Important disclosure

SocietyOne Personal Loans

SocietyOne personal loans have interest rates that go lower when your credit history gets better. Starting rates also outshine what you get from the big banks. But you might need to compare your options and repayments below to see if the overall package is worth those extra dollars in your pockets.

Calculate repayments

Loan Amount

$10,000

Term

3 months

SocietyOne

Personal Loan - 2 to 3 years - Tier 1

EST Monthly Repayment
EST Monthly Repayment
7.50%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 2 to 3 years - Tier 2

EST Monthly Repayment
EST Monthly Repayment
10.49%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 2 to 3 years - Tier 3

EST Monthly Repayment
EST Monthly Repayment
11.99%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 5 years - Tier 1

EST Monthly Repayment
EST Monthly Repayment
8.10%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 2 to 3 years - Tier 4

EST Monthly Repayment
EST Monthly Repayment
14.99%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 5 years - Tier 2

EST Monthly Repayment
EST Monthly Repayment
11.39%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 5 years - Tier 3

EST Monthly Repayment
EST Monthly Repayment
13.19%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.
SocietyOne

Personal Loan - 5 years - Tier 4

EST Monthly Repayment
EST Monthly Repayment
16.79%
Advert. Rate (p.a)
Comparison rate
We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.

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Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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Society One personal loans – Find better & tailored rates

SocietyOne has dominated the online marketplace lending scene since 2012, helping borrowers and investors get better deals while excusing banks from the equation. The peer-to-peer financing platform was the first of its kind in Australia. It also offers rates tailored to the borrower’s credit score (the better your credit, the lower your rate).

If you’re not a fan of the “one rate for all” approach, then SocietyOne personal loans may be right up your street.

SocietyOne unsecured personal loans at a glance

  • Loan amounts. $5,000 – $50,000
  • Loan terms. You can borrow over 2,3, or 5 years
  • Interest rate. From 6.99%
  • Interest rate type. Fixed rate only
  • Security. No collateral required
  • Pros. You get a lower rate when you have a higher credit score. There are also no ongoing fees or early repayment fees.
  • Cons. You won’t have access to a redraw facility, and your establishment fee increases if your credit rating is low.

Features of SocietyOne personal loan

  • Competitive and tiered interest rates. Borrowers will receive an interest rate that’s unique to their credit score. Additionally, rates are likely to be lower than traditional bank offers because of low overhead costs and a simpler lending system.
  • Fixed rates. Your repayments are secure from fluctuations, so you always know how much you have to pay.
  • Fewer fees. Although there are no monthly or early repayment fees, SocietyOne charges a one-off establishment fee which can be as high as $995.
  • Flexible repayment options. You can make fortnightly or monthly repayments via direct debit.
  • Extra repayments. Additional repayments are also allowed at zero cost. This gives you the flexibility to clear your debt quickly should you choose to.
  • Quick funding. Once approved, you’ll have the money in your account in as little as one business day.
  • Private and secure borrowing. While investors can see some of your information, they won’t know your identity. Society One provides a secure platform that keeps your sensitive details safe.

What can you use a personal loan from Society One for?

SocietyOne offers several personal loan options designed for a specific use, such as:

  • Debt consolidation. With a low rate personal loan from Society One, you can pay off your other debts and get rid of higher rates. Your budget and debt then become easier to manage, plus you can potentially save more.
  • Weddings. According to SocietyOne, the funds can cover your venue, the dress, and even the honeymoon, plus more.
  • Holidays. You can pay for your flights, accommodation, and other expenses that make your holiday worthwhile.
  • Home renovations. This option allows you to give your home a makeover without increasing your mortgage.
  • Car purchases. You can buy a new or used ride without offering collateral or security.
  • Education and studies. A SocietyOne student loan is a great option that can pay for uniforms, books, and other study material.

Eligibility criteria and what you need

To qualify for a personal loan from SocietyOne, you must be:

  • At least 21 years of age
  • An Aussie citizen or permanent resident
  • Earning more than $30,000 per annum – Centrelink is an accepted form of supplementary income
  • A creditworthy borrower

You’ll also need the following information and documents during the application process:

  • Driver’s licence or passport
  • Personal details such as your name and date of birth
  • Proof of address, for instance, a utility bill
  • Proof of income such as payslips or bank statements
  • Details about your expenses and debts

Apply for a Society One personal loan

Before applying, you can use our SocietyOne personal loan calculator and then click “Go to Site” in the table above to get started. On the lender’s website, use the following steps to apply:

  • First, get your interest rate which is calculated based on your credit history. If you’re a borrower with excellent credit, you’ll likely get the best rate. This quote will not impact your credit score.
  • Complete the online application process in 5 minutes.
  • You get funds in your account as soon as you’re approved.

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