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Personal loans
‍for cars

Comparison rates from as low as 5.95% p.a.*
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Get what you need

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

Quick & easy

Get a personalised rate in as little as 2 minutes

No ongoing fees

Never pay any monthly or early repayment fees

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Getting a quote won’t affect your credit score

Easily calculate your rate

Getting a Personal Loan with SocietyOne is quick and easy.
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Personal Loans

Car Loans The Reward Good Credit

Get that new car feeling with a SocietyOne personal loan for your next car purchase, plus:
‍
• You don’t need to use the car as security on the loan
‍
• 2, 3 or 5 year terms mean you could pay less interest than a loan over a longer term.
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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 history

Apply Online

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

Get Your Funds

Once approved, we’ll have the funds in as little as 1 business day
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How we compare with personal loans

See how our comparison and interest rates measure up to Commonwealth Bank, Westpac, ANZ and NAB.
Comparison Rates
Interest Rates
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Westpac
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ANZ
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CBA
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Get My Rate
Rates as of 03/05/2021. Excludes short term bank promotions.
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Personal loans made easy

Consolidate your debts

Consolidate debts into a single repayment or pay for expenses like a  wedding that would be difficult to pay off with a credit card.

No deposit required

Unlike a mortgage, our personal loans can be “unsecured” which means you don’t need to provide a deposit or collateral (like your home or car).

Pay it off sooner

We don’t charge any penalties for paying your loan off sooner so you have the option to pay a little extra off when you can!
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Why get a personal loan?

Consolidate your debts

If you want to significantly reduce the amount of interest you incur over the lifetime of multiple debts, or you’re struggling to manage several debt repayments at once, debt consolidation may be a good option for you.
‍
Not only does budgeting become easier when you only have to keep track of one regular payment, but it could also save you money thanks to our great low rates. And with SocietyOne there are no early repayment fees, you can pay off your debt faster and without penalty.
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Renovate your home

Whether you’re planning to extend your family home, are getting your house ready to put on the market or are wanting to spruce up an existing bathroom or living space, a SocietyOne home improvement loan can be a great way to fund your home renovation.

You can avoid adding to your mortgage and incurring additional interest over 10, 15 or 25 years, and with our great low rates and no early repayment fees, you could save on fees too.
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Plan a holiday

Avoid missing out on all the best travel deals by using a SocietyOne personal loan to fund your next holiday.

Secure your flights, accommodation and other big-ticket holiday expenses early and save with our great low rates.

Pay off your loan easily with one regular payment and enjoy the great benefits of no monthly or early repayment fees.
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Buy a car

Get that new car feeling with a SocietyOne personal loan for your next car purchase, plus:
‍
• You don’t need to use the car as security on the loan
‍
• 2, 3 or 5 year terms mean you could pay less interest than a loan over a longer term.
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Pay for your wedding

Pay for the big expenses like venue, catering, the dress and even the honeymoon and begin paying them off before the wedding day, plus:
‍
• Budgeting is easier with one regular payment
‍
• Our great low rates mean you could save money on fees and interest
‍
• No monthly or early repayment fees mean you could pay your debt off sooner!
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Pay for your education

Using a SocietyOne personal loan for school or higher education fees gets an A+
‍
• No early repayment fees means you can pay the loan off sooner without a termination fee
‍
• Our great low rates mean you could save money on fees and interest
‍
• They’re unsecured so you can include the expense of uniforms, books and other study material
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Have some more questions?

Our support team is here to help.

Resource Centre

Blog
Guides
Six considerations for financing your new wheels
Car Loans
Mar 14, 2019

Six considerations for financing your new wheels

Read Article
How to Future-proof your Next Vehicle Purchase
Car Loans
Feb 26, 2020

How to Future-proof your Next Vehicle Purchase

Read Article
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Debt Consolidation Guide
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Budgeting Guide
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Tax Time Guide

Frequently Asked Questions

Things to Consider Before Getting a Personal Loan

Eligibility criteria for personal loans

If you’re thinking of applying for a personal loan from SocietyOne, there are a few key criteria that you’ll need 
to meet to be eligible:

  • 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 will I need to get a personal loan?

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

Who can apply for a SocietyOne personal loan?

You are eligible for a SocietyOne personal loan if you:

  • Be at least 21 yrs old
  • Earn more than $30,000 p.a. from employment (Centrelink may be used as supplementary income)
  • Be an Australian citizen or permanent resident
  • Have good credit
  • Be using the loan mainly for personal use

What is the process?

  1. Get your rate: In as little as 1 minute we'll give you a rate based on your credit history
  2. Apply online: Most people finish their application within 5 minutes (and it's easier to do if you're enjoying your morning coffee)
  3. Get paid: Once approved, we'll have the funds in your account in a few days‍

Get your rate now and get started.

How much can I borrow, and for how long?

SocietyOne's unsecured personal loans range from $5,000 to $50,000 with flexible loan terms of 2, 3 or 5 years.

I've forgotten my password

Please contact customer service on customer.service@societyone.com.au and they will arrange for the I.T department to retrieve the answers for you.

What are the interest rates?

Fixed interest rate

‍Your interest rate doesn't change during the life of your loan. Your repayments are always the same, making it easier to budget.

Fixed rates from 6.99% p.a*

‍

Comparison rate

This takes into account the interest rate plus standard fees and charges, making it easier to understand the complete cost of the personal loan and compare products.

Comparison rates from 6.99% p.a*

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Be in the know

Banks and lenders know your credit score, and so should you. Find out about your score, how it all works and how you can improve it.
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Don't just take our word for it...

Google and Product Review logos
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
Google
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."
Google
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.”
Google
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.”
Google
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
Personal loans - credit score - SocietyOne
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‍Information about SocietyOne borrowing rates
The rate advertised above is a comparison rate. See below for further information about comparison rates. Tier 1 borrowers will receive an interest rate between 5.95% - 10.45% p.a. (comparison rate 5.95% - 12.83% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.05% - 15.03% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 14.37% - 17.59% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 19.99% p.a. (comparison rate 18.41% - 21.70% p.a.). Maximum interest rate is 19.99% p.a. (comparison rate 21.56% p.a.). An establishment fee applies for most borrowers. 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 12.32% p.a.) and a $495 establishment fee, the fortnightly repayment would be $154 and the total cost over the life of the loan (including the establishment fee) would be $12,013. SocietyOne personal loans are available for terms of 2, 3 and 5 years.

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 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. Credit scores provided by SocietyOne Services Pty Ltd ACN 609 495 409.

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