Debt Consolidation

Debt consolidation loans that reward good credit

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Low Rates

From 7.5% p.a (9.51% p.a. comparison rate*)

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No Ongoing Fees

No monthly or early repayment fees

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Credit Score Safe

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Super Quick

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Personal loans that reward good credit

The better your credit history, the lower your rate!

Fixed rates from

7.5% p.a.

Comparison rates from

9.51% p.a.

Consolidate debt

Juggling more than one debt repayment at a time is not uncommon, so if you’re struggling to stay on top of your finances, debt consolidation may be well worth considering.

  • 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!
debt consolidation personal loan
debt consolidation loan

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Check out our rates

You can choose a loan term of 2, 3 and 5 years with repayments made fortnightly or monthly.

SocietyOne Loan Grades
Interest Rate % p.a. (2-3 years)
Interest Rate % p.a. (5 years)
Establishment Fee¹
Comparison Rate % p.a. (2-3 years)²
Comparison Rate % p.a. (5 years)³
Tier 1
Interest Rate % p.a. (2-3 years)
7.50% – 9.99%
Interest Rate % p.a. (5 years)
8.40% – 10.89%
Establishment Fee¹
3.00% – 4.00%
Comparison Rate % p.a. (2-3 years)²
9.51% – 12.71%
Comparison Rate % p.a. (5 years)³
10.12% – 12.61%
Tier 2
Interest Rate % p.a. (2-3 years)
10.49% – 11.49%
Interest Rate % p.a. (5 years)
11.69% – 12.69%
Establishment Fee¹
Comparison Rate % p.a. (2-3 years)²
13.38% – 14.40%
Comparison Rate % p.a. (5 years)³
13.53% – 14.55%
Tier 3
Interest Rate % p.a. (2-3 years)
12.29% – 13.79%
Interest Rate % p.a. (5 years)
13.79% – 15.29%
Establishment Fee¹
Comparison Rate % p.a. (2-3 years)²
15.38% – 16.91%
Comparison Rate % p.a. (5 years)³
15.78% – 17.31%
Tier 4
Interest Rate % p.a. (2-3 years)
14.99% – 17.99%
Interest Rate % p.a. (5 years)
17.49% – 20.49%
Establishment Fee¹
Comparison Rate % p.a. (2-3 years)²
18.48% – 21.54%
Comparison Rate % p.a. (5 years)³
19.07% – 22.34%

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

Interest Rate: 7.5% - Comparison Rate: 9.51%* + Establishment Fee: 4%
+ Monthly Repayment : $320.39 = Total Loan Cost (including fees)
: $11,534.20 (36 x $320.39)

Find out what your repayments could be with our repayment calculator.

Applying For a Loan is Easy!


Get Your Rate

In as little as 1 minute we’ll give you a rate based on your credit history


Get Your Funds

Once approved, we’ll have the funds in your account within
a few days!


Apply Online

Most people finish their application within 5 minutes

Don't Just Take Our Word For it

"I found it was a very easy way to apply for a loan to pay off my credit card and personal loan I had with amazing interest rates I wish I had found them years ago I would have saved thousands not just a few hundred."
“Pretty happy with the service, easy to talk to someone and very happy with my loan. Save a fair bit by consolidating my loans.”
“Company is efficient and quick with regard to their service. Will definitely refer to family and friends. Don’t make the clients wait on the phone unlike other companies. More power.”
“Customer service was excellent. I received a call almost straight away when I lodged my application. The process was very simple and fast! I would definitely recommend Society One to anyone looking for a loan that is very competitive.”

Find Out Your Rate Now

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Frequently Asked Questions

Things to Consider Before Getting a Debt Consolidation Loan

What are the eligibility requirements?

You are eligible for a SocietyOne personal loan if you are:
- At least 21 yrs old
- Earn more than $30,000 p.a. from employment (Centrelink may be used as supplementary income)
- Are an Australian citizen or permanent resident
- Have good credit
- Are using the personal loan mainly for personal use

What is a debt consolidation loan?

Debt consolidation is combining a number of different debts such as multiple credit cards or unsecured loans into one single loan, usually with a lower overall interest rate that will save you cash in the long run. Often, people consolidate their debts by taking out a new personal loan to repay allother debts, getting a fresh loan term and interest rate.

What can a debt consolidation loan be used for?

Debt consolidation loans are typically used by people who have multiple forms of debt which have different interest rates and repayment dates. Consolidating these into a single loan can potentially result in a lower interest rate & makes budgeting or financial planning far less confusing.

What debts can I consolidate?

A debt consolidation loan allows you to consolidate credit card debts, medical bills, car loans and other personal loans - making life easier and helping you to pay off your debts faster! For many, debt consolidation can bring financial freedom and peace of mind

What repayment options are available?

Repayments can be made in either fortnightly or monthly instalments, by direct debit. Personal Loan repayments are calculated depending on your choice of 2,3 or 5 year loan terms, and whether you have chosen fortnightly or monthly repayments along with the interest rate you receive on approval of your loan.

How much can I borrow?

SocietyOne's unsecured debt consolidation loans range from $5,000 to $50,000 with flexible loan terms of 2, 3 or 5 years. We suggest borrowing an amount that best suits your situation, making sure you will be comfortable paying off each instalment. You can use our handy loan calculator to find out exactly what your repayment amounts will be based on how much you wish to borrow.

How do I make repayments?

Repayments can be made in either fortnightly or monthly installments, by direct debit.If you wish to make extra payments, please contact our customer service team on There are no fees or penalties for making extra payments or paying off your loan early.

Got more questions? Head to our frequently asked questions page for more answers.


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When is debt consolidation a good idea?
Find out more
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What is debt consolidation, and should you be doing it?
Find out more
A person with a phone looking at the SocietyOne quote page.
Repayment calculator
Find out more


A woman in a kitchen with a computer thinking.
When is debt consolidation a good idea?
Find out more
A hand reaching for a butterfly in the woods.
What is debt consolidation, and should you be doing it?
Find out more
A person with a phone looking at the SocietyOne quote page.
Repayment calculator
Find out more

The Fine Print

*Rates are based on an unsecured fixed rate personal loan of $10,000 over 3 years to a borrower with excellent credit (Tier 1 borrower). WARNING: The 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.

1. The establishment fee is added to your loan, based on your SocietyOne loan grade and the loan amount.
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.