Clear Loan

For those clients with some defaults and arrears, we accept 100% of most income types, and for start-up businesses we accept one-day ABNs and newly registered GSTs.

make it

     on your terms

Key features of the MKM Clear loan

Loan Settings

  • Rates from 4.15%
  • Max LVR 70% up to $1.5M or max LVR 80% up to $1M for residential houses
  • Max LVR 70% up to $1M for Units and apartments
  • We pay an upfront commission of 0.7% with a 0.2% trail

Other features

  • Indicative pricing is under our Clear product on the attached guide
  • We do not clawback
  • MKM does not shade the income from any country, we accept 80% of rental income for overseas investment properties


  • All borrowers must be Australian Citizens if living overseas (Expat)
  • Australian Citizens (Passport holders living and working overseas) or Australian Citizen/Permanent Residents that resides in Australia and earn overseas income (can be self employed)
  • Income verification for self employed borrowers will need to include 1 year’s financials
  • Discharged Bankrupt > 1 day

What our Clear customers are saying

“Our new business had to expand and MKM’s understanding and flexible approach has really helped give our start-up the boost it needed.”

“Like a lot of people, I work a few jobs to make ends meet. MKM added them all up, and was able to give me a Clear loan. ”

Product Summary

Registered defaults

< $1,000 Ignored if > 1 year


Discharged > 1 day


Zero arrears
1 late repayment < 30 days allowed


Registered > 6 months

Maximum LVR

Borrow up to 80% of the property’s value

Minimum amount


Max Loan – 80% LVR


Maximum amount


Maximum term

30 years (subject to expected retirement age)

Minimum term

5 years

Interest structure

Principal & Interest OR Interest Only. Additional terms and conditions apply to Interest Only loans.

Repayment frequency

Weekly, fortnightly or monthly (Interest only is monthly)

Extra payments


Ready to take the next step?

One of our Business Development Managers will be happy to speak with you to find a solution that best suits your needs.