Invest In People

Consumer lending is an asset class that has been traditionally controlled by the banks and is amongst the most profitable parts of their retail lending operations.

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Invest in People

SocietyOne Personal Loans Unit Trust

Our Personal Loans Unit Trust gives wholesale investors the opportunity to earn a target return (net of fees and costs but before tax) of 4-7% p.a. from a portfolio of prime fixed rate personal loans originated by SocietyOne. Interest is credited monthly.

Our creditworthy customers are digitally savvy. Our simple application process and competitive pricing are key to our success in driving consistent loan origination growth. Through our diligent management of loans we can maximise returns to investors.

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Proven Asset Class

We target bank grade prime borrowers with the individual interest rate determined by their personal circumstances. Our customers borrow an average of $20,000 per loan, based on loan terms of 2, 3 or 5 years.

Liquidity

Whilst we recommend investors treat their investment in a personal loan portfolio with a 3-5 year time horizon, the trust will offer liquidity (subject to certain conditions) for investors who hold their investments beyond 12 months.

Managed for return smoothing

The target return (net of fees and costs but before tax) for the loan portfolio is 4-7% p.a.
The Trust structure includes a reserve fund to smooth returns during periods of volatility as the loan portfolio grows and the default and arrears profile matures. The reserve fund mechanism also allows investors to earn higher returns should the Trust outperform the target return.

Key Facts

Trustee

SocietyOne Australia Pty Ltd (ABN 44 151 627 977) as an authorised representative of its related entity SocietyOne Management Pty Limited which holds an Australian Financial Services Licence (No. 477365). SocietyOne Australia Pty Ltd also holds an Australian Credit Licence (No 423660)

Reserve Manager

SocietyOne Investments Pty Ltd (ABN 89 613 666 765)

Asset Class

Alternative fixed income

Target Investment Return

4-7% per annum, after fees, costs and losses but before taxes

Base Fee and Expenses

A 2.25% p.a. receivables management fee including for loan origination and servicing.
Expenses will be recovered from the Trust at cost

Reserve Level

The Trust is designed to offer Investors in the Trust a stable and consistent income stream. To achieve this, returns above a monthly crediting rate are paid into a Reserve Account and these may be rebated to the Trust during later periods to help maintain a consistent return.

Recommended Investment Timeframe

A medium to long term investment of 3 to 5 years

Offering Document

Information Memorandum

Investor Class

Wholesale investors as defined in the Corporations Act

Minimum Application

$100,000

Applications

Monthly allotment of Units

Distribution

Monthly return of interest from the loan investments (and reinvestment of loan principal)

Redemptions

Quarterly with one month to process (following a 12 month initial investment period), subject to available liquidity

Unit Pricing

Value of $1.00 at issuance; thereafter targeted value of $1.00 with a monthly valuation date

Download Summary (PDF)

Thank you for your interest. One of our investor services team members will be in contact with you shortly.

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Frequently Asked Questions

How do I apply to invest?

Register your interest in investing at our registration page. After a quick identity check, we'll provide you with a link to an application form to complete and the Information Memorandum.

During the application process, we’ll ask you to upload a wholesale investor certificate from your accountant and a copy of a statement for the bank account to which you direct us to pay distributions.

On receipt of the forms, we'll provide you with direct deposit details so you can fund your investment.

Who can invest?

Currently only wholesale clients can invest through SocietyOne. Find out more about wholesale clients. Please note that wholesale clients includes individuals who meet the requirement. Over 90% of current investors on the SocietyOne platform are individuals/SMSFs.

Do I invest directly in loans?

For personal loans, investors own units in the Trust and the Trust invests in loans which are approved in accordance with our credit assessment criteria. Investors have no direct interest (legal or beneficial) in the individual loans.

For livestock loans you receive an equitable interest in the loan which entitles you to receive the interest and capital repayments for the proportion of the loan you have funded. More detailed investor information on our personal and livestock loan products can be found here.

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‍Information about SocietyOne borrowing rates
The rate advertised above is a comparison rate. See below for further information about comparison rates. Tier 1 borrowers will receive an interest rate between 5.95% - 10.45% p.a. (comparison rate 5.95% - 12.83% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.05% - 15.03% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 14.37% - 17.59% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 19.99% p.a. (comparison rate 18.41% - 21.70% p.a.). Maximum interest rate is 19.99% p.a. (comparison rate 21.56% p.a.). An establishment fee applies for most borrowers. Loan example: for a borrower with excellent credit (Tier 1 borrower), a loan of $10,000 over a 3 year term, with an interest rate of 8.99% p.a. (comparison rate 12.32% p.a.) and a $495 establishment fee, the fortnightly repayment would be $154 and the total cost over the life of the loan (including the establishment fee) would be $12,013. SocietyOne personal loans are available for terms of 2, 3 and 5 years.

Information about comparison rates
Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The SocietyOne comparison rate is based on an unsecured fixed rate personal loan of $10,000 over 3 years. WARNING: 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.

Information about bank comparison table
All rates in the bank comparison table are based on an unsecured fixed rate personal loan of $10,000 over 3 years. The SocietyOne rate is the lowest available rate for a borrower with excellent credit (Tier 1 borrower). See above for more information about SocietyOne borrowing rates. The comparison table does not take into account short term bank promotional rates.

Canstar 5-star Rating was awarded on 7th of November 2019 for the Unsecured Loan – Excellent Credit Product for the Unsecured Personal Loan profile.

SocietyOne Australia Pty Limited ACN 151 627 977 holds Australian credit licence no. 423660. Credit is subject to SocietyOne’s standard terms and conditions and lending criteria. Credit scores provided by SocietyOne Services Pty Ltd ACN 609 495 409.