Applying online is quick and simple.

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Why people choose us

Peer-to-peer lending is a simple, fast and effective way to connect people who want a loan with investors looking to lend. We're simply a better way to borrow.

Low cost, tailored rates

We reward good quality borrowers with lower rates based on their unique credit history. Our rates start at 8.95% p.a.* The better your credit history, the lower your interest rate. It's really that simple.

Simple fee structure

Our loans feature no monthly fees, no early repayment fees and no break costs. For more information on fees, see our Rates and Fees.

Flexible loan options

Our loans are unsecured with fixed repayments made fortnightly or monthly. You can borrow up $35,000 with loan terms from 1 to 5 years.

Fast online application

Our application process is 100% online. This keeps our costs down and may save you money. It also means faster approval times and funding.

Why people choose us

  • Low cost, tailored rates
  • Simple fee structure
  • Flexible loan options
  • Fast online application

How it works

Simple, fast and secure: borrowing with SocietyOne is done in 4 easy steps.

Borrowing with
SocietyOne is easy

Get Started
  • 1

    Apply online

    Our loan application is 100% online. Complete our easy application in 10 minutes.

  • 2

    Get your loan approved

    We will assess your application, approve your loan and get back to you with a loan offer within 24 hours of receiving your documents.

  • 3

    Accept our loan offer

    Once we provide you with a loan offer, it's over to you to accept it. As soon as you accept our loan offer, we'll prepare the loan contract.

  • 4

    Get your money

    Your money is deposited directly into your bank account, usually within 72 hours after we receive your signed contract.

Interested in how investing with SocietyOne works? Find out here.

Hear what our customers have to say

Leah's story
Debt consolidation loan
Clark's story
New car loan
Jonny's story
Home improvement loan

"It really is the easiest transaction I think I have ever completed."

— Paul, VIC

"This process is the fastest, most seamless way to borrow money - welcome to the revolution!"

— Lovey, VIC

Common Questions & Answers

How much can I borrow?

You can borrow between $5,000 and $35,000 for an unsecured personal loan. Loan terms range from 12 to 60 months.

What will my interest rate be?

Your interest rate is determined by your SocietyOne loan grade which is based on a variety of factors, such as your loan application history, employment status, loan amount and your VedaScore.

Are there any fees or charges?

A one-off establishment fee is included in your total loan amount. There are no monthly fees or early repayment fees. A $35 fee applies if you vary your loan.

What is peer-to-peer lending?

Peer-to-peer lending is an opportunity for borrowers and investors to bypass the banks and connect directly with each other in a secure, online environment.

Need more answers? - Check out our General, Borrower or Investor FAQs.