SocietyOne Personal Loans


Pay no monthly or early repayment fees. Low rates from 7.5% p.a (9.51% p.a. comparison rate*). Getting a quote for a SocietyOne personal loan won't affect your credit score. Find out your rate in as little as 1 minute.


Fixed rate from
7.50% p.a.*
Comparison rate from
9.51% p.a.*
Establishment Fee
from 3.00%, min fee $300
Monthly Service Fee
$0

SocietyOne interest rates are personalised for each customer and are determined based upon factors such as your credit score - the higher your score, the lower your rate.

  • Fixed rate from
    7.50% p.a.*
  • Comparison rate from
    9.51% p.a.*
  • Establishment Fee
    from 3.00%, min fee $300
  • Monthly Service Fee
    $0


Secure online application


  • Clicking the Apply Now button will take you to your Online Application on the bank's website.
  • Your application will take around 20 minutes to complete

SocietyOne Personal Loans

Apply now

Some Benefits of a SocietyOne Personal Loan

  • Low rates from 7.50% p.a. (comparison rate 9.51% p.a.)

    The interest rates are personalised for each customer and are determined based upon factors such as your credit score - the higher your score, the lower your rate.

  • Getting a quote won't affect your credit score

    It takes 1 minute

  • Borrow from $5,000 up to $50,000

    SocietyOne personal loans comes with flexible loan terms of 2, 3 or 5 years

  • No penalty for making extra repayments or paying off the loan early

    You also have the freedom to pay out your loan early in full or make additional lump sum payments during the life of your loan with no extra fees or penalties.

  • Establishment fee

    SocietyOne charge a one-off establishment fee that is included in your total loan amount. This fee is starting from 3.00% (minimum fee $300) up to 5.00%.

  • Quick and easy process

    Get your rate in as little as 1 minute. SocietyOne will give you a rate based on your credit history. Getting a quote won't affect your credit score.

The SocietyOne Personal Loan

What we love...

One of the great things about the SocietyOne Personal Loan is its low rates and easy of quote to application process. When you get a quote for a SocietyOne Personal Loan, you can rest assured that your credit score is not affected. You receive your rate in as little as 1 minute and if you are happy you can proceed toe the online application which takes about 5 minutes to complete. Choose from 2, 3 and 5 year loan terms.

There is flexibility to make additional lump sum payments and pay off the loan before end of term without getting penalised or charged extra fees. While SocietyOne is offering loan amounts from $5,000 to $50,000, you should only borrow an amount that best suits your situation, making sure you will be comfortable paying off each instalment. Whether you’re going on holiday, getting married, buying a car or doing some renovations, this personal loan could help you cover it.

Another important feature of the SocietyOne Personal Loan is that interest rates are personalised to you and are determined based upon factors such as your credit score - the higher your score, the lower your rate.

What’s not so great...

SocietyOne charge a one-off establishment fee that is included in your total loan amount. This fee is starting from 3.00% up to 5.00%. So if you borrow a large amount this establishment fee can be high. You have to way up the interest rate you get and the cost of borrowing and decide whether it is for you.

Why should you choose this personal loan?

SocietyOne offers personalised interest rates for each customer and the higher your score, the lower your rate.

Overall Rating

Great low rates and no monthly or early repayment fees. However it comes with a high establishment fee from 3% up to 5%.

Other Pros

  • From 7.5% p.a (9.51% p.a. comparison rate*)
  • No monthly or early repayment fees

Cons

  • Establishment fee of 3% up to 5% (minimum fee $300)

SocietyOne Personal Loans

How to apply for a SocietyOne Personal Loan

When you apply for a loan through SocietyOne, your loan offer is assigned a grade between Tier 1 and Tier 4 with a corresponding interest rate range and the fee for establishing your loan.

The loan grade is based on a variety of factors, such as your credit history, credit score, employment status, cash flow and loan amount requested. The better the SocietyOne loan grade, the lower the interest rate and fee.

Once your application is approved, your loan will be placed in SocietyOne's marketplace and matched with their investors who provide the funding.



Application criteria

Make sure you meet the following criteria before you apply:

  • Be at least 21 yrs old
  • Earn more than $30,000 p.a. from employment (Centrelink may be used as supplementary income)
  • Be an Australian citizen or permanent resident
  • Have good credit
  • Be using the loan mainly for personal use

Application Process

  • Get your rate: In as little as 1 minute SocietyOne give you a rate based on your credit history. This won't affect your credit score
  • Apply online: Most people finish their application within 5 minutes
  • Get paid: Once approved, SocietyOne will have the funds in your account in a few days.