ClearLoans Personal Loan

ClearLoans Personal Loan

ClearLoans Personal Loan


43 % p.a.

Fixed rate


43 % p.a.

comparison rate

  • Loans from $3,000
  • Terms up to 60 months
  • Fast turnaround
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What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the product issuer's website. You do not need to be an existing customer of this provider to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • You'll be given a decision on your application from the lender and you could have the money in your account within 24 hours.
Click here to start your application >>

Need a loan but concerned about your credit history? Clearloans specialises in guarantor loans available to bad credit applicants.

A loan from Clearloans can give you the financial freedom to take care of your bills until payday or make a large purchase, even if you have bad credit. This unsecured guarantor loan has terms available up to 5 years and is available to people who have a bad credit history because it is guarantor based.

Product NameClearLoans Personal Loan
Minimum Loan Amount$3,000
Maximum Loan Amount$15,000
Arrears Fee$0
Loan Term60 months
Turnaround timeNext business day
Costs43% APR of borrowed amount
Available to Centrelink Borrowers?Yes


  • Loan terms up to 5 years
  • Bad credit applicants considered
  • No early repayment fees


  • High interest rate
  • Must have a guarantor
  • Be between 18-75 years old
  • Cannot be currently or recently bankrupt
  • Have a suitable guarantor

How does a loan from Clearloans work?

This loan is unsecured and comes with an interest rate of 43% p.a. You’re required to have a guarantor for this loan, so it is important that you have someone who you trust, and who understands the risks and responsibilities of becoming a guarantor.

The minimum amount you can borrow is $3,000 and the maximum is $15,000. The terms that you can borrow are 1 year to 5 years, so if you’re using a guarantor that you don’t see sticking around for the duration of your loan, consider picking someone else.

Features of a loan from Clearloans

Some of the features of a loan from Clearloans include:

  • Poor credit history. If you’ve been denied a loan before due to your less than desirable credit history, that’s not something that you need to worry about with Clearloans. It will consider you for a loan even with poor credit.
  • Guarantor loan. Clearloans offers a guarantor model with this loan. This allows someone who you trust to guarantee that they will make the payments if you’re no longer able to (so make sure you pick someone who is able to take on this responsibility).
  • Quick turnaround. The loan application process aims to be completed by the next business day or within 24 hours of your application.
  • Unsecured loan. Although this loan is unsecured, which means you don’t have to put an asset against it to borrow the money that you need, you still have the security of a guarantor if things go bad. Not that you should solely rely on them for your payments, but it’s a nice safety net to keep in mind.
  • Few to no fees. There are no set-up fees, no late repayment fees and no early settlement fees offered on this loan.

Fees and charges

Here are some of the fees and charges you can expect with this loan:

  • No set-up fees, such as an establishment fee.
  • No late payment fees.
  • No early settlement fees.

However, if you are unable to pay this loan off and Clearloans are unable to get a payment, the guarantor of the loan is responsible for the repayments.

Are you eligible for a Clearloans loan?

  • You must be between 18-75 years old
  • You cannot be currently or recently bankrupt
  • You must be able to find a suitable guarantor

How you can apply

The application process for this loan is as follows:

  • Click on “Go to Site” and apply online.
  • You will be asked much you want to borrow over how many months. You will also be asked to fill out a budget plan to ensure that you can afford the repayments.
  • A link is then sent to the guarantor of the loan as they have to complete a part of the application as well, as well as filling out a budget plan.

Once you have filled in your application, you can expect your application to be approved and funded within 24 hours.

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31 Responses

  1. Default Gravatar
    TyJanuary 30, 2019

    My partner applied for a loan with this company and it’s been 4 days and she still hasn’t received her payment. She went to a common wealth bank and they said that this company is a fake and have reported it to the National Government to sort it out.

    • Avatarfinder Customer Care
      JohnJanuary 31, 2019Staff

      Hi Ty,

      Thank you for reaching out to finder.

      You feedback is valuable to us. You may also file a complaint to the Australian Financial Complaints Authority (AFCA) or the Financial Ombudsman Service to assist you further on this. Hope this helps!


  2. Default Gravatar
    ErnestJanuary 14, 2019

    Could i apply without a guarantee. As i have a boat worth 8 times the amount looking at borrowing

    • Avatarfinder Customer Care
      JohnJanuary 15, 2019Staff

      Hi Ernest,

      Thank you for reaching out to finder.

      You may want to check on our page about secured personal loans by clicking this link. High-priced assets such as boats, motorbikes and jewellery are accepted by some lenders as a guarantee. Your item or collection of items is valued and then used as security, allowing you to take out the loan you need. You generally won’t find these loans at major banks. Hope this helps!


