Application & Approval Process

Frequently Asked Questions

Application & Approval Process

Who can apply for a SocietyOne personal loan?

You are eligible for a SocietyOne personal loan if you:

  • You are an Australian citizen or permanent resident
  • You are at least 21 years old
  • Earn more than $30,000 p.a. from employment (Centerlink may be used as supplementary income)
  • You are able to afford the loan
  • Have at least 18 months credit history (ideally)
  • You are not in Hardship with any other financial provider
  • Have never been bankrupt
  • Be using the loan mainly for personal use

What is the process? How do I apply and when I will receive my loan?

  1. Get a Quote – 3 minutes: Get a personalised rate estimate based on your credit history – which won’t impact your credit score!
  2. Apply – 5 minutes: Complete our easy online application.
  3. Decision – within 48 hours: We’ll assess your application and let you know the outcome.
  4. Matching – within 24 hours: We’ll match you with the right investors to fund your loan and get back to you with an offer.
  5. If approved accept and get your money by the next business day

Apply now and get started.

Get a quote today.

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