Common Questions

What is Peer-to-Peer lending?

What type of loan products are available?

For Borrowers

How much can I borrow?

What will be the interest rate on my loan?

Who can apply for a loan from SocietyOne's investors?

What if I have poor credit history?

What type of credit check is completed?

What is my SocietyOne score?

What are the fees and charges?

Can an investor view my personal information?

Can I repay my loan early? Can I make extra payments?

Can I choose my repayment date?

Can I change my payment due date?

Can I get a personal quote before I apply?

How are repayments calculated?

Can I change the amount I borrow after applying?

Can I cancel my loan?

Can I change my bank account/direct debit details?

What if I experience difficulty making a repayment?

What happens after I apply? How long is the process before I get a loan?

My loan has been funded by the investors, how do I finalise/accept it?

Have we answered your question?

For Investors

I'm interested, how do I become involved?

EAR Calculation: what is Effective Annualised Return?

How is Effective Annualised Return calculated?

Determining when loans can be included in the formula

Determining which periods are included in the formula

Limitations of Effective Annualised Return

Have we answered your question?

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*This comparison rate is based on an A-credit grade borrower for a $10,000 Unsecured Personal Loan for a three year term.
WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate, but may influence the cost of the loan.
A Comparison Rate Schedule is available in the January Offer Terms and Conditions hyperlink below.
 SocietyOne Fees.

**SocietyOne Australia Pty Ltd does not guarantee any particular rate of return or the return of capital repayment from the SocietyOne P2P Lending Trust.  Past performance is not an indicator of future performance.

***January Offer Terms and Conditions and Comparison Rate Schedule. 
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice contained in this website and before making any investment decision we recommend that you consider whether it is appropriate to your situation and seek appropriate financial, taxation and legal advice. Information on this website is intended for residents of Australia only.

SocietyOne Australia Pty Ltd does not guarantee any particular rate of return or the performance of any investment, nor do they guarantee the repayment of capital from the SocietyOne P2P Lending Trust. An authorised representative of and acting on behalf of Ironbark Asset Management Pty Ltd (ACN 136 679 420, AFSL 3410202) as intermediary of SocietyOne Australia Pty Ltd (ACN 151 627 977) ("SocietyOne") holder of Australian Credit Licence No. 423660, Issuer of the P2P Lending Trust.

Your Privacy Is Protected. When you register with SocietyOne either as a borrower or investor, your privacy is our priority.  SocietyOne adheres to a Privacy Policy standard similar to any Financial Service Provider. Your unique username, provides you anonymity to the general public.  Investors can only view limited borrower information necessary for making an investment decision and to ensure compliance with applicable laws and no Personal Identification Information is shared. Read more...