  3. Default Gravatar
    RenaeJanuary 4, 2019

    When will my call be answered plz

    • Avatarfinder Customer Care
      JohnJanuary 4, 2019Staff

      Hi Renae,

      Thank you for reaching out to finder.

      If you are pertaining to a loan application you have with ClearLoans, it may be possible that they are currently reviewing your application and may call you soon to provide a decision or ask for additional documents for them to complete their decision. If you wish to follow up on your application, you may contact ClearLoans directly to inquire. Hope this helps!


  4. Default Gravatar
    AndyDecember 18, 2018

    Hi, I was going to sign up for a loan today. I had gotten to the page where I add in my bank details and I have decided not to go ahead with it as I cannot afford it. I see no cancel button. I just tried calling and waited for over 30minutes. It got through to somewhere (not in Australia) only for the call to be disconnected. What happens next?

    • Avatarfinder Customer Care
      JhezDecember 20, 2018Staff

      Hello Andy,

      Thank you for your comment.

      I am sorry to hear about the hassles that you’ve encountered in cancelling your application. To make sure that it’s been cancelled, you should get in touch with the lender, if not by phone, you may reach them through email or through forms found on their website. Just visit their website, then got to their contact us page.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  5. Default Gravatar
    DeeqnnaDecember 7, 2018

    Hey my names deeanna. I’m just wanting to see when my next repayment date is

    • Avatarfinder Customer Care
      JohnDecember 11, 2018Staff

      Hi Deeqnna,

      Thank you for reaching out to finder.

      From the page we are on, you may click on the “Go to site” button to be routed to the ClearLoans page. Once there, scroll to the very bottom where you will see “Contact” Clicking on that will give you options on contacting them to check your next repayment date. Hope this helps!


  6. Default Gravatar
    LisaNovember 12, 2018

    My daughter is after a guarantor. I said I would, but my income is low Centrelink plus part-time work. Is this going to be a problem?

    • Avatarfinder Customer Care
      JhezNovember 13, 2018Staff

      Hello Lisa,

      Thank you for your comment.

      According to ClearLoans, a guarantor will be asked to send their bank statements so they can make sure the loan payments are affordable. This is just in case the guarantor ever did need to step in and make payments. The guarantor will need to give ClearLoans a quick call to confirm his/her details, check that he/she understands the responsibilities and to arrange paying out the loan.

      Also, you, as a guarantor must meet the eligibility criteria such as below:

      Age should be between 18-75
      Must be an Australian resident
      Not a guarantor on another ClearLoan
      No ClearLoan

      I hope I was able to answer your inquiry. Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  7. Default Gravatar
    BreeOctober 16, 2018

    Hi hi I’ve been accepted for a loan. I’ve tried to call the number use have provided 85667773
    No one is picking up, I have been on hold for 2 hours. I’ve hungup and tried calling all day. How do I go about getting in contact with someone. Is there an email I can contact use on or another number. Thankyou

  8. Default Gravatar
    MelSeptember 20, 2018

    If you pay your loan back in full before the 60 months do you still have to pay all the interest?

    • Avatarfinder Customer Care
      CharisseSeptember 20, 2018Staff

      Hi Mel,

      Thanks for reaching out to finder.

      If you pay your loan early, you will only repay the amount that you borrowed and the interest accrued for the time you have the loan. Clearloans does not also charge any early termination fee if you settle your loan early.

      I hope this helps.


  9. Default Gravatar
    Jenna-LeeJuly 9, 2018

    Why do you need to access guarantor’s bank details, I have my grandmother as my guarantor and she is on a pension but owns her house.

    • Avatarfinder Customer Care
      JhezJuly 9, 2018Staff

      Hello Jenna,

      Thank you for your comment.

      Please note that with ClearLoans, loans are paid out into the guarantor’s bank account. This is to prevent fraud and give you the option of changing your mind before you transfer the money to the borrower. Although a guarantor does not have to be a homeowner, it may increase the possibility of accepting them as your guarantor if they do own their own home. Best to get in touch with ClearLoans directly so you can discuss more. I hope this helps.


  10. Default Gravatar
    MariaJuly 5, 2018

    Can your spouse be your guarantor?

    • Avatarfinder Customer Care
      JhezJuly 6, 2018Staff

      Hello Maria,

      Thank you for your comment.

      According to ClearLoans, your spouse can be a guarantor. But if you have shared finance, they need to be extra sure that having the loan wouldn’t put either of you under any financial strain, and that you haven’t had any problems paying bills in the past. If you and your partner don’t have shared finance, then the normal rules apply and they can accept you as long as you meet their criteria.

      A suitable guarantor is someone who is aged 18-75, has a good credit history and can afford to make the monthly payments if you don’t. Your guarantor doesn’t need to be a homeowner, but if they are, they’re more likely to accept them. I hope this helps.


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