Get the Finder app 🥳

Track your credit score

Free

Install
finder.com.au

ClearCash Loan

Elizabeth Barry
Elizabeth Barry
Last updated:  

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.

$3,000

Maximum loan amount

Next Business Day

Turnaround time

4-12 months

Term of loan

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

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

Are you struggling financially?


If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help

⚠️ 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.

Data indicated here is updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
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.
Go to site
More Info
Nimble Short Term Loan
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.
Go to site
More Info
Safe Financial Small Loan
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.
Go to site
More Info
Fair Go Finance Small Loan
Fair Go Finance Small Loan
$2,000
3-12 months
1 business day
$35
Establishment fee 20% of loan amount + monthly fee 4%
$354
A small loan between $500 and $2,000 that can be funded in 24 hours.
Go to site
More Info
loading

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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

129 Comments

  1. Default Gravatar
    Karissa
    May 2, 2018

    How do I apply with ClearCash loan?

    Reply
    • 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

      Reply
  2. Default Gravatar
    Angelene
    April 24, 2018

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

    Reply
    • 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

      Reply
  3. Default Gravatar
    Roslyn
    April 18, 2018

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

    Reply
    • 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

      Reply
  4. Default Gravatar
    Zoe
    April 9, 2018

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

    Reply
    • 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

      Reply
  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.

    Reply
    • 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

      Reply
  6. Default Gravatar
    paul
    April 10, 2017

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

    Reply
    • 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

      Reply
  7. Default Gravatar
    Nina
    March 13, 2017

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

    Reply
    • 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

      Reply
  8. Default Gravatar
    Gabriella
    January 30, 2017

    How do we put 2 applicants on the one loan application

    Reply
    • 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

      Reply
  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

    Reply
    • 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

      Reply
  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!!!!!!!

    Reply
    • 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

      Reply
Go to site