product logo

Guarantor Loan

Compare

Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No application fees
  • No early exit penalty
  • Can apply online
Cons:
  • Cannot apply in branch
Advertisement
Advertisement

Clearloans Australia Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$0
Ongoing Fee
Ongoing Fee
$0
Borrowing range
Borrowing range
$3k - $15k
Total Repayments
Total Repayments
$53,856
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$0
Ongoing Fee
Ongoing Fee
$0
Borrowing range
Borrowing range
$3k - $15k
Total Repayments
Total Repayments
$53,856
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Restrictions
Must be able to source a guarantor for the loan

ClearLoans is an Australia-based guarantor-required lender. It is necessary for an applicant to have a friend or family member as a guarantor in order to secure a personal loan from ClearLoans.

ClearLoans’ dependency on guarantors enables them to loan money to riskier borrowers with bad credit scores and/or those who are unemployed.

Strictly speaking, ClearLoans is not a payday lender as its minimum loan amount exceeds the $2000 cap for payday loans.

Compare your product with the big 4 banks, or add more products to compare
As seen on