1 photo
SocietyOne
See the Best Personal Loans in 2022 as rated by Australians on ProductReview.com.au.
Listing monitored by SocietyOne

Pros

Competitive interest rates
Simple to apply for
Funds quickly made available if approved

Reviews

  • Transparency
    4.7 (716)
  • Customer Service
    4.8 (847)
  • Loan TypeFixed Rate (569), Variable Rate (113) and Line of Credit (15)
  • Application Process
    4.8 (839)
  • Timeliness
    4.8 (809)
  • Loan Term3.996 years
Previous
Next

Reviewer Photos & Videos

  • Thumbnail
  • Thumbnail
  • Thumbnail
  • More
    Thumbnail
Happy Customer
Happy CustomerGowrie 2904, ACT

Always a pleasure

published

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

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!
georgioug58
georgioug58South East Queensland, QLD

Cannnot fault

published

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

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

Fast and easy approval.

published

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.

Customer Service
5/5
Application Process
5/5
Similar opinion? Write a review on ProductReview.com.au!
Marc
MarcVincentia
  • 2 reviews

We’ll done society one

published

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.

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!
Personal Loans

Find out how SocietyOne compares to other Personal Loans

Know better, choose better.

Compare all

Helping people to help others

published

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.

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

Nice and easy to apply

published

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 .

Customer Service
5/5
Application Process
5/5
Similar opinion? Write a review on ProductReview.com.au!
Kellie C.
Kellie C.Hobart, TAS

Great service

published

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

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

Related Articles

Previous
Super Funds Awards 2022!

A good super fund can make a substantial difference to the amount you retire with. From retail super funds to self managed super funds, view reviewer ratings for the top-rated super funds of 2022.

Wendy Z.
Wendy Z.12 Jan 2022
super-funds-awards-2020
Credit Card Awards 2020

Whether it's the sign up bonus, rates and fees, or reliable customer service that you look for in a credit card, a credit card is often used everyday, so it's important you choose one that meets your needs and that you're happy with. These are the top-rated credit cards this year, as decided by ProductReview.com.au reviewers.

Wendy Z.
Wendy Z.19 Nov 2019
credit-card-awards-2020
What Is Peer-To-Peer Lending?

Peer-to-peer lending is quickly gaining popularity among Australian borrowers and investors. If you've never heard of it before, this 2 minute read will give you a quick rundown so you can decide if P2P lending is right for you.

Nathan S.
Nathan S.14 Nov 2019
what-is-peer-to-peer-lending
Next

Like a true friend or best relative…

published

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.

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!
Suzanne Clark
Suzanne Clark Mid North Coast, NSW
  • 2 reviews

The whole process from application to end was professional, easy and much better than dealing with the banks.

published

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.

Application Process
5/5
Timeliness
5/5
Similar opinion? Write a review on ProductReview.com.au!
Personal Loans

Find out how SocietyOne compares to other Personal Loans

Know better, choose better.

Compare all

Building a relationship with a finance company

published

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

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!
Jules
JulesFar North Queensland, QLD
  • 2 reviews

5 ⭐️ ⭐️⭐️⭐️⭐️

published

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.

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

Quick, easy and helpful

published

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.

Customer Service
5/5
Incentivised Review No
Loan TypeFixed Rate
SocietyOne
Keiron T.SocietyOneSend a private message
Similar opinion? Write a review on ProductReview.com.au!
Personal Loans

Find out how SocietyOne compares to other Personal Loans

Know better, choose better.

Compare all
Andy F
Andy F
  • 2 reviews

Great interest rates, easy loan process

published

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.

Application Process
5/5
Timeliness
5/5
Incentivised Review No
SocietyOne
Keiron T.SocietyOneSend a private message

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,

Similar opinion? Write a review on ProductReview.com.au!
Carmel
CarmelSouthwest, VIC
  • 3 reviews

Efficient, professional & great service

published

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.

Transparency
5/5
Customer Service
5/5
SocietyOne
Keiron T.SocietyOneSend a private message

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,

Similar opinion? Write a review on ProductReview.com.au!
Michelle G.
Michelle G.Gascoyne, WA

Super easy, no nonsense!

published

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.

Transparency
5/5
Customer Service
5/5
SocietyOne
Keiron T.SocietyOneSend a private message

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

Similar opinion? Write a review on ProductReview.com.au!

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

Surahie P.
Surahie P.asked
SocietyOne

Can i pay off the loan within 2 months? If so is there a penalty fee?

No answers
Suzanne
Suzanneasked
SocietyOne

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

No answers
Jimmy S
Jimmy Sasked
Borrowers

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

1 answer
SocietyOne
Keiron T.SocietyOneSend a private message
See all SocietyOne questions

Get an answer from our members and SocietyOne representatives

SocietyOne

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.

ProductReview_2022 Awards_logo

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.

Compare both SocietyOne
SocietyOne Investors
  • Award Winner 2022
  • 2020

SocietyOne Investors

4.8
(5)
SocietyOne Borrowers
  • Award Winner 2022
  • 2020

SocietyOne Borrowers

4.7
(522)
CategoryPersonal LoansPersonal Loans
Offers Peer-to-Peer LendingYesYes
Interest Rate5.95% 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 FrequencyFortnightly and MonthlyFortnightly and Monthly
Loan Amount $5,000.00 to $50,000.00$5,000.00 to $50,000.00
SecurityUnsecuredUnsecured
Loan Term2 to 5 years2 to 5 years
Rate TypeFixedFixed
Redraw AvailableNoNo
Line of Credit Available NoNo
Compare both SocietyOne
Visit official website

ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.