There are 3 primary points of difference between these two personal loan types:
There are a number of advantages and disadvantage to taking out a personal loan, most of which will be relevant to your personal situation. Take some time to consider your reasons for taking out the loan and assess how the loan will benefit you in the long term. Check out the information below for some general personal loans pros and cons.
In order to apply for a loan, there are some personal documents you will need to share with your lender. Most financial institutions will have their own application criteria, but in general, you will need the following documentation to finalise your loan application.
If you’re applying for a car loan you will also need to provide:
• VIN or chassis number, engine number and registration plate details
• Car dealer information or the contact details of who sold you the car
• Tax invoice and receipt for the car or purchase price if a private sale
• Your CTP insurance and comprehensive insurance details
If you’re thinking of applying for a personal loan from SocietyOne, there are a few key criteria that you’ll need to meet to be eligible:
You may need to supply us with the following information and documents as part of your personal loan application:
You are eligible for a SocietyOne personal loan if you:
Get your rate now and get started.
SocietyOne's unsecured personal loans range from $5,000 to $50,000 with flexible loan terms of 2, 3 or 5 years.
Please contact customer service on customer.service@societyone.com.au and they will arrange for the I.T department to retrieve the answers for you.
Your interest rate doesn't change during the life of your loan. Your repayments are always the same, making it easier to budget.
Fixed rates from 6.99% p.a*
This takes into account the interest rate plus standard fees and charges, making it easier to understand the complete cost of the personal loan and compare products.
Comparison rates from 6.99% p.a*