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Personal Car Loans

Comparison rates from as low as 5.95% p.a.*
A woman on a car looking at her phone

Get your dream car

Borrow between $5k and $50k for your next car purchase.

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.

Easily calculate your rate

Getting a Personal Loan with SocietyOne is quick and easy.
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You're in the driver's seat...

Get that new car feeling with a great deal on a SocietyOne unsecured car loan for your next new or used car purchase.
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Car on the road

Why choose an unsecured personal car loan

  • You don’t need to use the car as security on the loan
  • 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 
  • You can choose loan terms of 2, 3 or 5 years
  • 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 history.

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 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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Frequently Asked Questions

Things to consider before getting a personal car loan.

Eligibility criteria for personal car loans

If you’re thinking of applying for a personal car loan from SocietyOne, you will just need to meet our simple credit criteria to be eligible:

  • 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, 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

What is a secured car loan?

A secure car loan is one in which the purchase of a vehicle serves as collateral for the loan. If a borrower defaults on a loan, the lender has the right to repossess the vehicle. The revenues from the transaction are intended to pay the remaining debt.

Do we offer balloon payments?

No, we do not charge balloon payments at SocietyOne.


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. It's likely to be an excellent deal, as your monthly payment will most likely be lower. However, because you'll have to repay the lump payment plus interest, the total cost of the car loan will be higher.

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

  1. Get your rate: In as little as 1 minute we'll give you an interest rate and comparison 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 loan funds in your account in as little as 1 business day.

Will a credit check be made when I apply for a personal car loan?

Yes, we use this and assess your financial situation to calculate your interest rate & reward borrowers who have maintained good credit scores. Receiving a rate quote from us will not impact your credit score. We use what is called a 'soft call' to get your credit score from the credit bureau which allows us to calculate a personalised rate for you. However, once you have submitted your loan application, we will conduct a credit check as part of our assessment process. This check is known as a 'hard call' and will be reflected in your credit score.

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.

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."
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