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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 7.50%
from 8.40%
Comparison rate % p.a
from 9.51%
2
from 10.12%
3
Establishment fee
1
from 3.00%
from 3.00%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a great credit score - What is a credit score?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 10.49%
from 11.69%
Comparison rate % p.a
from 13.38%
2
from 13.53%
3
Establishment fee
1
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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 12.29%
from 13.79%
Comparison rate % p.a
from 15.38%
2
from 15.78%
3
Establishment fee
1
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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 14.99%
from 17.49%
Comparison rate % p.a
from 18.48%
2
from 19.78%
3
Establishment fee
1
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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 7.50%
from 8.40%
Comparison rate % p.a
from 9.51%
2
from 10.12%
3
Establishment fee
1
from 3.00%
from 3.00%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero
I have a great credit score
What is a credit score?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 10.49%
from 11.69%
Comparison rate % p.a
from 13.38%
2
from 13.53%
3
Establishment fee
1
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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 12.29%
from 13.79%
Comparison rate % p.a
from 15.38%
2
from 15.78%
3
Establishment fee
1
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?
2 - 3 year loan
5 year loan
Interest rate % p.a
from 14.99%
from 17.49%
Comparison rate % p.a
from 18.48%
2
from 19.78%
3
Establishment fee
1
5.00%
5.00%
Monthly fee
None
None
Early repayment fee
Zilch
Zilch
Other hidden fees
Zero
Zero

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
Amount
$35 per late payment
Payable
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
Amount
$15 per dishonour
Payable
Payable if SocietyOne is unable to process a direct debit from your account.