Student & Education Loans

Rates from as low as 6.99% p.a* (comparison rate)

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Getting a rate won't affect your credit score.
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Low Rates

Comparison rates from 6.99% p.a*

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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

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Super Quick

Get a personalised rate in as little as 1 minute

Student Loans That Reward Good Credit

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

Calculate your great rate!

Find out what your repayments could be 
with our SocietyOne personal loan calculator

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View the Fine Print

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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  • Westpac

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  • CBA

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Rates as of 10/09/2020

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Applying for a Personal Loan is Easy!

1

Get Your Rate

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

3

Get Your Funds

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

2

Apply Online

Most people finish their application within 5 minutes

Don't Just Take Our Word For it
4.7/5 on Google reviews
4.8/5 on Productreview.com.au
I used a SocietyOne loan to pay for my son's private school education fees. As a single mum it's a bit of a struggle paying those exorbitant fees but education is very important to me and this gave me the helping hand I needed. 
I used my loan to pay for a school excursion for my daughter to go to China for two weeks. At the same time my son made the national sports team which I also had to pay for. Without this loan my kids definitely would have missed out on the opportunity!
My daughter found an occupation she was gifted at but  to do the course it cost $19,000! I applied with SocietyOne and it was funded within the hour!  Her teachers report she is the most gifted student they have ever had.  Thank you SocietyOne for helping her to achieve her dream.

Find Out Your Rate Now

Get a Quote!

Frequently Asked Questions

Are there any other fees and charges?

We charge a one-off establishment fee. This is included in your total loan amount. There are no monthly fees or early repayment fees. So you have the security of a fixed rate loan, with the flexibility to pay it off early.

How do I make repayments?

Repayments can be made in either fortnightly or monthly instalments, by direct debit.

If you wish to make extra payments, please contact our customer service team on customer.service@societyone.com.au. There are no fees or penalties for making extra payments or paying off your loan early.

If you are experiencing financial hardship and are having difficulty repaying your loan please contact customer service on customer.service@societyone.com.au.

Can I repay my loan early? Can I make extra payments?

Yes, absolutely. SocietyOne encourages responsible borrowing and provides repayment flexibility. You can either pay out your loan early or make lump sum payments during the life of your loan with no extra fees or penalty. If you wish to pay off your loan completely then please contact us at customer.service@societyone.com.au so that we can give you an accurate settlement quote.

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

Resources

An apple on top of stacked books on a table with coloured pencils and wooden letter A-B-C blocks.
Spend smarter and save on your kids’ education
Find out more
A woman outdoors in a blue shirt with her phone thinking.
The number the banks don’t want you to know
Find out more
A person with a phone looking at the SocietyOne quote page.
Repayment calculator
Find out more

Resources

An apple on top of stacked books on a table with coloured pencils and wooden letter A-B-C blocks.
Spend smarter and save on your kids’ education
Find out more
A woman outdoors in a blue shirt with her phone thinking.
The number the banks don’t want you to know
Find out more
A person with a phone looking at the SocietyOne quote page.
Repayment calculator
Find out more

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.