Personal Loans

Personalised interest rates that reward your good credit history. It’s a fairer way to borrow.

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What is a personal loan?

A personal loan is a smaller loan than a mortgage and are often used to consolidate debts into a single repayment or pay for large expenses like holidays, weddings and cars.

Unlike a mortgage, our personal loans are “unsecured” which means borrowers 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).

Our personal loan features

  • check mark iconPersonalised interest rate based on your credit history.
  • check mark iconBorrow from $5,000 — $50,000.
  • check mark iconA range of borrowing terms (2, 3 or 5 years).
  • check mark iconYour choice of fortnightly or monthly repayments.
  • check mark iconNo ongoing charges. Just one setup fee. That’s it.

We're currently offering great low interest rates from:

7.50%

p.a.

9.51%

p.a.
Comparison rate*

*Comparison based on a SocietyOne Tier 1 unsecured personal loan of $10,000 over 3 years.  SocietyOne Tier 1 borrowers will receive an interest rate between 7.50% - 10.55% (comparison rate 9.51% - 13.28% p.a.) depending on investor demand. 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.

Am I eligible?

To qualify for a SocietyOne loan you must:

  • check mark iconBe at least 21 yrs old
  • check mark iconEarn more than $30,000 p.a. from employment
  • check mark iconBe an Australian citizen or permanent resident
  • check mark iconHave at least 2 years credit history
  • check mark iconHave never been bankrupt
  • check mark iconBe using the loan for personal use only (not for business use)

Make it happen.


Whether you want to consolidate debt, buy a car or go on a holiday, SocietyOne can help make it happen.

How it works


Simple, fast and secure: borrowing with us is done in 3 easy steps.

1

Get a free online quote.

No obligation. No impact on your credit score. And it only takes 3 minutes.

2

Apply and proceed.

Investors bid to fund your loan in our loan marketplace, which helps you get the best rate.

3

Go. Make it happen.

Receive the funds within 72 hours of accepting an investor’s bid.

girl with phone in hand

Our rates


We never charge any monthly or early repayment fees. Loans available for a minimum term of 2 years and a maximum term of 5 years.

SocietyOne Loan
Grades
Interest Rate
% p.a. (2-3 years)
Interest Rate
% p.a. (5 years)
Establishment
Fee
Comparison Rate
% p.a. (2-3 years)2
Comparison Rate
% p.a. (5 years)3
Tier 17.50% - 10.55%8.35% - 11.40%3.00% - 4.00%9.51% - 13.28%9.61% - 13.13%
Tier 210.55% - 11.50%11.50% - 12.45%4.25%13.44% - 14.41%13.34% - 14.31%
Tier 311.50% - 13.96%12.55% - 15.01%4.50%14.58% - 17.09%14.52% - 17.02%
Tier 413.96% - 18.99%15.11% - 20.14%5.00%17.43% - 22.57%17.35% - 22.49%

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.


Example based on a SocietyOne Tier 1 loan for $10,000 with a 3 year term.


Comparison Rate*

9.51%

Monthly Repayment

$320.39

Total Repayments

36 x $320.39 = $11,534.20

*Comparison based on a SocietyOne Tier 1 unsecured personal loan of $10,000 over 3 years.  SocietyOne Tier 1 borrowers will receive an interest rate between 7.50% - 10.55% (comparison rate 9.51% - 13.28% p.a.) depending on investor demand. 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.

Get a quote online, in minutes.

Getting a quote will not impact your credit score.