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
Have this handy to make the application faster
You can choose a loan term of 2, 3 and 5 years with repayments made fortnightly or monthly.
Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term.
Interest Rate: 7.5% - Comparison Rate: 9.51%* + Establishment Fee: 4%
+ Monthly Repayment : $320.39 = Total Loan Cost (including fees)
: $11,534.20 (36 x $320.39)
Find out what your repayments could be with our repayment calculator.
You are eligible for a SocietyOne personal loan if you are:
- At least 21 yrs old
- Earn more than $30,000 p.a. from employment (Centrelink may be used as supplementary income)
- Are an Australian citizen or permanent resident
- Have good credit
- Are using the personal loan mainly for personal use
Our low 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. You can get a personalised loan rate here in as little as 1 minute. Don't fret, getting a rate won't affect your credit score!
We charge a one-off establishment fee. This is included in your total loan amount. There are no monthly fees or early repayment fees. So you have the security of a fixed rate loan, with the flexibility to pay it off early. Learn more about our competitive loan rates.
We offer 2, 3 and 5 year loan terms. Think you may want to pay your loan off early? No worries! SocietyOne encourages responsible borrowing and provides repayment flexibility. You can either pay out your loan early or make lump sum payments during the life of your loan with no extra fees or penalty.
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.
SocietyOne's unsecured 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. You can use our handy loan calculator to find out exactly what your repayment amounts will be based on how much you wish to borrow.
Our flexible loan type means that you can use the funds however you wish. Once you're approved the funds will be transferred to your bank account, usually within 24 hours! You'll be able to consolidate debt, book a holiday, renovate your home, buy a car or purchase the prize winning llama you've always wanted in no time! Marty used his loan to help him achieve his dreams of competing at the Oceania athletic championships.
"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