Menu
We’re here for you. We’re taking extra measures to support our customers during these uncertain times. Find out how we can help you here.
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:
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:
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.
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.
To get a personal car loan, you may need to supply us with the following information and documents as part of your loan application:
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:
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.
Applying for a SocietyOne loan is simple.
Making managing your personal loans easier.
Personal loan customers can:
.png)
.jpg)
Information about SocietyOne borrowing rates
The rate advertised above is a comparison rate for a secured personal loan to a Tier 1 borrower. Annual percentage rates range from 4.95% (4.95% p.a. comparison rate) to 19.99% (21.70% p.a. comparison rate ). See our Rates and Fees page for more information on borrowing rates. An establishment fee applies for most borrowers. Secured personal loan example: for a borrower with excellent credit (Tier 1 borrower), a personal loan of $10,000 over a 3 year loan term, with an interest rate of 6.49% p.a. (comparison rate 9.77% p.a.) and a $495 establishment fee, the monthly repayment would be $321.61 and the total cost over the life of the loan (including the establishment fee) would be $11,587. SocietyOne personal loans are available for terms of 2, 3, 5 and 7 years. Minimum loan term repayment period is 2 years, maximum loan term repayment period is 7 years.
Information about comparison rates
Comparison rates are designed to allow borrowers to understand the true cost of the loan by taking into account fees and charges, the loan amount and the term of the loan. The SocietyOne comparison rate above is based on a secured 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.
