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We only offer loans between $5k and $50k! Amount

Loan Term

My Credit Worthiness is...

Interest Rate From

{{ rateRanges.interest.low | currency }}% ? Interest rates for borrowers with the credit worthiness you have selected range from {{ rateRanges.interest.low }}% p.a. to {{ rateRanges.interest.high }}% p.a.

Comparison Rate From

{{ rateRanges.comparison.low | currency }}% ? Comparison rates for borrowers with the credit worthiness you have selected range from {{ rateRanges.comparison.low }}% p.a. to {{ rateRanges.comparison.high }}% p.a. This rate reflects the total cost of your loan including interest charges and other fees and is used to help you identify the true cost of your loan.

{{ model.frequency.name }} Repayments From

${{repayments | currency(0)}}

Monthly Fee

Repayment Frequency

show {{ extendedResults ? "less" : "more" }}

Total Repayments

${{loanTotal | currency(0)}}

Including Interest and fees of

${{(loanTotal - model.amount) | currency(0)}} ? This includes an establishment fee of ${{currentFeeAmount}}. This is added to the total amount of your loan

Start a quote!

***WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate.

4.7/5 on Google reviews

4.8/5 on ProductReview.com.au

“Pretty happy with the service, easy to talk to someone and very happy with my loan. Save a fair bit by consolidating my loans.”

Ron

“Company is efficient and quick with regard to their service. Will definitely refer to family and friends. Don’t make the clients wait on the phone unlike other companies. More power.”

Josephine

“Customer service was excellent. I received a call almost straight away when I lodged my application. The process was very simple and fast! I would definitely recommend Society One to anyone looking for a loan that is very competitive.”

Frances T

“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time.The paperwork is so simple you can do it from your phone.”

BDH

“I found it was a very easy way to apply for a loan to pay off my credit card and personal loan I had with amazing interest rates I wish I had found them years ago I would have saved thousands not just a few hundred.”

BNT

“Best customer service with a very great rate. I found the whole process very easy, and was pleasantly surprised with the interest rate I was offered. Overall I would not hesitate in recommending society one.”

Trev

4.7/5 on Google reviews

4.8/5 on ProductReview.com.au

“Pretty happy with the service, easy to talk to someone and very happy with my loan. Save a fair bit by consolidating my loans.”

Ron

“Company is efficient and quick with regard to their service. Will definitely refer to family and friends. Don’t make the clients wait on the phone unlike other companies. More power.”

Josephine

“Customer service was excellent. I received a call almost straight away when I lodged my application. The process was very simple and fast! I would definitely recommend Society One to anyone looking for a loan that is very competitive.”

Frances T

“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time.The paperwork is so simple you can do it from your phone.”

BDH

“I found it was a very easy way to apply for a loan to pay off my credit card and personal loan I had with amazing interest rates I wish I had found them years ago I would have saved thousands not just a few hundred.”

BNT

“Best customer service with a very great rate. I found the whole process very easy, and was pleasantly surprised with the interest rate I was offered. Overall I would not hesitate in recommending society one.”

Trev

4.7/5 on Google reviews

4.8/5 on ProductReview.com.au

“Pretty happy with the service, easy to talk to someone and very happy with my loan. Save a fair bit by consolidating my loans.”

Ron

“Company is efficient and quick with regard to their service. Will definitely refer to family and friends. Don’t make the clients wait on the phone unlike other companies. More power.”

Josephine

“Customer service was excellent. I received a call almost straight away when I lodged my application. The process was very simple and fast! I would definitely recommend Society One to anyone looking for a loan that is very competitive.”

Frances T

“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time.The paperwork is so simple you can do it from your phone.”

BDH

“I found it was a very easy way to apply for a loan to pay off my credit card and personal loan I had with amazing interest rates I wish I had found them years ago I would have saved thousands not just a few hundred.”

BNT

“Best customer service with a very great rate. I found the whole process very easy, and was pleasantly surprised with the interest rate I was offered. Overall I would not hesitate in recommending society one.”

Trev

“The process of applying for the loan was quick and easy. I'm not very tech Savoy but I found all the banking links easy to follow and understand. The loan was then approved faster than I expected, very happy”

GJS

“Applied Wednesday got approved and funds on Friday same week! Was sent emails all through the process to inform of progress. Awesome interest rate, way better than the big banks.”

