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SocietyOne are an upstanding money lender with nothing to hide. I have used them several times. They have always been super helpful before and after sale service. I would use them every time without hesitation. Keep up the great work SocietyOne
Customer service was professional first class and friendly. With my own bank I had to jump through more hoops.
Costing was as discussed. Rates seemed fair I was not offered nor did I seek a better rare.
Rate for unsecured loan is more than acceptable
A family member referred me to society one for a personal loan, and I’m glad they did. The low interest loan takes the pressure off what could be quite a stressful experience, it was all done fast and efficiently. I highly recommend society one and will use this company for any future loans needed.
- 2 reviews
Applied for loan, got a call from graham the next day, he was very good to talk to, he asked me a few questions & money was in my account the next day. Very happy with interest rate for insecure loan, well done society one.
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Society one has been Awesome,
Handled all from the comfort at home.
Quick and easy process with fast approval.
Discreet Allowing me to help a friend in need.
Thank you Team for an awesome job.
My customer service was excellent. Every one was kind and very professional, patient with my documents.I was very satisfied with my application, did fuss too much about too many documents to upload. Was great .
Friendly and efficient service, easy process to follow, super quick email responses, money was in my account within 2 days, competitive rates, highly recommend, nothing negative to report at all
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Good customer service so far. Nice to deal with and easy to proceed. Thanks for asking, I would love to give 10/10 rate for their dealing and my feeling. Thank you.
- 2 reviews
The whole process from application to end was professional, easy and much better than dealing with the banks.
I knew exactly what I was paying, the interest rates everything was clear, the staff if I ever had to ring were professional and helpful. If I increased my monthly repayments there was no problem.
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- 2 reviews
It was very easy to access the site and submit my application. I was taken by surprise when I saw the interest rate given me. Hoping to build a long-term relationship with SocietyOne
- 2 reviews
Excellent service. Such a quick & easy process.
Can highly recommend Society One 10/10
If your looking for a personal loan go no further….It was so much easier than dealing with the big banks.
I spoke to someone straight away and they were able to answer my questions immediately.
The loan was processed extremely fast and the funds were in my bank when they said they would be, im very happy with the service.
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- 2 reviews
I applied for a personal loan with society one , the process was easy and quick and I had my answer back within 24 hrs .would highly recommend society one to anyone looking for a personal loan.
Hi Andy, Thank you for your review and five star rating and for your recommendation! We are happy to hear our application process was quick and easy to follow. We look forward to working with you now and in future. Kind regards,
- 3 reviews
Thank you for a great borrowing experience. I loved your reminders before deducting payments and your customer service is optimum bc you are real, kind, efficient & have such a personal and welcoming feel. Everything was a simple process. If I need to borrow again, you would be my first option. I highly recommend.
Hi Carmel, Thank you for your review and five star rating and for your recommendation! We are happy to hear our customer service is kind and efficient in assistance. We look forward to working with you now and in future. Kind regards,
This is my second personal loan through SocietyOne. Super easy application. 100% online. You can have your money in as a little a 1 working day. They just need a bank statement and your off. Great company! All the stress is taken out. I will use them again.
Hi Michelle, Thank you for your review and five star rating and for your recommendation! We are pleased to hear our loan application process was quick and easy to follow. We look forward to working with you now and in future. Kind regards
Questions & Answers
Frequently Asked Questions about SocietyOne
What are the interest rates on a loan from from SocietyOne?
For Unsecured Loans:
| Credit Rating | Rating Name | Min Score | Max Score | 2 & 3yr IR | 5yr IR | Fee | 2 & 3yr CR | 5yr CR |
|---|---|---|---|---|---|---|---|---|
| Exceptional (Excellent) | AA1 | 867 | 1200 | 6.45% | 6.45% | $0 | 6.45% | 6.45% |
