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Personal Car Loans

Comparison rates from as low as 4.95% p.a.*
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Get your dream car

Choose our secured loan option to borrow up to $70,000.

Quick & easy

Get an interest rate quote in as little as 2 minutes.

No ongoing fees

Never pay any monthly or early repayment fees.

Credit score safe

Getting a quote won’t impact your credit score.

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Getting a Car Loan with SocietyOne is quick and easy.
Please enter an amount between $5,000 and $70,000
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You're in the driver's seat...

Get that new car feeling with a great deal on a secured or unsecured car loan for your next new or used car purchase.
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Build the loan that best works for you

  • Choose between secured or unsecured loan options
  • No balloon payments unlike traditional car finance
  • You can borrow more than the car is worth, so you can add for car improvements, registration fees or even consolidate debts at the same time
  • You can borrow for that vehicle that is a little different, is too old or does not qualify for a traditional car loan or secured personal loan... perfect for a collectors car!
  • Can be used for a new or used car
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Your car might have extras, but our car loans don’t

  • Borrow $5,000 to $50,000 with our unsecured personal car loans or up to $70,000 with our secured loan option
  • You can choose loan terms of 2, 3, 5 with an unsecured loan or up to 7 years with our secured option
  • No monthly fees 
  • No early repayment fees
  • No hidden fees 
  • Fixed interest rates, so you always know much your loan repayments are 
  • The flexibility to choose the repayment frequency that suits you with fortnightly or monthly repayments
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How it works

Getting a personal loan with SocietyOne is quick and easy.

Get Your Rate

In as little as 2 minutes we’ll give you a rate based on your credit profile.

Apply Online

It only takes 5 minutes for most people to complete their online application.

Get Your Funds

Once approved, we’ll have the funds in as little as 1 business day.
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How our rates compare

See how our unsecured personal loan rates measure up to the big 4, Commonwealth Bank, Westpac, ANZ and NAB.
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Rates as of 03/05/2021. Excludes short term bank promotions.
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Personal car loans made easy

You’re in control

You get to choose the repayment frequency and loan term that suits you! Select from fortnightly or monthly repayments.

Get the money, fast

We know you’re in a hurry to get your new wheels! If your car loan is approved, you could have the funds within 1 business day!

Pay it off sooner

We don’t charge any penalties for paying off your personal loan early, so you have the option to pay a little extra off when you can!
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The right loan for you

With great rates, flexible loan terms and repayment options, plus no monthly or early repayment fees you’ll have no trouble finding a loan to suit you.

Wondering about the difference between secured and unsecured is? In our helpful guide we get into the nitty gritty about both of these loan types to help you understand more and make it easier to choose the loan type that’s best for you.
Loan details
Secured loans
Unsecured loans
Interest rates
From 4.95% p.a
From 5.95% p.a.
Comparison rates
From 4.95% p.a.*
From 5.95% p.a.*
Amount you can borrow
$5,000 to $70,000
$5,000 to $50,000
Loan terms
2, 3, 5 or 7 years
2, 3, or 5 years
Repayment frequency
Fortnightly or monthly
Fortnightly or monthly
Asset security
Yes, you will need to provide an eligible asset as security
No security required 
Monthly fees
Early repayment fees
Hidden fees

Award winning personal loans

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Frequently Asked Questions

Things to consider before getting a personal car loan.

Who can apply for a secured or unsecured personal loan?

The first thing you should do is check your eligibility with the lender. If you’re looking to apply for a personal loan with SocietyOne, you’ll need to ensure you meet our lending criteria below: 

  • You need to be at least 18 years of age
  • Be an Australian citizen or a permanent resident of Australia
  • You must earn more than $30,000 per annum
  • It’s important that you have a good credit history.

If you’re applying for a secured personal loan, you will need to have an asset to pledge as security. At SocietyOne, your asset will need to meet a minimum value, depending on the amount you wish to borrow. Acceptable assets include: 

  • Vehicles (passenger and light commercial vehicles) 
  • Motorbikes
  • Caravans
  • Marine (boats and personal watercrafts). 

We do not accept heavy commercial vehicles. 

You will need to provide asset details, proof of ownership or purchase invoice, and insurance as part of the verification process.

What is a secured car loan?

A secured car loan is one in which the purchased vehicle serves as security for the loan. If a borrower defaults on a loan, the lender has the right to repossess and sell the vehicle. The proceeds of the sale are used to pay the remaining debt.

What will I need to get a personal loan?

To get a personal car loan, you may need to supply us with the following information and documents as part of your 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

If you’re applying for a secured personal loan, you’ll also need to provide asset details as part of the verification process. 

The documents we require depend on your ownership of the vehicle but it will help to have these things handy:

  • Registration certificate 
  • Proof of insurance
  • Invoice or proof of private sale, if you are purchasing a vehicle

Do we offer balloon payments?

Currently we do not offer balloon payments. Some car loans allow you to make a 'balloon payment' (also known as a residual payment), which means you pay a portion of the loan in regular instalments and the rest in one big sum. Your monthly repayments will most likely be lower but because you'll have to repay the lump payment plus interest, the total cost of the car loan is likely to be higher.

What is the process of applying for a personal car loan?

Applying for a SocietyOne loan is simple. 

  • Get your rate: In as little as 1 minute we'll give you an interest rate and comparison rate based on your credit profile
  • Apply online: Most people finish their application within 5 minutes (and it's easier to do if you're enjoying your morning coffee)
  • Get paid: Once approved, we'll have the loan funds in your account in as little as 1 business day.‍

Have some more questions?

Our support team is here to help.
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Don't just take our word for it...

"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
Mar 2021
“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.”
Google Review
Nov 2020
“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.”
Google Review
Nov 2020
“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.”
Google Review
Nov 2020
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
March 2021
"Such an easy process to apply for my personal loan. From the start of the application to when the funds were in my bank was only a matter of a few days. Great service, would highly recommend”
Product Review
February 2021
“Cant speak highly enough of society one. They approached our application with reasonable thought and actually took notice of affordability not just debits from accounts. Nothing seems to be too much problem with this company. Highly recommend.”
March 2021
“Very speedy service fantastic people to deal with. Highly recommend society one for a personal loan. I am very impressed with them and will use them again if need be in the future”
Product Review
February 2021
“Society one is a refreshing new way of doing banking. From my application through to draw down the process was streamlined and timely, as advertised. No hesitation in recommending their services.”
March 2021
"Application process was simple and straight to the point. You are able to see your rate, prior to applying and this does not affect your credit score. Customer Service was excellent, response times are quick and rates are in line with the BIG 4 banks."
Product Review
February 2021