SocietyOne

SocietyOne

 Verified
SocietyOne
4.7

2,386 reviews

PositivevsNegative
95% · 2,257112 · 5%
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Loan TypeFixed Rate, Variable Rate and Line of Credit
Loan Term4.042 years
Transparency
4.7
Customer Service
4.8
Application Process
4.8
Timeliness
4.8
Competitive interest rates
Simple to apply for
Funds quickly made available if approved

Reviews

2,386 reviews
sophie
sophieSydney, NSW42 posts
  Borrowers

Terrible Loan Company

Terrible Company. Avoid them! Took out a Personal Loan in July 2022..As the payments were deducted on different dates at the end of the Month, used to receive a Notification beforehand All was well until early December 2023,When they attempted to take out 2 extra payments. Reversed them a day or so later. Then actually deposited 2 payments in my account. It has been downhill ever since. No Notification in January and February 2024.And in February attempted to take the payment on 28th.Impossible to speak to anyone. Then get a Default Notice. No where on the Website to lodge a Complaint and have since ignored all my emails
Rose
RosePerth, WA2 posts
  Borrowers

Worst company to ever deal with. Do not loan with this company!

overdrawn payments multiple times no contact/replies to emails no compensation. Show details
Customer Service
Application Process
Timeliness
Kiana
Kiana
  Borrowers

Fraud and scam done by societyone

I have enquired for a personal loan with societyone but never went ahead with the enquiry.
They have been regularly taking money out of my account and i just realised now.
Regular $178 out of my account without my consent and how they gained access to my account was that when enquiring about a personal loan, i had to login to my bank account through their website.
Neni
NeniGreater Melbourne (Inner), VIC
  Borrowers

Credit Score Checks without authorisation

Do not have any dealings with this company!!!

They check the credit rating without your consent and as a result it drops significantly!!! Terrible

karl m.
karl m.2 posts
  Borrowers

Just try them

Easy online, no 3rd degree interrogations, the only thing is the app, not the best to find what you are looking for, other than that A+++ Show details
Kylie
Kylie5 posts
  Borrowers
Transparency
Customer Service
Application Process
Timeliness
Marilyn
MarilynSouth East Queensland, QLD3 posts
  Borrowers

Very happy customer

I am very happy with my experienced with blink property,I highly recommend this real estate they professional very helpful and friendly,I will use blink property for my next sale good communication always especially Peter Butler thank you so much for very service.
Dee J.
Dee J.
  Borrowers
Transparency
Customer Service
Application Process
Timeliness
Sean
Sean3 posts
  Borrowers

Now Moneyme different

Since Moneyme have taken over this once great lending facility,
Be careful not the same as before,
ill-informed staff with little or no knowledge of lending criteria and reading pay slips,
I used to be a good customer but too many bad experiences now and different since they have taken over,
no more customer focus Show details
SocietyOne
SocietyOne   DM   
More

Hi Sean, thank you for your review. We're sorry to see that you had a bad experience with us. If you have any questions or wish to discuss this further please contact us through S1customer.service@moneyme.com.au. Kind regards,

Jay Mack
Jay MackSouth East Queensland, QLD8 posts
  Borrowers

Society Shark Me - Only real reviews are 1 star..look at the comments

In the process of closing accounts, which will take you a lot longer that the approval process. These guys will look after you to get the loan approved (hence all the 5 star ratings), and then you'll be stuck with a high interest rate and every fee imaginable. Don't worry it's all disclosed to you in the print..lol. I think the bikies offer better terms. Society One = Money Me = Loan Shark. Don't do it. Society Shark need not respond with a generic response.
SocietyOne
SocietyOne   DM   
More

Hi Jay Mack, thank you for your review. We're sorry to see that you had a bad experience with us. If you have any questions or wish to discuss this further please contact us through customer.service@societyone.com.au. Kind regards

Melina Ramirez
Melina RamirezSydney, NSW11 posts
  Borrowers

Extremely High Rates

Rates are way too high. Really unfortunate. I highly recommend you check out other lenders, OMM for example have a much lower personal loan rate. Show details
Transparency
Customer Service
Application Process
Timeliness
Katherine k.
Katherine k.Sydney, NSW
  Borrowers

What a great experience

Fast and easy application. Customer service bery polite and friendly. Was approved in 2 days. All over experience was just amazing! Thank you Society One Show details ·  1
Dave
Dave
  Borrowers

Perfect professionalism and communication

Great to deal with, everything was forth coming with no hidden costs. I would definitely use them again and recommend to my friends. Show reply
Hungry
HungrySouthwest, VIC4 posts
  Borrowers

Paid off loan and still money was taken out!

Loan paid off, advised them via email that was the case and they still managed to direct debit my account with not one but two payments!
SocietyOne
SocietyOne   DM   
More

Hi Hungry, thank you for your review. We're sorry to see that you had a bad experience with us. If you have any questions or wish to discuss this further please contact us through customer.service@societyone.com.au . Kind regards,

Our Tiny Farm Retreat
Our Tiny Farm Retreat
  Investors

Provided fast finance for $45K towards a tiny home investment for holiday rental business

Fast, efficient and easy finance for a tiny house - our tiny farm retreat. I got a competitive rate.
The ease of sharing bank statements was fantastic for credit reviews was exceptional. Show details ·  1
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Questions & Answers

Frequently Asked Questions about SocietyOne

What are the interest rates on a loan from from SocietyOne?