| Excellent | AA2 | 812 | 866.99 | 7.49% | 8.99% | $495 | 10.79% | 9.69% |
| Very good | AA3 | 780 | 811.99 | 8.99% | 10.49% | $495 | 12.32% | 11.20% |
| Very good | AA4 | 732 | 779.99 | 9.49% | 10.99% | $495 | 12.83% | 11.71% |
| Very good | A1 | 702 | 731.99 | 9.99% | 11.69% | $595 | 14.01% | 12.56% |
| Good | A2 | 676 | 701.99 | 10.49% | 12.19% | $595 | 14.52% | 13.06% |
| Good | A3 | 649 | 675.99 | 10.99% | 12.69% | $595 | 15.03% | 13.56% |
| Good | B1 | 621 | 648.99 | 11.99% | 13.99% | $595 | 16.06% | 14.88% |
| Good | B2 | 591 | 620.99 | 12.49% | 14.49% | $595 | 16.57% | 15.38% |
| Average | B3 | 560 | 590.99 | 13.49% | 15.49% | $595 | 17.59% | 16.39% |
| Average | B4 | 536 | 559.99 | 14.49% | 16.49% | $595 | 18.62% | 17.40% |
| Average | C1 | 516 | 535.99 | 14.99% | 17.99% | $595 | 19.13% | 18.91% |
| Average | C2 | 485 | 515.99 | 16.49% | 19.49% | $595 | 20.67% | 20.42% |
| Average | C3 | 461 | 484.99 | 17.49% | 20.49% | $595 | 21.70% | 21.43% |
For Secured Loans:
| Credit Rating | Rating Name | Min Score | Max Score | 2 & 3yr IR | 5yr IR | 7yr IR | Fee | 2 & 3yr CR | 5yr CR | 7yr CR |
|---|---|---|---|---|---|---|---|---|---|---|
| Exceptional (Excellent) | AA1 | 867 | 1200 | 5.49% | 5.45% | 7.45% | $0 | 5.45% | 5.45% | 7.45% |
| Excellent | AA2 | 812 | 866.99 | 6.49% | 7.99% | 9.99% | $495 | 9.77% | 8.69% | 10.52% |
| Very good | AA3 | 780 | 811.99 | 7.99% | 9.49% | 11.49% | $495 | 11.30% | 10.20% | 12.03% |
| Very good | AA4 | 732 | 779.99 | 8.49% | 9.99% | 11.99% | $495 | 11.83% | 10.70% | 12.53% |
| Very good | A1 | 702 | 731.99 | 8.99% | 10.69% | 12.69% | $595 | 12.99% | 11.55% | 13.35% |
| Good | A2 | 676 | 701.99 | 9.49% | 11.19% | 13.19% | $595 | 13.50% | 12.05% | 13.85% |
| Good | A3 | 649 | 675.99 | 9.99% | 11.69% | 13.69% | $595 | 14.01% | 12.56% | 14.36% |
| Good | B1 | 621 | 648.99 | 10.99% | 12.99% | 14.99% | $595 | 15.03% | 13.87% | 15.67% |
| Good | B2 | 591 | 620.99 | 11.49% | 13.49% | 15.49% | $595 | 15.55% | 14.37% | 16.17% |
| Average | B3 | 560 | 590.99 | 12.49% | 14.49% | 16.49% | $595 | 16.57% | 15.38% | 17.18% |
| Average | B4 | 536 | 559.99 | 13.49% | 15.49% | 17.49% | $595 | 17.59% | 16.39% | 18.19% |
| Average | C1 | 516 | 535.99 | 13.99% | 16.99% | 18.99% | $595 | 18.11% | 17.90% | 19.71% |
| Average | C2 | 485 | 515.99 | 15.49% | 18.49% | 20.49% | $595 | 19.64% | 19.42% | 21.22% |
| Average | C3 | 461 | 484.99 | 16.49% | 19.49% | 21.49% | $595 | 20.67% | 20.42% | 22.23% |
Latest Consumer Questions
Can i pay off the loan within 2 months? If so is there a penalty fee?
Hi I have had a email
Approval
Sent from society one and now is being and posted on our marketplace for investor funding - is this guaranteed the loan is approved ????suz
Can a society one Loan be paid out at a particular bank. Rather than BPAY.
I’m a little bit old school and technology is not a strength
Hi Jimmy, thank you for your question!
While we do not have a bank where you can pay the loan to directly, if you get the BPAY details of your loan and take them into your bank they should be able to assist you with the payment....
Read more Kind regards, Ash - Customer ServiceGet an answer from our members and SocietyOne representatives
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
Comparison rates start from 5.45% per annum, and 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.
With the multitude of 5-star reviews, it’s no surprise that SocietyOne has won a 2022 ProductReview.com.au Award in the Personal Loans category. They also took out the top spot in 2020, so this isn’t their first rodeo. Above all else, reviewers loved the easy application process and the timeliness in receiving their funds.
 | | |
|---|---|---|
| Category | Personal Loans | Personal Loans |
| Offers Peer-to-Peer Lending | Yes | Yes |
| Interest Rate | 5.95% p.a. | 5.95% p.a. |
| Comparison Rate | 5.95% p.a. | 5.95% p.a. |
| Monthly Fee | $0.00 | $0.00 |
| Application Fee | $0.00 | $0.00 |
| Repayment Frequency | Fortnightly and Monthly | Fortnightly and Monthly |
| Loan Amount | $5,000.00 to $50,000.00 | $5,000.00 to $50,000.00 |
| Security | Unsecured | Unsecured |
| Loan Term | 2 to 5 years | 2 to 5 years |
| Rate Type | Fixed | Fixed |
| Redraw Available | No | No |
| Line of Credit Available | No | No |
Extra Information
SocietyOne is a ProductReview.com.au Awards Winner for 2022 and 2020
Contact info for SocietyOne
Easy application process and fast approval
Easy and fast
Excellent experience. Highly recommend.
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Hi J, Thank you for your review and five star rating ! We are happy to hear our application process was quick and easy and that our team was able to provide you with efficient answers. We look forward...
Read more to working with you now and in future. Kind regards,