      Thanks for getting in touch. Please note that finder.com.au is an online comparison service and is not a product issuer.

      If you would like to discuss your eligibility or options for a loan, please compare your loan options, make sure you meet the requirements and then get in touch with a lender featured on this page.

      I hope this has helped.

      Cheers,
      Liezl

  7. Default Gravatar
    Nina
    March 13, 2017

    Hi i have 2 credit cards i need a loan for so i can pay them off

    • Avatarfinder Customer Care
      Dee
      March 14, 2017

      Hi Nina,

      Thanks for reaching out.

      If you are looking to consolidate your credit card debts, you can compare your debt consolidation options here.

      Cheers,
      Anndy

  8. Default Gravatar
    Gabriella
    January 30, 2017

    How do we put 2 applicants on the one loan application

    • Avatarfinder Customer Care
      Dee
      January 30, 2017

      Hi Gabriella,

      Thanks for your question.

      ClearCash is for personal loan application only. If you are looking for a joint personal loan, please check and compare your options here.

      Cheers,
      Anndy

  9. Default Gravatar
    Dane
    January 3, 2017

    I am currently solely on Newstart allowance and am hoping to borrow a small amount for my car, is this a possibility

    • Avatarfinder Customer Care
      May
      January 3, 2017

      Hi Dane,

      Thanks for your question.

      Borrowers who receive Centrelink payments are eligible to apply with ClearCash, however, 50% or more of your income must come from employment and should be over 18. You can also review the criteria and get more information from our guide on this page for your other options.

      Hope this helps.

      Cheers,
      May

  10. Default Gravatar
    Dez
    August 25, 2016

    Hi there I have a monthly income of 1464 and truth no bills my partner is with a trustee and it’s all prepaid by them need a loan of 1000 for a doctor and previous micro loan help!!!!!!!

    • Avatarfinder Customer Care
      Elizabeth
      August 25, 2016

      Hi Dez,

      ClearCash offers flexible eligibility criteria with its loans so if you show you have the capacity to repay you may be eligible. If you have specific questions regarding your eligibility you should get in contact with ClearCash directly, or if you’d like to apply you can submit your application on the ClearCash website.

      Hope this helps,

      Elizabeth

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