Launched in 2012, SocietyOne offers a modern alternative to traditional lending. Normally with a loan whether it be home, car or personal, a bank or lender will provide funds as finance for the loan. Where SocietyOne differs is that doesn’t provide the finance for a loan; instead, it connects borrowers with willing investors. This is called peer-to-peer lending, or P2P.

In January 2021, SocietyOne surpassed the billion-dollar loan originations milestone with its success leading to a merger with ASX-listed digital lender MoneyMe early in 2022. Using MoneyMe’s diversified product set and ability to deliver leading customer experiences, SocietyOne now looks to become the number one non-bank credit provider in Australia.

SocietyOne Personal & Car Loans

SocietyOne offers both secured and unsecured personal loans from $5,000 to $70,000 for a number of uses including:

  • Vehicle purchase

  • Debt consolidation

  • Home renovations

  • Holidays

  • Wedding costs

  • Medical bills

  • Education fees

Check out some of SocietyOne’s personal loan offerings below.


FixedSecuredN/AMore details

Low Rate Personal Loan (Excellent Credit) (Secured)

    FixedUnsecuredN/AMore details

    Low Rate Personal Loan (Excellent Credit)

      FixedSecuredN/AN/AMore details

      Low Rate Personal Loan (Very Good Credit) (Secured)

        FixedUnsecuredN/AN/AMore details

        Low Rate Personal Loan (Very Good Credit)

          Important Information and Comparison Rate Warning

          All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

          The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates are for unsecured personal loans only for the relevant amounts and terms. The comparison rates for car loans and secured personal loans are for secured loans unless indicated otherwise. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

          Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of June 24, 2024. View disclaimer.

          SocietyOne Personal & Car Loan Features

          Personalised interest rates

          SocietyOne offers personalised interest rates, meaning borrowers will receive interest rates tailored to their current financial circumstances depending on factors including credit history, credit score, employment status, cash flow and loan amount. Borrowers deemed to be low risk with a good credit score and history can expect a lower interest rate relative to other types of borrowers.

          Read more: Guide to risk-based personal loans

          Term flexibility

          SocietyOne personal loans can be repaid fortnightly or monthly with terms up to five-years for unsecured loans and seven-years for secured loans.

          Monthly fee-free

          Aside from a loan establishment fee of up to $595 depending on the factors mentioned above, SocietyOne personal loans are free from monthly fees and early repayment fees.

          Fees do apply in the case of late or overdue payments as well as the inability to process direct debit on your account.


          SocietyOne is a digital platform meaning it utilises digital technologies as opposed to physical outlets to speed up the lending process. Applying takes around five minutes and you’ll get your personalised rate in under a minute.

          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. SocietyOne simply minimises risk by managing the funds and servicing of every loan.

          Am I eligible?

          To be eligible for any SocietyOne personal loan, the following requirements must be met:

          • Applicants must be at least 21 years old.

          • Applicants must be employed and earn at least $30,000 per annum from employment (Centrelink cannot be your main source of income).

          • Applicants must be an Australian citizen or permanent resident.

          • Applicants must have good credit history.

          • Applicants must must use the loan for personal use only.

          What do I need to provide to receive a SocietyOne personal or car loan?

          To get a SocietyOne personal loan, you may need to supply the following information and documents as part of your personal loan application:

          • Your personal details including name, address and date of birth.

          • A drivers licence or passport details.

          • Proof of your address - for example, a utility bill.

          • Proof of your income in the form of payslips or bank statements.

          • Details about your day-to-day expenses, and any other debts.

          If you’re applying for a secured personal loan, you’ll also need to provide details of the asset to be used as security as part of the verification process.

          The documents required depend on your ownership of the vehicle but it will help to have these things handy:

          • Registration certificate 

          • Proof of insurance

          • Invoice or proof of private sale if you are purchasing a vehicle  

          Image by Hannah Busing via Unsplash