Great rates for the term of your loan.

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

We're currently offering great low interest rates from:




(comparison rate*)

*SocietyOne rate is based on an unsecured personal loan of $10,000 over 3 years to a borrower with excellent credit (Tier 1 borrower). Tier 1 borrowers will receive an interest rate between 7.50% - 9.99% (comparison rate 9.51% - 12.71% p.a.) depending on investor demand. Higher Tier borrowers will receive higher interest rates. Comparison does not take into account short term bank promotional rates. WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate. Establishment fee applies.

Our Rates

At SocietyOne we keep our loans simple. There's a one off establishment fee, no monthly fees or early repayment fees.

SocietyOne Loan GradesInterest Rate % p.a.
2-3 years
Interest Rate % p.a.
5 years
Establishment FeeMonthly FeeComparison Rate % p.a.
2-3 years 2
Comparison Rate % p.a.
5 years 3
Tier 17.50% - 9.99%8.10% - 10.59%3.00% - 4.00%$09.51% - 12.71%9.36% - 12.31%
Tier 210.49% - 11.49%11.39% - 12.39%4.25%$013.38% - 14.40%13.23% - 14.25%
Tier 311.99% - 13.79%13.19% - 14.99%4.50%$015.08% - 16.91%15.17% - 17.00%
Tier 414.99% - 18.19%16.79% - 19.99%5.00%$018.48% - 21.75%19.07% - 22.34%
The establishment fee is added to your loan; the amount is based on your SocietyOne loan grade and the loan amount. A $35 fee applies if you need to vary your loan.

2 Based on a $10,000 unsecured personal loan for a 3 year term
3 Based on a $30,000 unsecured personal loan for a 5 year term

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result different comparison rates.

How are our interest rates set?

When you apply for a loan through SocietyOne, your loan offer is assigned a grade between AA and D 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 auctioned in our marketplace. Our investors will compete to offer you the lowest rate within the interest rate range for your specific loan grade. If investor demand for your loan is high, the final rate you are offered could be lower than you expect!

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 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.

Late/overdue payment Fee$35 per late paymentIf 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 dishonourPayable if SocietyOne is unable to process a direct debit from your account.
Enforcement ExpensesIf you fail to repay your loan, you will be liable to pay all expenses reasonably incurred by SocietyOne in enforcing or preserving its rights under the loan.

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