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 within a few days

Apply now and get started.

Get a quote today.

Are you looking to invest? Click here to learn how