SocietyOne is the first peer-to-peer financing platform in Australia. It connects investors with borrowers in a secure environment and offers you a loan based on your credit history. The company offers investors the opportunity to lend to qualified borrowers directly. This type of financing has never been available in Australia before, and SocietyOne takes care of the fund management and servicing of every loan to minimise risks.
SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan
A and AA grade borrowers
Must be employed
Min. loan amount $5,000
100% confidential application
SocietyOne Unsecured Personal Loan
Borrow from $5,000 and benefit from no ongoing or early repayment fees. You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile.
Unsecured personal loans from SocietyOne offer competitive rates starting from 7.75% p.a. for AA-rated borrowers. You're able to apply for a loan up to $50,000 and repay it over terms from
2 to 5 years
. These loans can be used for a variety of reasons, from debt consolidation and weddings to going on holiday or buying a new car.
Features and benefits of a SocietyOne personal loan
Competitive interest rates. The interest rate you're offered from SocietyOne depends on the details you provide in your personal loan application. SocietyOne can offer you a personalised quote in three minutes.
Flexible loan. The loan is unsecured so can be used to fund various loan purposes. You can use it to pay for a holiday, consolidate debt, finance a wedding, buy a car or pay for your education needs.
Fast approval. Applications will be reviewed to determine if the borrower and lender meet the criteria. Applications are processed quickly to give borrowers access to funds when they need them most.
Transparent rates and fees. You can see SocietyOne's rate and fee structure before you apply on its website.
Direct lenders. Investors are able to look through available borrower applications on SocietyOne’s secure platform. This is all anonymous and the platform is safe.
What other products does SocietyOne offer?
SocietyOne only offers personal loans at this time. The P2P lender specialises in connecting borrowers and investors.
How to apply for a personal loan from SocietyOne
If you'd like to apply with SocietyOne, click "Go to Site" to get your application started. There are some basic application criteria that has to be met, so ensure you can answer "yes" to each of the below:
You are an Australian citizen or Australian permanent resident
You are at least 18 years old
You earn more than $30,000 p.a.
You can afford the loan you're applying for
You've had good credit for the last two years
You're not in financial hardship with other financial providers
You do not have pending, current or previous bankruptcy
The loan is not for business purposes
SocietyOne is a unique lending platform that offers a range of options to customers. Make sure to compare your options before deciding which loan is right for you.
Matt Corke is the head of publishing in Australia for Finder. He previously worked as the publisher for credit cards, home loans, personal loans and credit scores. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time he has survived the dot-com crash and countless Google algorithm updates.
You'll receive a fixed rate between 10.69% p.a. and 18.69% p.a. ( 11.58% p.a. to 19.53% p.a. comparison rate) based on your risk profile An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.
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