Verity

“Staff were very helpful, courteous and prompt.
All extra costs were what I expected - so nothing additional - very informative.
After some investigation of other lenders - Society One gave me the best interest rate”

VOB

“The easiest loan I’ve ever had!! The best customer service, very quick reply!! Always happy to help!! I know where I’ll be getting my next loan from if needed! Thank you!”

nikz

“Service was amazing throughout process and in regards to cost they were upfront so you know what you are paying before you give concent and i was satisfied with offer.”

Rjay

“I emailed a query & in no time Society One replied! Extremely efficient and I was emailing a real person, not a robot. This company is so professional, & it was a pleasure to deal with them.”

Jay

“The service I have received from Society One has been excellent. They are always friendly, helpful and prompt in actioning my requests. I have no hesitation in recommending them to anyone.”

Andrea

“Super quick and easy to apply. I was contacted quickly and the process was effortless and seamless. Customer service was second to none. I will definately recomend Society One to anyone.”

Lisa M

“My whole experience from start to finish was seamless and I received fantastic customer service everytime i needed to call to ask a question. I highly recommend this company to anyone looking to simplify their finances.”

TracyH

SocietyOne Loan Grades

Interest Rate % p.a. (2-3 years)

Interest Rate % p.a. (5 years)

Establishment Fee

Comparison Rate % p.a. (2-3 years)²

Comparison Rate % p.a. (5 years)³

Tier 1

Interest Rate % p.a. (2-3 years)

7.50% – 9.99%

Interest Rate % p.a. (5 years)

8.40% – 10.89%

Establishment Fee

3.00% – 4.00%

Comparison Rate % p.a. (2-3 years)²

9.51% – 12.71%

Comparison Rate % p.a. (5 years)³

10.12% – 12.61%

Tier 2

Interest Rate % p.a. (2-3 years)

10.49% – 11.49%

Interest Rate % p.a. (5 years)

11.69% – 12.69%

Establishment Fee

4.25%

Comparison Rate % p.a. (2-3 years)²

13.38% – 14.40%

Comparison Rate % p.a. (5 years)³

13.53% – 14.55%

Tier 3

Interest Rate % p.a. (2-3 years)

12.29% – 13.79%

Interest Rate % p.a. (5 years)

13.79% – 15.29%

Establishment Fee

4.50%

Comparison Rate % p.a. (2-3 years)²

15.38% – 16.91%

Comparison Rate % p.a. (5 years)³

15.78% – 17.31%

Tier 4

Interest Rate % p.a. (2-3 years)

14.99% – 17.99%

Interest Rate % p.a. (5 years)

17.49% – 20.49%

Establishment Fee

5.00%

Comparison Rate % p.a. (2-3 years)²

18.48% – 21.54%

Comparison Rate % p.a. (5 years)³

19.78% – 22.38%

Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term.

Comparison Rate: 9.51%* + Monthly Repayment: $320.39 = Total Repayments: $11,534.20 (36 x $320.39)

Find out what your repayments could be with our repayment calculator.

The establishment fee is added to your loan; the amount is based on your SocietyOne loan grade and the loan amount. A $35 fee applies if you need to vary your loan.2 Based on a $10,000 unsecured personal loan for a 3 year term. 3 Based on a $30,000 unsecured personal loan for a 5 year term.

*SocietyOne rate is based on an unsecured personal loan of $10,000 over 3 years to a borrower with excellent credit (Tier 1 borrower). Tier 1 borrowers will receive an interest rate between 7.50% - 9.99% p.a. (comparison rate 9.51% - 12.71% p.a.) depending on investor demand. Higher Tier borrowers will receive higher interest rates. WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. Establishment fee applies.

See how much you could save with our repayment calculator

SocietyOne Loan Grades

Interest Rate % p.a. (2-3 years)

Interest Rate % p.a. (5 years)

Establishment Fee¹

Comparison Rate % p.a. (2-3 years)²

Comparison Rate % p.a. (5 years)³

Tier 1

Interest Rate % p.a. (2-3 years)

7.50% – 9.99%

Interest Rate % p.a. (5 years)

8.40% – 10.89%

Establishment Fee

3.00% – 4.00%

Comparison Rate % p.a. (2-3 years)²

9.51% – 12.71%

Comparison Rate % p.a. (5 years)³

10.12% – 12.61%

Tier 2

Interest Rate % p.a. (2-3 years)

10.49% – 11.49%

Interest Rate % p.a. (5 years)

11.69% – 12.69%

Establishment Fee

4.25%

Comparison Rate % p.a. (2-3 years)²

13.38% – 14.40%

Comparison Rate % p.a. (5 years)³

13.53% – 14.55%

Tier 3

Interest Rate % p.a. (2-3 years)

