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Guide on Getting you Clear Loans

Have you been looking for a guarantor loan provider in Australia? Look no further because Loanscout is here to help you during these hard times with providing you a guide to getting yourself a Clear Loan. If you have not heard about it yet, Clear Loans is from the company called Richmond Group Financial Services.

As a guarantor loan provider, clear-loans can offer you personal loan amounts between $3,000 to $15,000 respectively. Normally, loan terms range between 12-60 months based on the which term the company allows you. It should also be noted that the possible maximum interest rate that could be charged by lenders is 43% per year with the same comparison rate of 43%. This is an example for a loan amounting to $10,000 at 36-month loan terms.

This Guarantor Loan has the following key features:

  •       Loan amount available is between $3,000 and $15,000.
  •       Repayment Loan Terms that are available are between 12-48 months for borrowers with loan amounts under $9,000 while those exceeding $9,000 shall be allowed for 24-60 months of loan terms.
  •       A fixed and all-inclusive rate of 43% per year as interest can be charged by the lender and no other charges shall be applied to the loan.
  •       A guarantor is necessary when applying for a loan.
  •       As a precaution against fraudulent activities, the loaned amount shall be deposited into the guarantor’s bank account once approved. This is also done to make sure that your guarantor is fully aware of the amount being disbursed, the entire loan terms and the obligations of becoming one’s guarantor.
  •       For the instance that a borrower fails to make a loan repayment, the lender will then approach the loan guarantor for the repayment instead. In the case that both borrower and guarantor refuses or simply fail to make due repayments, further actions can be taken by the lender such as taking legal action or passing on the debt to a professional debt collection service.

Clear Loans

Loans – Cost Chart of a Loan

No establishment fees are charged by Clear Loans. 43% per year interest rate and comparison rate is charged for both medium loans ($3,000-$5,000) and personal loans (above $5,000). Lastly, we also make sure that no additional fees shall be charged by a lender to a borrower, whether that may be late payment fees, letter fees, early repayments, or fees on arrears. You can check the chart below and use it as a guide to having a clearer understanding on the costs of a loan taken from them.

Loan Type

Loan Amount

Repayment Period

Total Repayment

Medium Loan


24 months


Medium Loan


24 months


Personal Loan


36 months



Things to consider before applying are the pros and cons of Clear Loans


  • If you have a bad credit history, they can still accept you, unlike traditional bad credit loan companies.
  • If you are self-employed, you are also welcome to apply.
  • Early repayments will not cost you additional fees and charges.
  • No lender will charge any fees on top to their quoted interest rate.


  • A guarantor may not always be available for you to find, however, they are strict on only accepting applicants with guarantors.
  • Since it is a guarantor lender, services provided by the company may take longer unlike quick cash loans or payday loans. The application process may take longer if compared to the many personal loan providers found online.
  • Clear Loans may accept borrowers with poor credit histories, however, guarantors should have proven good credit history instead.
  • Payday loans can be cheaper among short term borrowers.

 If you feel that they are for you, proceed ahead to check your eligibility and start your application process.

Eligibility Criteria

Borrowers shall meet the following criteria:

  •       Be 18 years of age or over (until 75 yrs. old only);
  •       You should not be coming out from a recent bankruptcy;
  •       Ability to repay the loan, even if you’re self-employed or receiving benefits from Centrelink payments;
  •       Have a guarantor on board.

While these are the criteria for your guarantor:

  •       Be 18 years of age or over (until 75 yrs. old only);
  •       Be able to provide proof of affordability to make repayments in place of the borrower if he/she fails to repay accordingly.
  •       Proof of good credit history
  •       Either be a homeowner in Australia or have exceptionally great credit scores. Note that homeowner guarantors have higher chances of loans getting accepted compared to guarantors who are non-homeowner.

Personal Loans

Apply for Loans – How to Apply for a loan?

Applying for a loan with Clear Loans may not be as easy as other online loan processes, but this should take you a lot shorter than long waiting queues at branches because it is still 100% online!

Step 1: Fill in and submit your initial application

Visit their website and simply click on the ‘Apply Now’ button to begin your application. Input all the information asked in the provided application form. This includes your desired loan amount and repayment loan terms, the purpose of your loan, and other particulars. Lender site shall also provide you with a link for the guarantor to fill in. Be truthful and make sure to attach all necessary documents such as bank statements. Submit your application.

Step 2: Get evaluated and verified 

All necessary assessments will be conducted by them and if you pass these, the lender will head over and call your guarantor to confirm and explain all details regarding all loan terms. Assessment check that includes credit checking on your guarantor is done to determine if they will accept your loan application.

Step 3: Get your cash

Upon giving confirmation by your guarantor, the lender may do further evaluations before the loan amount is disbursed. Once fully approved, within the following 24 hours, the loaned amount can be disbursed to your guarantor’s bank account. It is expected that the main borrowers will get their cash from their guarantors.

How to Reach them

Before trying to contact them, you may first head over to our FAQs, because your question may have been answered here already. In the case that you cannot find the answer from the FAQs, then Clear Loans’ customer support may be the quickest way for us to resolve your problem. If you have any query or clarifications, it is recommended that you head to their website and use the online chat assistants available on the site.

You may also speak with a Clear Loans representative by dialling 1300 430 935 that is open from Monday to Friday (9AM – 9PM only). Repayment related concerns can be directed at For complaints, you can send a message directly at


Do I really need a guarantor to secure a loan?

Unfortunately yes, Clear Loans strictly requires guarantors for every loan application.

How long is the decision for my loan application?

There is no specified time limit on how fast they can check your loan application. Such factors shall be included when making an estimated decision from clear 2 close home loans: time of filing the loan application, quickness of guarantor to comply with the requirements for the application process, and guarantor’s availability to take a call from the lender for verification purposes.

Are there any additional and hidden charges?

None! We make sure that no additional fees shall be charged by a lender to a borrower, whether that may be late payment fees, letter fees, early repayments, or fees on arrears. No excess of its quoted 43% interest rate per year is implemented.

How long will it take for the loan amount to be disbursed?

Upon approval, it may take them up to 24 hours to process this disbursement. (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).

Loanscout is not a lender and does not make credit decisions. Loanscout matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

Consumer Advisory: Loanscout is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

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