Sign inContact us
◆Calculator

Clawback calculator

How much upfront a lender reclaims if a loan discharges early — by lender and month since settlement, from the published schedule for 54 Australian lenders.

The loan

As named on the AFG residential clawback summary. Aliases (CBA / Commonwealth Bank) point at the same row.

$

The gross upfront on the settlement statement, GST-inclusive. Lenders claw back on what they paid, before your aggregator split.

Count from the settlement date to the discharge date. Month 0 is the settlement month.

If it discharges now
$3,300
100% of the upfront, in the 6–9 month band.
Clear of clawback from month 24 — 16 months from now. If the client is refinancing for rate, a retention conversation before then is worth $3,300.
Commonwealth Bank — full schedule
MonthsClawbackOn $3,300
0–3100%$3,300
3–6100%$3,300
6–9 ◂100%$3,300
9–12100%$3,300
12–1542–50%$1,386–$1,650
15–1830–38%$990–$1,254
18–2118–26%$594–$858
21–246–14%$198–$462
24+0%$0

Indicative only. Compiled from the AFG Residential Lender Clawback Summary; lenders change terms and individual aggregator agreements differ. Confirm against your own aggregator's current schedule.

How clawback works

When a loan settles, the lender pays an upfront commission. If that loan is discharged, refinanced away or paid out within the lender's clawback period — almost universally 24 months in Australia — the lender reclaims some or all of the upfront. It is not invoiced; it is deducted from your next commission run, which is why a clawback usually appears as an unexplained shortfall rather than a line you can point at. Clawback, defined.

The schedule is the part brokers underestimate. Most lenders reclaim 100% inside the first 12 months, then taper — but the taper is the lender's choice. In the 12–15 month band alone the published rates range from 0% to 100%. Some step down in fixed blocks; some slide daily on a pro-rata basis, which a three-month band can only bracket, and that is why some cells on this page show a range rather than a single figure.

Trail is never clawed back. It simply stops when the loan leaves the lender's book — so the real cost of an early discharge is the upfront reclaimed plus the trail that will now never arrive. The trail commission calculator puts a number on the second half.

What to do with the number

  • Before a refinance conversation. If a client is moving for rate inside the window, the clawback is the floor on what a retention call is worth. A repricing request to the current lender is usually cheaper than losing the upfront.
  • When reconciling a statement. A clawback deducted at the wrong band rate is a recoverable error. Check the month count against the settlement date, not the application date.
  • When valuing the book. A buyer prices the share of loans still inside their clawback window. The valuation calculator takes that share as an input; the valuation guide explains what it does to the multiple.
  • For the whole book at once. The signed-in Clawback Exposure report runs this calculation across every loan you hold, by lender and by month, and totals what is at risk. The full 54-lender schedule is public.