Are you in need of a convenient, ongoing solution to your funding needs? Look no further than ClearCash.
There are times when you can be caught short and find yourself in need of financing. Do you need your car repaired but it's still a week until payday? Forgotten that electricity bill was due? A fast loan solution can help you finance whatever you need and then gives you ongoing access to it should you need it again. ClearCash offers one such loan product, giving you access to up to $3,000 with no hidden interest or fees. Find out more about this loan in the review below and see if it's right for you.
| Product Name | ClearCash Loan |
|---|---|
| Minimum Loan Amount | $500 |
| Maximum Loan Amount | $3,000 |
| Loan Term | 4-12 months |
| Turnaround time | Next Business Day |
| Costs | 47.8% APR |
| Requirements | You 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? | No |
How does a ClearCash Loan work?
ClearCash provides fast, flexible loan solutions for people in need of them. You simply apply online when you're in need of a loan and find out if you're eligible. Once approved, ClearCash can give you access to your approved credit limit to you within one hour of you accepting your contract.You can apply for a limit of up to $3,000, with your "available credit" being the difference between the total amount of credit available to you and your current account balance (what is owed to ClearCash).
Automatic repayments are set up from your bank account to help you repay your loan on time — no stressing about forgetting your repayment dates. Remember this is an ongoing line of credit so the account will remain open until you ask for it to be closed.
Features of a ClearCash Loan
- Loan amount. Apply for a credit limit between $500 and $3,000, depending on your needs.
- Top-up your loan or redraw. You can simply login to the member's area to see if you're eligible to increase your credit limit or top-up your cash.
- Transparent costs. 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.
- Flexible repayments. Repayments can be made weekly, fortnightly or monthly and are direct debited from your account automatically, so there's no need for you to remember to make them. You'll also see repayment reminders three days before so you know the money will be coming out.
- Fast 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.
- Eligibility. You still may be eligible for a loan if you have defaults listed on your credit file or receive Government benefits. ClearCash also considers current and discharged bankrupts.
Compare Other Short Term Loans
Whilst we don't compare this loan directly, here are some other loans that are similar.
How you can apply for a ClearCash Loan
If you're interested in applying for a loan from ClearCash, the first step is checking you meet the eligibility criteria (outlined below). Then you can submit your application form online at the ClearCash website.
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 conveniently located in the top right hand corner of their official website.
How do I apply with ClearCash loan?
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
Where do I apply? Can I apply? I’m on DSP on Centrelink.
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
I am on Disability Pension, is there a loan for me?
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
Im on the DSP pension and have a little bad Credit is there a loan for me
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
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.
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
I’m on Centrelink payments fortnightly am I eligible for a personal loan, please?
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
Hi i have 2 credit cards i need a loan for so i can pay them off
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
How do we put 2 applicants on the one loan application
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
I am currently solely on Newstart allowance and am hoping to borrow a small amount for my car, is this a possibility
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
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!!!!!!!
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