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

Applicants
- 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
Product Summary
Registered defaults
< $1,000 Ignored if > 1 year
Bankruptcy
Discharged > 1 day
Arrears
1 late repayment < 30 days allowed
ABN & GST
Registered > 6 months
Maximum LVR
Borrow up to 80% of the property’s value
Minimum amount
$100,000
Max Loan – 80% LVR
$1,500,000
Maximum amount
$3,000,000
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
Permitted

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.