Fee Statement

At ClearLoans we like to keep things simple and honest. We will always make sure we show you all of the costs of your loan upfront. It's also why we never charge any setup fees, fees for phone calls, letters or anything else.

The most important thing to know about our guarantor loans is that you only pay interest for the time you have the loan, because we calculate our interest daily.

For example, if you borrow $6000 over 36 months but decide to repay the loan in 12 months, you'd only pay interest for those 12 months.

There are no early settlement fees or charges for making extra payments, so you're free to make as many extra payments, alongside your set monthly repayments, as you like.


Medium Loan
(If the principal amount borrowed is between $3,000 - $5,000 and to be repaid between 16 days – 2 years)

When you make all of your scheduled repayments on time, you will only be charged the interest calculated based on the applicable interest rate.

Establishment Fee
One-off fee payable per loan

$0.00

Interest Rate
This is the Annual Percentage Rate. Interest accrues daily and is charged monthly in arrears on the outstanding balance of your loan

43% p.a

Comparison Rate

43% p.a


Personal Loan
(If the principal amount borrowed is over $5,000 and to be repaid over a term longer than 2 years)

When you make all of your scheduled repayments on time, you will only be charged the interest calculated based on the applicable interest rate.

Establishment Fee
One-off fee payable per loan

$0.00

Interest Rate
This is the Annual Percentage Rate. Interest accrues daily and is charged monthly in arrears on the outstanding balance of your loan

43% p.a

Comparison Rate

43% p.a

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