12.29% – 13.79%

Interest Rate % p.a. (5 years)

13.79% – 15.29%

Establishment Fee

4.50%

Comparison Rate % p.a. (2-3 years)²

15.38% – 16.91%

Comparison Rate % p.a. (5 years)³

15.78% – 17.31%

Tier 4

Interest Rate % p.a. (2-3 years)

14.99% – 17.99%

Interest Rate % p.a. (5 years)

17.49% – 20.49%

Establishment Fee

5.00%

Comparison Rate % p.a. (2-3 years)²

18.48% – 21.54%

Comparison Rate % p.a. (5 years)³

19.07% – 22.34%

Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term.

Comparison Rate: 9.51%* + Monthly Repayment: $320.39 = Total Repayments: $11,534.20 (36 x $320.39)

Find out what your repayments could be with our repayment calculator.

1. The establishment fee is added to your loan; the amount is based on your SocietyOne loan grade and the loan amount. 2. Based on a $10,000 unsecured personal loan for a 3 year term. 3. Based on a $30,000 unsecured personal loan for a 5 year term.

WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. Establishment fee applies.

SocietyOne Loan Grades

Interest Rate % p.a. (2-3 years)

Interest Rate % p.a. (5 years)

Establishment Fee¹

Comparison Rate % p.a. (2-3 years)²

Comparison Rate % p.a. (5 years)³

Tier 1

Interest Rate % p.a. (2-3 years)

7.50% – 9.99%

Interest Rate % p.a. (5 years)

8.40% – 10.89%

Establishment Fee

3.00% – 4.00%

Comparison Rate % p.a. (2-3 years)²

9.51% – 12.71%

Comparison Rate % p.a. (5 years)³

10.12% – 12.61%

Tier 2

Interest Rate % p.a. (2-3 years)

10.49% – 11.49%

Interest Rate % p.a. (5 years)

11.69% – 12.69%

Establishment Fee

4.25%

Comparison Rate % p.a. (2-3 years)²

13.38% – 14.40%

Comparison Rate % p.a. (5 years)³

13.53% – 14.55%

Tier 3

Interest Rate % p.a. (2-3 years)

12.29% – 13.79%

Interest Rate % p.a. (5 years)

13.79% – 15.29%

Establishment Fee

4.50%

Comparison Rate % p.a. (2-3 years)²

15.38% – 16.91%

Comparison Rate % p.a. (5 years)³

15.78% – 17.31%

Tier 4

Interest Rate % p.a. (2-3 years)

14.99% – 17.99%

Interest Rate % p.a. (5 years)

17.49% – 20.49%

Establishment Fee

5.00%

Comparison Rate % p.a. (2-3 years)²

18.48% – 21.54%

Comparison Rate % p.a. (5 years)³

19.07% – 22.34%

Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term.

Comparison Rate: 9.51%* + Monthly Repayment: $320.39 = Total Repayments: $11,534.20 (36 x $320.39)

+Are there any other fees and charges?

We charge a one-off establishment fee. This is included in your total loan amount. There are no monthly fees or early repayment fees. So you have the security of a fixed rate loan, with the flexibility to pay it off early.

+How do I make repayments?

Repayments can be made in either fortnightly or monthly instalments, by direct debit.

If you wish to make extra payments, please contact our customer service team on customer.service@societyone.com.au. There are no fees or penalties for making extra payments or paying off your loan early.

If you are experiencing financial hardship and are having difficulty repaying your loan please contact customer service on customer.service@societyone.com.au.

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

Yes, absolutely. SocietyOne encourages responsible borrowing and provides repayment flexibility. You can either pay out your loan early or make lump sum payments during the life of your loan with no extra fees or penalty. If you wish to pay off your loan completely then please contact us at customer.service@societyone.com.au so that we can give you an accurate settlement quote.

+Am I eligible to get a loan?

You are eligible for a SocietyOne personal loan if you:

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 history
Be using the loan mainly for personal use

+How do I make repayments?

+Can I repay my loan early? Can I make extra repayments?

+Are there any other fees and charges?

+ How are you different from "payday" lenders?

'Payday' lenders are generally lenders of last resort. In return for access to short-term credit (about 30 days) and loans that are typically of small nominal value, payday borrowers pay extremely high fees and interest rates.

