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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.
As Australia’s first and leading marketplace lender, SocietyOne strives to provide a better deal for both borrowers and investors, one brilliant lending moment at a time. Since our inception as a small start-up in 2012, we have grown to become industry leaders, helping over 35,000 customers and recently passing over $900 million in lending.
Being an innovative fintech company, we understand that the greatest investment a nation can make is in nurturing its next generation of talent. That’s why we’re now offering the SocietyOne Student Grant.
This Scholarship is offered annually to one person. Applications for the 2021 grant will open on Friday October 2nd 2020 at 12:00pm & close on Wednesday March 31st 2021 at 11:59PM.
The value of the Scholarship is AUD $5,000 (total amount) and is paid as a one-time payment to the recipient.
In order to apply for the SocietyOne Student Scholarship, write a response (maximum 500 words) answering the following question:
In light of your chosen field of study, what positive impact do you hope to make on the world after completing your degree?
We’re looking for submissions that reflect a drive to implement positive change in the world through the practical skills you have learnt while studying.
Should you be shortlisted, the following information will be requested over email:
The winner will be decided by a panel of judges from SocietyOne, on the basis of the entry which best addresses the task presented. The successful entry will be decided within 4 weeks from the date that applications close.
The recipient of the SocietyOne Student Scholarship will be contacted via the contact details provided in their submission.
For more information please read through our terms and conditions.
Information about SocietyOne borrowing rates
The rate advertised above is a comparison rate. See below for further information about comparison rates. Tier 1 borrowers will receive an interest rate between 5.95% - 10.49% p.a. (comparison rate 5.95% - 12.83% p.a.). Tier 2 borrowers will receive an interest rate between 9.99% -12.19% p.a. (comparison rate 12.05% - 15.03% p.a.). Tier 3 borrowers will receive an interest rate between 11.99% - 14.99% p.a. (comparison rate 14.37% - 17.59% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 19.99% p.a. (comparison rate 18.41% - 21.70% p.a.). Maximum interest rate is 19.99% p.a. (comparison rate 21.70% p.a.). An establishment fee applies for most borrowers. 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 12.32% p.a.) and a $495 establishment fee, the fortnightly repayment would be $154 and the total cost over the life of the loan (including the establishment fee) would be $12,013. SocietyOne personal loans are available for terms of 2, 3 and 5 years. Minimum loan repayment period is 2 years, maximum loan repayment period is 5 years.
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 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.
