ClearCash Loan

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 47.8% APR.

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$3,000

Maximum loan amount

Next Business Day

Turnaround time

4-12 months

Term of loan

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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

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⚠️ 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.

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. Customers can log in to the member's area to see if they are eligible to increase their credit limit or top-up their cash.
  • Fees. Applicants will be charged an interest rate of 47.8% APR and the other fees and charges depend on the frequency of their repayments. They will receive a full fee statement as part of their loan contract. Applicants need to read this carefully and ensure they can afford it before signing anything.
  • Repayments. Repayments can be made weekly, fortnightly or monthly and are debited directly from their account automatically. Customers will receive repayment reminders three days before so they know the money will be coming out.
  • Turnaround. Borrowers can apply online in a few minutes and find out if they are approved soon after. After they accept their contract, their credit limit can be made available to them within the hour.

Compare Other Short Term Loans

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

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
$2,000
9-14 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 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Nimble Short Term Loan
$2,000
62 days to 9 months
1 hour - conditions apply
$15
20% of loan amount + 4% of loan amount each month
$372
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
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 + loan management fee of up to $399 + 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
24 to 48 hours
$35
0% Establishment Fee + monthly fee 4%
$354
A small loan between $500 and $2,000 that can be funded in 24 hours. Note: Save up to $400 when you apply for a small loan from $500 to $2,000 and are approved for a 0% establishment fee. T&Cs apply.
Jacaranda Finance Personal Loan
$10,000
9-24 months
Under 1 hour - conditions apply
$35
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.
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Compare up to 4 providers

How to apply for 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.

Applicants are still eligible if:

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

Applicants need to provide the following information as part of their application:

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

How can customers contact ClearCash?

If customers would like to get in contact with ClearCash to discuss their account or a new cash loan, they can find their phone number located in the top right hand corner of its official website.

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129 Comments

    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

    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. See our guide to discover your Centrelink loan options. You can click the name of the lender to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    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 Pensioner loans and Centrelink loans you can check. You may want to get in touch with the lenders from the link above that might be able to help you obtain a personal loan while on a DSP pension. When you are ready, you may then click on the “Go to site” button if available and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Regards,
      Jhezelyn

    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.

      There are lenders that may consider you for a loan while on Disability Support Pension (DSP).

      Please click the link above to compare your options. Press the name of the lender, those with green checkmarks, to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    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 checking specialised loans for Centrelink recipients.

      I hope this information has helped.

      Cheers,
      Harold

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