Make it happen

with a low rate personal loan!

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Get what you need

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

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Super quick

Get a personalised rate in as little as 2 minutes

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No ongoing fees

No monthly or early repayment fees

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Credit score safe

Getting a quote won’t affect your credit score

Award winning personal loans

4.9 Google  4.8 ProductReview

Great personalised rates!

The better your credit history, the better your rate!
Find out what your repayments could be with our SocietyOne personal loan calculator.
*Please enter an amount between $5,000 and $50,000
Example Interest rate: {{ rateRanges.interest.low | currency }}% p.a. Comparison rate: {{ rateRanges.comparison.low | currency }}% p.a.

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Total repayment amount of ${{loanTotal | currency(0)}}, which includes interest and fees.

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See how we compare to the big banks

Looking for a low rate loan with no ongoing fees? See how our comparison and interest rates measure up to Commonwealth Bank, Westpac, ANZ and NAB.

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Rates as of 10/09/2020

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As easy as 1, 2, 3

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!

Why a personal loan?

A personal loan is often used to consolidate debts into 
a single repayment or pay for expenses like holidays, weddings and cars that would be difficult to pay off within the interest free period on a credit card.

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

Unsecured loans are also paid off over a shorter period 
(2–5 years), so you can get to your goal of paying the debt 
off sooner.
Get My Rate!

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.
Learn More

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 personal loan can be a great way to fund your home renovation.
Learn More

Plan a holiday

Secure your flights, accommodation and other big-ticket holiday expenses early and save with our great low rates.
Avoid missing out on all the best travel deals by using a SocietyOne personal loan to fund your next holiday.
Learn More

Buy a car

Make your automotive dream a reality with the help of a SocietyOne personal loan. There’s nothing quite like that new car feeling, but, for most of us, purchasing a new car outright is financially out of reach.
Learn More

Pay for your wedding

Planning and paying for your big day can become a costly exercise, with expenses attached to everything, from venue hire and catering to the honeymoon and wedding dress.
Learn More

Pay for your education

From tuition fees and textbooks to uniforms and other expenses, education, whether it’s school or higher education, can sometimes cost a pretty penny.
Learn More

Got two minutes to spare?

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Who can get a personal loan?

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 you'll need

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

Resources & Guides

Useful documents & tools to help guide your way

Frequently Asked Questions

Things to Consider Before Getting a Personal Loan

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.

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.

from 6.99% p.a*

Are there any fees?

Establishment fee
No up-front payments, just a one-off fee included in your total loan amount and paid over the life of the loan.

from 3% with a min fee of $300

Late Repayment Fee
If your loan repayment is unable to be processed and the payment remains outstanding, a late fee is payable at 5, 14, 21 & 30 days after the payment date.

$35 per late payment

Direct Debit Dishonour Fee
It’s important to ensure there are enough funds in your account to cover each of your repayments to avoid dishonour fees. This fee is payable if we are unable to process a direct debit from your account.

$15 per dishonour

Early repayment fee
Some lenders charge you for paying your loan out early. We don't!


Are there any certain amounts or terms I should be aware of?

Loan amount limits
The minimum & maximum amount you are able to borrow

$5,000 to $50,000

Loan terms
Your repayments are split over your loan term. A shorter term means less interest is paid over the life of the loan, while loans with longer terms will have lower regular repayments.

2 years, 3 years and 5 years

Is a credit check mandatory in order to apply for a personal loan?

Yes, we use this to calculate your interest rate & reward borrowers who have maintained good credit scores.

Can I apply for a personal loan if I am currently unemployed?

To apply for our personal loan you need to be earning more than $30,000 per annum, although Centrelink can be used as a supporting income stream.

What’s the difference between a secured personal loan & an unsecured personal loan?

A secured personal loan is secured against an asset that you own, most commonly your house or car, as a form of collateral. An unsecured personal loan requires no security which can mean a stricter lending criteria but far more flexibility for those who are eligible.

What happens if I can’t meet my loan repayments?

If you need short-term or medium-term assistance with your repayments please get in touch with us immediately. Our customer service team can discuss options with you that can include flexibility with instalments due, time extensions & other hardship solutions depending on your circumstances.

How is the interest rate of my loan calculated?

Our interest rates are personalised for each customer and are determined based upon factors such as your credit score - the higher your score, the lower your rate.

Are there any additional fees or charges on top of my loan repayments?

We charge a one-off establishment fee that is included in your total loan amount. There are no monthly fees or early repayment fees. You can learn more about how our rates and fees work here.

How much can I borrow?

Our personal 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.

What loan terms can I choose from and can I pay my loan off early?

We offer 2, 3 and 5 year loan terms. You also have the freedom to pay out your loan early in full or make additional lump sum payments during the life of your loan with no extra fees or penalties.

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 long will it take for me to receive my funds?

Once you're approved the funds will be transferred to your bank account, usually within 24 hours.

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

The Fine Print

Information about SocietyOne borrowing rates
Tier 1 borrowers will receive an interest rate between 6.99% - 10.49% p.a. (comparison rate 6.99% - 12.21% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.87% - 13.89% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 15.08% - 16.61% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 20.49% p.a. (comparison rate 18.48% - 22.06% p.a.). 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 11.69% p.a.) and a $400 establishment fee, the fortnightly repayment would be $152 and the total cost over the life of the loan (including the establishment fee) would be $11,883.

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 personal loan calculator
The personal loan calculator provides an estimate of repayment amounts and is not a quote or an offer to provide credit.  Actual repayment amounts may be higher or lower depending on the interest rate assigned to your loan.  See above for more information about SocietyOne borrowing rates.  The comparison rate for 2 year and 3 year loans is based on a loan amount of $10,000 and for 5 year loans, the comparison rate is based on a loan amount of $30,000.  An establishment fee is added to your loan, based on your SocietyOne loan grade and the loan amount. The minimum establishment fee for most borrowers is $395 (except some Tier 1 (excellent credit) borrowers who will have a $0 establishment fee) and the maximum fee is $995.

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.