How it works

SocietyOne is an online lending marketplace connecting investors and borrowers, giving both a better deal.

What is marketplace lending?

We’re different from a bank. Funds for your loan come from dozens of people and companies who are backing your success. It’s called marketplace lending and it’s sweeping the globe. We keep our costs low and share the savings with borrowers and investors to offer a better deal to both. Borrowers get better rates. Investors get solid returns. It's that simple.

On top of that, the way we approach lending is fairer, rewarding customers who have good a credit profile with lower interest rates. We’re a home-grown company that’s proud to be the largest and leading marketplace lending business in Australia.

See our FAQs to find out more about credit ratings.

A better deal for everyone.

Happy People Consumer Loans
Happy People Debt Consolidation
Happy People on a Holiday
Happy People Home Renovation
Happy People a new Car
Happy People a Wedding
Happy People Education
Happy People Livestock Loans
Happy People Historical Pricing
Happy People Agri Lending
Happy People
Happy People Debt Free
Happy People Small Loans
Happy People Personal Loans

Better for Borrowers

If you have a good credit profile, we can help you save money by often offering a better rate than the big banks.

Borrowers can request a free, no obligation rate quote online from our homepage. Unlike making a loan application, getting a quote from us won’t impact your credit score.

Once the quote is accepted and a loan application is made, we carefully evaluate each application, listing applications that meet our credit criteria on our investor bidding platform, removing any personal information to protect borrowers' privacy.

Investors then bid online to fund the loan you have requested and we let you know in real time when your loan has been fully funded.

Get your rate

Better for Investors

Investors can set a mandate based on their objectives and risk appetite, with the choice of unsecured personal loans, including term and credit grade, as well as secured livestock loans. The SocietyOne investment platform allocates investors’ funds to fractions of loans, spreading the risk of the portfolio across many individual loans.

Each time borrowers make scheduled loan repayments, the money is transferred directly into the investor’s account. Investors can choose whether to reinvest or withdraw these funds once they have cleared.

We have been connecting investors with creditworthy borrowers since August, 2012.

Find out more

Get your loan in 3 easy steps


Get a quote

In just a few minutes we'll give you a no obligation, personalised rate quote based on your credit profile and a few other factors such as your loan application history and employment status. It's completely free and won't impact your credit score either.


Complete the application

If you're happy with the quote, we'll ask you a few more questions about you and your personal circumstances before you submit the application for approval with our credit team.


Accept the offer

If you're approved, we'll list your loan anonymously on our marketplace - and our investors will bid to fund your loan. You could have the funds in your account within 72 hours.

What’s next is totally up to you - Use your money to tackle expensive credit card debt, renovate the house or book your next getaway.

Common Questions & Answers

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 credit score.

How much can I borrow?

You can borrow between $5,000 and $50,000 for an unsecured personal loan. Loan terms are 2, 3 or 5 years.

Are there any fees or charges?

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

What is marketplace lending?

It's 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 detailed FAQs

Get a quote online, in minutes.

Getting a quote will not impact your credit score.