For Unsecured Loans:

Credit RatingRating NameMin ScoreMax Score2 & 3yr IR5yr IRFee2 & 3yr CR5yr CR
Exceptional (Excellent)AA186712006.45%6.45%$06.45%6.45%
ExcellentAA2812866.997.49%8.99%$49510.79%9.69%
Very goodAA3780811.998.99%10.49%$49512.32%11.20%
Very goodAA4732779.999.49%10.99%$49512.83%11.71%
Very goodA1702731.999.99%11.69%$59514.01%12.56%
GoodA2676701.9910.49%12.19%$59514.52%13.06%
GoodA3649675.9910.99%12.69%$59515.03%13.56%
GoodB1621648.9911.99%13.99%$59516.06%14.88%
GoodB2591620.9912.49%14.49%$59516.57%15.38%
AverageB3560590.9913.49%15.49%$59517.59%16.39%
AverageB4536559.9914.49%16.49%$59518.62%17.40%
AverageC1516535.9914.99%17.99%$59519.13%18.91%
AverageC2485515.9916.49%19.49%$59520.67%20.42%
AverageC3461484.9917.49%20.49%$59521.70%21.43%

For Secured Loans:

Credit RatingRating NameMin ScoreMax Score2 & 3yr IR5yr IR7yr IRFee2 & 3yr CR5yr CR7yr CR
Exceptional (Excellent)AA186712005.49%5.45%7.45%$05.45%5.45%7.45%
ExcellentAA2812866.996.49%7.99%9.99%$4959.77%8.69%10.52%
Very goodAA3780811.997.99%9.49%11.49%$49511.30%10.20%12.03%
Very goodAA4732779.998.49%9.99%11.99%$49511.83%10.70%12.53%
Very goodA1702731.998.99%10.69%12.69%$59512.99%11.55%13.35%
GoodA2676701.999.49%11.19%13.19%$59513.50%12.05%13.85%
GoodA3649675.999.99%11.69%13.69%$59514.01%12.56%14.36%
GoodB1621648.9910.99%12.99%14.99%$59515.03%13.87%15.67%
GoodB2591620.9911.49%13.49%15.49%$59515.55%14.37%16.17%
AverageB3560590.9912.49%14.49%16.49%$59516.57%15.38%17.18%
AverageB4536559.9913.49%15.49%17.49%$59517.59%16.39%18.19%
AverageC1516535.9913.99%16.99%18.99%$59518.11%17.90%19.71%
AverageC2485515.9915.49%18.49%20.49%$59519.64%19.42%21.22%
AverageC3461484.9916.49%19.49%21.49%$59520.67%20.42%22.23%

Latest Consumer Questions

Frugal
Frugal · SocietyOne

Just wondering why my payment was taken out 2 days before date.

Pushpeksha W.
Pushpeksha W. · SocietyOne

How can I topip my current loan with society one

Stephenie S.
Stephenie S. · SocietyOne

How did you get my mobile number?

See all SocietyOne questions

Details

About SocietyOne

SocietyOne is a personal loan provider that gives you the option to borrow up to $70,000 with a loan term of 2 to 5 years (with either fortnightly or monthly repayments). You can also invest in SocietyOne’s Personal Loans Unit Trust.

They provide loans for:

  • Debt consolidation
  • Home renovation
  • Student expenses
  • Green loans
  • Cars and vehicles (including caravans)
  • Holidays
  • Weddings

There are no ongoing fees, such as monthly or early repayment fees. Getting a personalised SocietyOne quote also won’t affect your credit score.

You can also use the SocietyOne app to manage your personal loans, by viewing loan balances, requesting loan statements, finding out how to make extra payments, requesting a payout figure, and more.

Points of praise:

  • Most reviewers found that SocietyOne’s interest rates were competitive, and reasonable for the service.
  • Reviewers also appreciated the simple application process, saying that it was easy to submit. Those who needed to contact customer service about their loan also said that representatives were friendly and easy to deal with.
  • Those who were approved for a loan also said that once the claim was processed, their funds were made available quickly. For some, they were available within the day.
Compare all SocietyOne listings
CategoryPersonal LoansPersonal Loans
Offers Peer-to-Peer LendingYesYes
Interest RateFrom 6.95% p.a.From 6.95% p.a.
Comparison Rate From 6.95% p.a.From 6.95% p.a.
Monthly Fee $0$0
Application Fee $0$0
Repayment FrequencyFortnightly and MonthlyFortnightly and Monthly
Loan Amount $5,000 to $70,000$5,000 to $70,000
SecuritySecured and UnsecuredSecured and Unsecured
Loan Term2 to 7 years2 to 7 years
Rate TypeFixedFixed
Redraw AvailableNoNo
Line of Credit Available NoNo
Awards 2020 and 20222020 and 2022
Visit official website

Contact info for SocietyOne

  • ABN: 44151627977

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