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SocietyOne

SocietyOne Personal Loans

You could get an interest rate starting from 5.95% p.a. Interest rates and establishment fees are based on your credit score.

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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. To minimise risk, SocietyOne manages the funds and servicing of every loan. Approvals are fast and you can choose your own loan term of 2, 3 or 5 years. Your interest rates and establishment fees will depend on your credit score. If you have good credit, you could get an interest rate as low as 5.95% p.a.

SocietyOne Unsecured Personal Loan

SocietyOne Unsecured Personal Loan

From

5.95 % p.a.

fixed rate

From

5.95 % p.a.

comparison rate

  • No ongoing fees
  • Must be employed
  • Min. loan amount $5,000
Security Logo

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 5.95% p.a. and 19.99% p.a. based on your risk profile.

  • Interest rate from: 5.95% p.a.
  • Comparison rate: 5.95% p.a.
  • Interest rate type: Fixed
  • Application fee: from $0 to $595
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
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$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
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Unsecured personal loans from SocietyOne offer competitive rates starting from 5.95% p.a. You're able to apply for a loan up to $50,000 and repay it over terms of 2, 3 or 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.
  • Loan terms. You can choose to repay the loan over 2, 3 or 5 years.
  • 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.

Fees

The establishment fee is based on your credit score.

Credit Score

Fees

Excellent

from $0 to $595

Very good

from $0 to $595

Good

from $0 to $595

Average

from $0 to $595

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.

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Important Information*
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Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

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Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

More info
Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

More info

Ask an Expert

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12 Responses

    Default Gravatar
    giteshApril 5, 2016

    we need loan

    Reply
      Avatarfinder Customer Care
      ElizabethApril 6, 2016Staff

      Hi Gitesh,

      If you’d like to apply for a loan you can submit your application on Society One’s website. Just make sure you meet the minimum eligibility criteria outlined on the page above.

      Hope this has helped,

      Elizabeth

      Reply
    Default Gravatar
    KevinSeptember 12, 2015

    Do your loans have to be fixed? Reason I ask is if I set it at 7 years or 5 years and it is fixed this would mean I can’t pay off extra into the personal loan and secondly if I pay it off in say 2 yrs then penalty rates apply. Also what are your monthly fees etc
    Kevin

    Reply
      Avatarfinder Customer Care
      ElizabethSeptember 14, 2015Staff

      Hi Kevin,

      Thanks for your question.

      Just to clarify, you’ve come through to finder.com.au, not Society One, we’re a financial comparison service, however I can still help you with your query. The interest rate that will be applied to your loan is fixed for your repayment term, which can be anywhere from one to five years. You will be charged a one-off establishment fee but there are no other fees charged on your loan. You are able to pay off your loan early and be charged no penalty.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    SeanAugust 12, 2015

    This almost seems to good to be true, Very low rates, No Fees, unlimited repayments, No early payout fee…

    I’ve just got one question to ask,

    Whats the catch? and is it as secure as the Banks?

    Reply
      Avatarfinder Customer Care
      ElizabethAugust 13, 2015Staff

      Hi Sean,

      Thanks for your question.

      Society One is a peer-to-peer lender and so offers a new way to get finance. It works by linking borrowers up with individual investors who agree to lend to you. This process is completely anonymous. The main thing to be aware of is that you are given a rate based on your credit position – Society One has five ‘grades’ of borrowers that is based on your Veda score, and your interest rate and establishment fee will be based on this loan amount. You can learn more about Society One and the way it works by clicking through to their site from the page above – just click the green ‘Go to Site’ button.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    JJune 27, 2015

    Hi,
    Is there a redraw facility on the society one loan?

    Reply
      Avatarfinder Customer Care
      ElizabethJune 29, 2015Staff

      Hi J-C Hillis,

      Thanks for your question.

      You can make extra repayments at any time without penalty but there is no redraw facility available on this loan.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    ChrisFebruary 23, 2015

    Where can i find the PDS for an investor? Do you know if SocietyOne has a provident fund to reduce default risk?

    Reply
      Avatarfinder Customer Care
      ShirleyFebruary 24, 2015Staff

      Hi Chris,

      Thanks for your question.

      The SocietyOne platform is currently open to Wholesale Clients and is working to include retail investors soon.

      If you would like to register your interest, kindly visit SocietyOne directly.

      Should you be successful SocietyOne can send through a PDS and information about how they manage their risks.

      Cheers,
      Shirley

      Reply
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