Personal Loans Australia

Get a great low rate on a personal loan.

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Get what you need

Borrow what you need between $5k and $50k

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Super quick

Get a personalised rate in as little as 2 minutes

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No ongoing fees

No monthly or early repayment fees

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Credit score safe

Getting a quote won’t affect your credit score

Details about personal loans in Australia

A personal loan is a lump sum payment of between $2,000 to $100,000 that is repaid over a term of up to seven years. The loan amount and repayment options are then agreed upon by you and the lender. A personal loan can be secured or unsecured, and used for a variety of purposes, from buying a new car to buying your first home.

Get a great rate!

Find out what your repayments could be 
with our SocietyOne personal loan calculator
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View the Fine Print

As easy as

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Getting a Personal Loan with SocietyOne is quick and easy
Simply provide us with some basic personal details, tell us how much you’d like to borrow and what you plan to use the loan for to receive an obligation free rate estimate in as little as 2 minutes.



If you’re happy with your quote, you can continue to apply for a loan online. Filling in the application will only take around 5 minutes all up.



We’ll review your credit history, income and expenses. We know that time is of the essence, so once your loan application has been approved, you’ll find your funds quickly deposited into your bank account.

1

Get your rate

In as little as 2 minutes we’ll give you a rate 
based on your credit history.
Simply provide us with some basic personal details, tell us how much you’d like to borrow and what you plan to use the loan for to receive an obligation free rate estimate in as little as 2 minutes.

2

Apply online

It only takes 5 minutes!
If you’re happy with your quote, you can continue to apply for a loan online in minutes. We’ll review the information you’ve provided and get back to you with a response

3

Get your funds

Once approved, we'll have the funds in your account in as little as one business day!
We’ll review your credit history, income and expenses. We know that time is of the essence, so once your loan application has been approved, you’ll find your funds quickly deposited into your bank account.

Find out your personalised rate!

Get a Quote

Don't just take our word for it...

4.9 Google  4.8 ProductReview
“Pretty happy with the service, easy to talk to someone and very happy with my loan. Save a fair bit by consolidating my loans.”
“Company is efficient and quick with regard to their service. Will definitely refer to family and friends. Don’t make the clients wait on the phone unlike other companies. More power.”
“Customer service has been fantastic very efficient. The loan rate is reasonable & has helped at an important time.The paperwork is so simple you can do it from your phone.”
“I found it was a very easy way to apply for a loan to pay off my credit card and personal loan I had with amazing interest rates I wish I had found them years ago I would have saved thousands not just a few hundred.”
Best customer service with a very great rate. I found the whole process very easy, and was pleasantly surprised with the interest rate I was offered. Overall I would not hesitate in recommending society one.”

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.

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Rates as of 10/09/2020

View the fine print

Key factors to consider before applying for a personal loan in Australia

Before you take out a personal loan it’s important to consider your reasons for needing the loan. Perhaps you are making renovations to your current home, buying a new home or consolidating your debts to manage your monthly outgoings.

  • How much are you looking to borrow? If you’re looking to borrow a smaller amount under $2,000 you might want to consider an overdraft or a short term loan rather than a personal loan.
  • Do you have a bad credit rating? When applying for a loan your lender will perform a credit check on you before taking your application further. A bad credit score can mean high risk, which can mean higher interest on your loan, so if you know you have a bad credit score you may be better off looking at loans from short term lenders. Use our Repayment Calculator to get a better idea of your rate in seconds!
  • Do you have any equity you can use as security? Secured loans offer lower interest rates, as they are lower risk. If you have assets you can use as security you can benefit from a lower rate overall with a secured loan.
  • Do you need one lump sum, or will you need more funds during the loan term? If you need to access funds more than once over a longer period you may want to choose a personal line of credit or overdraft.

Got two minutes to spare?

Get My Rate

Who can get a personal loan in Australia?

SocietyOne have a few criteria that you'll need to meet to be eligible for a personal loan in Australia, it's best to see whether you can tick all of these boxes before you apply!

You need to be at least 21 years of age
Be an Australian citizen or a permanent resident of Australia
You must earn more than $30,000 per annum, with Centrelink considered to be a supplementary form of income
It’s important that you have a good credit score

What you'll need


You may need to supply us with the following 
information and documents as part of your personal 
loan application:
Your personal details – name, address, date of birth
A driver’s licence or passport
Proof of your address - for example, a utility bill
Proof of your income in the form of payslips or bank statements
Details about your day-to-day expenses, and any other debts

Frequently Asked Questions

Things to consider for personal loans in Australia

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Got more questions? Head to our frequently asked questions page for more answers.

Resources & Guides

Useful documents & tools to help guide your way

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 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 personal loan calculator
The personal loan calculator provides an estimate of repayment amounts and is not a quote or an offer to provide credit.  Actual repayment amounts may be higher or lower depending on the interest rate assigned to your loan.  See above for more information about SocietyOne borrowing rates.  The comparison rate for 2 year and 3 year loans is based on a loan amount of $10,000 and for 5 year loans, the comparison rate is based on a loan amount of $30,000.  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 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 above for more information about SocietyOne borrowing rates.  The comparison table does not take into account short term bank promotional rates.

Canstar 5-star Rating was awarded on 7th of November 2019 for the Unsecured Loan – Excellent Credit Product for the Unsecured Personal Loan profile.

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.