SocietyOne is not a payday lender. We look for creditworthy, quality borrowers who typically have established relationships with major banks. Our loans range up to 60 months, from $5,000 to $50,000, which does not fit with the definition of a payday loan. We think quality borrowers with good track records are not getting the best rate they deserve.

+What’s the difference between a secured and an unsecured loan?

SocietyOne offers unsecured loans. That means that you don’t need to provide a deposit or security against the loan in case of default.

Secured loans require you to deposit something of value to the lending institution and this becomes the collateral or security until the loan has been repaid. Examples of collateral include your home, a car, investments or other assets that can be sold by the bank if the loan is unpaid. If the sale doesn't cover the full amount of the loan, you will have lost your asset and still owe money! Secured loans are often lower as they provide less risk to the lender.

At SocietyOne we can offer lower unsecured rates for customers with good credit as this also lowers risk for our investors.

+How much can I borrow, and for how long?

SocietyOne's unsecured personal loans range from $5,000 to $50,000 with flexible loan terms of 2, 3 or 5 years.

2012

August

We open for business as Australia's first marketplace lender

November

We’re voted "Best of Show" at Finovate Asia 2012 for our application technology

2013

January

Our loan book reaches $1 million

July

Our loan book doubles! We’re now at $2 million

October

We launch our pioneering secured livestock loans in partnership with Ray White Rural

2014

February

Westpac Group's Reinventure Fund invests $5 million as part of our Series A capital raising and becomes a major shareholder

March

Lending doubles again, reaching $4 million

December

We welcome Australian Capital Equity, Consolidated Press Holdings and News Corp Australia as shareholders after our successful Series B $20 million capital raising

2015

February

A great start as we pass $20 million in funded loans

July

We partner with Veda (now Equifax), to promote getcreditscore.com.au and offer credit scores for free

December

KPMG and H2 Ventures ‘Fintech 100 report’ names us as the 37th top financial technology company in the world

2016

March

Jason Yetton is appointed CEO, taking over from co-founder Matt Symons

April

We break through the $100 million barrier of loans funded, a record for an Australian marketplace lender

May

We raise a further $25 million in capital from existing and new shareholders, making a total of $55 million since early 2014

December

Total originations reach $200 million since our beginning, another record for lending

2017

May

We add some trophies to the cabinet winning Innovative Retail Banking Product of the Year at the Australian Retail Banking Awards and Excellence in P2P Lending at the inaugural FinTech Australia awards

August

We celebrate our fifth birthday since we started operating in 2012, having helped more than 13,000 customers with $325 million provided in loans by our investor funders.

October

A triple milestone for our third quarter of this year with $350 million in total lending since inception, a current loan book of $200 million and 2017 already beating 2016’s total for loans written.

2018

January

We raise $7.75 million in capital and pass $400 million in originations

June

We launch our new broker channel

July

We launch our own credit scorecard, improving our assessment of applications

September

We launch our first integrated marketing campaign ‘When it Happens’ and reached a record $500 million in originations

October

Our new and improved application form goes live, making applications faster and easier for customers.

2019

March

We reach $600 million in originations and launch whole loan funding for large investors. SocietyOne took home two awards, receiving the big award of the night Fintech Business Excellence Award (Company) and Lending Innovator of the Year.

April

We launch a unit trust for smooth investor returns.

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Personal loan calculator

Interest Rate From

Comparison Rate From

{{ model.frequency.name }} Repayments From

Monthly Fee

Repayment Frequency

Total Repayments

Including Interest and fees of

Testimonials

Don't just take our word for it

Don't just take our word for it

Personal Loans page testimonials

Don't just take our word for it

Rates

Check out our rates

Check out our rates

Rates table - Performance pages

Check out our rates

Headline Rates

Personal loans that reward good credit

RATES FROM

COMPARISON RATES FROM

Personal Loans Intro

Our Personal Loans

SocietyOne Intro

Australia's leading marketplace lender

Looking to borrow?

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Example Rates

Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term

Comparison Rate*

Monthly Repayment

Total Repayments

FAQ

Loan type page FAQ

Frequently Asked Questions

Performance page FAQ

Frequently Asked Questions

Personal Loan Category FAQ

Frequently Asked Questions

Get Quote/Apply Now

To qualify for a SocietyOne loan you must:

Contact Us

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Save, with rates from 7.5% p.a. (comparison rate 9.51% p.a.*)

To qualify for a SocietyOne loan you must:

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Save, with rates from 7.5% p.a.
(comparison rate 9.51% p.a.*)