A personal loan is often used to consolidate debts into a single repayment or pay for expenses like holidays, weddings and cars that would be difficult to pay off within the interest free period on a credit card.
Unlike a mortgage, our personal loans are “unsecured” which means you don’t need to provide a deposit or collateral (like your home or car).
Unsecured loans are also paid off over a shorter period (2 – 5 years), so you can get to your goal of paying the debt off sooner.
$5,000 - $50,000
2, 3 or 5 year terms
Find out what your repayments could be with a SocietyOne personal loan
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.
Our interest rates are personalised for each customer and are determined based upon factors such as your credit score - the higher your score, the lower your rate.
We charge a one-off establishment fee that is included in your total loan amount. There are no monthly fees or early repayment fees. You can learn more about how our rates and fees work here.
Our personal loans range from $5,000 to $50,000 with flexible loan terms of 2, 3 or 5 years. We suggest borrowing an amount that best suits your situation, making sure you will be comfortable paying off each instalment.
We offer 2, 3 and 5 year loan terms. You also have the freedom to pay out your loan early in full or make additional lump sum payments during the life of your loan with no extra fees or penalties.
Repayments can be made in either fortnightly or monthly instalments by direct debit. Personal loan repayments are calculated depending on your choice of 2, 3 or 5 year loan terms, and whether you have chosen fortnightly or monthly repayments along with the interest rate you receive on approval of your loan.
Once you're approved the funds will be transferred to your bank account, usually within 24 hours.
"Responsible lending" is a concept in the finance industry, ensuring lenders only offer you a loan if it suits your needs and circumstances.Find out more
Consumer finance covers a multitude of different types of loans and products, so we thought we’d put together everything you may need to know to help you make your choice and make it happen for you.Find out more
So you can spend less time doing the maths and more time thinking about what you're going to use your loan for, we've provided this handy repayment calculator to help you figure it out.Find out more