Can a loan account even have a bank feed in Xero?

Yes. Xero lets you set up a loan or credit facility as a bank-style account, and once it exists, StatementClear can post a feed into it through the Bank Feeds API. From then on the facility behaves like any fed account: lines arrive, you reconcile them.

The platform only gives me PDF statements. Is that enough?

Yes. StatementClear reads PDF as well as CSV and Excel. Upload the PDF, confirm the column mapping once, and the loan activity posts as feed lines. The mapping is saved, so next month is upload and done.

Repayments are split into principal, interest and fees. How does that post?

The feed carries the lines as the statement shows them, so each component stays visible and you can reconcile it to the right place in Xero - principal against the loan balance, interest and fees to the profit and loss. Nothing is merged into one line that hides the interest.

Is my loan data safe?

Statements are encrypted in transit and at rest, and we never sell your data. StatementClear uses the statement solely to produce the feed lines posted to your Xero org.

No Xero feed for your loan account? Import its statements as one.

Xero publishes a lending integration guide that lets platforms post feeds through the Bank Feeds API, but very few lenders have built one. The loan account sits in Xero with no feed and its drawdowns, interest and repayments go in by hand. StatementClear posts them as live feed lines.

The loan facility drips interest, fees and repayments into your position every month, and most platforms hand you a PDF and nothing else. So the loan account in Xero is either ignored until year end or rebuilt by hand every month. StatementClear posts those statements into Xero as a live bank feed, so the facility reconciles as you go.

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Why lending platforms rarely have a Xero feed

Xero publishes a lending integration guide that lets platforms post feeds through the Bank Feeds API, but very few lenders have built one. Unless your platform is one of the rare exceptions, the loan account sits in Xero with no feed, and its drawdowns, interest and repayments have to be entered or imported by hand.

A loan account behaves like a bank account in reverse: drawdowns increase the balance, repayments reduce it, and interest is often capitalised straight onto the principal rather than paid out of your bank. Platform statements usually split each repayment into principal, interest and fee components - useful for the loan schedule, awkward for a feed that needs each movement stated once with the right direction. Many platforms only issue PDF statements, and some list transactions newest first or leave the running balance off entirely. StatementClear reads the PDF, keeps the direction of every movement straight with sign checks, and posts the loan activity into Xero as feed lines you can reconcile against the facility balance.

The manual way, every month

Log in and export a statement (and hope the format didn't change)
Reformat columns, dates and signs until Xero's importer accepts it
Upload the CSV into the right account and pray nothing doubled up
Eyeball the balance, fix what broke, repeat next month

And after all that, it still isn't a feed - it's a one-off import you'll redo next month.

The StatementClear way: a real feed

Upload the statement and it posts into Xero as a live bank feed through Xero's Bank Feeds API - deduped, balance-checked and ready to reconcile. Not another file to import. Converters hand you a CSV; this arrives in Xero the way a bank feed does.

Step 1
Connect Xero
Link your org and pick the account that has no feed.
Step 2
Upload your lending platform statement
PDF, CSV or Excel - whatever you can export. Map the columns once and we remember the mapping.
Step 3
We check it first
Duplicates are skipped, the running balance is verified, and sign errors are caught before anything posts.
Step 4
It lands as a feed
Clean lines arrive in Xero through the Bank Feeds API, ready to reconcile.

Questions about lending platforms and Xero

Related accounts

Stop importing lending platform statements. Start feeding them.

Tell us how your lending platform setup is structured and we'll get you connected.