Great rates for the term of your loan.

All SocietyOne loans are fixed rate, so your monthly repayments never increase.

Check Out Our Great Rates

I have an excellent credit score - What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 6.99%
from 7.99%
Comparison rate % p.a
from 6.99%
from 7.99%
from 0%
from 0%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a very good credit score - What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 9.99%
from 11.19%
Comparison rate % p.a
from 12.87%
from 12.63%
4.25%
4.25%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a good credit score - What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 11.99%
from 13.49%
Comparison rate % p.a
from 15.08%
from 14.96%
4.50%
4.50%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have an average credit score - What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 14.99%
from 17.49%
Comparison rate % p.a
from 18.48%
from 19.02%
Establishment fee
$395 min - $995 max. fee
5.00%
5.00%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero

Check Out Our Great Rates

I have an excellent credit score
What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 6.99%
from 7.99%
Comparison rate % p.a
from 6.99%
from 7.99%
Establishment fee*
$0 min. fee - $995 max fee
from 0%
from 0%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a very good credit score
What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 9.99%
from 11.19%
Comparison rate % p.a
from 12.87%
from 12.63%
4.25%
4.25%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a good credit score
What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 11.99%
from 13.49%
Comparison rate % p.a
from 15.08%
from 14.96%
4.50%
4.50%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have an average credit score
What is a credit score?
Loan Term
2 - 3 year
5 year
Interest rate % p.a
from 14.99%
from 17.49%
Comparison rate % p.a
from 18.48%
from 19.02%
5.00%
5.00%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
View Fine Print

See how we compare to the big banks

Looking for a low rate loan with no ongoing fees? See how our comparison and interest rates measure up to Commonwealth Bank, Westpac, ANZ and NAB.
  • SocietyOne

    from

    rate

  • Westpac

    rate

  • ANZ

    rate

  • CBA

    from

    rate

  • NAB

    from

    rate

Rates as of 10/09/2020

View the fine print

How are interest rates set?

When you apply for a loan through SocietyOne, your loan offer is assigned a grade between Tier 1 and Tier 4 with a corresponding interest rate range (see table above) and the fee for establishing your loan.

The loan grade is based on a variety of factors, such as your credit history, credit score, employment status, cash flow and loan amount requested. The better the SocietyOne loan grade, the lower the interest rate and fee.

Once your application is approved, your loan will be placed in our marketplace and matched with our investors who provide the funding.

What's a comparison rate?

Comparison rates help you work out the true cost of your loan by factoring in fees and charges. They combine the interest rate and all the known fees and charges that you’ll need to pay during the life of a loan into a single percentage figure.

They’re calculated on a number of factors including the loan amount, term, frequency of repayment, interest rate and fees and charges. You can compare the comparison rate for a loan to the advertised rate for that loan to see if there are any "hidden" fees or charges.

You can compare comparison rates for different loans to see which loan will cost more. Bear in mind - the comparison rate doesn’t include fees and charges that are based on some future event that might not happen, e.g. if you vary the loan or fail to pay.

Default Fees

Default fees apply if your repayment is late or we need to take action to recover the loan.

Fee
Amount
Payable
Late/overdue payment fee
$35 per late payment
If SocietyOne is unable to process a direct debit from your account and the payment remains outstanding, this fee is payable on each of 5, 14, 21 and 30 days after the payment date.
Direct Debit Dishonour Fee
$15 per dishonour
Payable if SocietyOne is unable to process a direct debit from your account.

The Fine Print

Information about SocietyOne borrowing rates
Tier 1 borrowers will receive an interest rate between 6.99% - 10.49% p.a. (comparison rate 6.99% - 12.21% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.87% - 13.89% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 15.08% - 16.61% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 20.49% p.a. (comparison rate 18.48% - 22.06% p.a.). 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 11.69% p.a.) and a $400 establishment fee, the fortnightly repayment would be $152 and the total cost over the life of the loan (including the establishment fee) would be $11,883.

Information about establishment fees
An establishment fee is added to your loan, based on your SocietyOne loan grade and the loan amount. The minimum establishment fee for most borrowers is $300 (except some Tier 1 borrowers who will have a $0 establishment fee) and the maximum fee is $995.

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 below for more information about SocietyOne borrowing rates.  The comparison table does not take into account short term bank promotional rates.

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.