The details shown below are for a fixed loan between $5,000 and $50,000
The details shown below are for a fixed loan between $5,000 and $50,000
Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
| | Fixed | Car Loan - Excellent Credit (Fixed, Unsecured) | $5,000 | $50,000 |
| | Fixed | Car Loan - Excellent Credit (Fixed, Unsecured over 5 years) | $5,000 | $50,000 |
Loan: $5,000 $50,000
Loan: $5,000 $50,000
The SocietyOne Car loan is an unsecured personal loan with an interest rate tailored around your credit score, starting from as low as 6.99% (9.00% comparison rate*). Some of its key features include the option to make extra repayments, a flexible repayment schedule and its lack of monthly fees. However, there is an establishment fee, which will vary depending on your credit rating.
SocietyOne offers an unsecured personal loan you can use to get yourself some hot new wheels. When it comes to interest rate, SocietyOne uses their VedaScore rating system to determine your credit score and in turn, how much interest you’ll be paying. The rate starts from as low as 6.99% (9.00% comparison rate*), but jumps to as high as 17.49% (19.78% comparison rate*).
This also applies to the establishment fee, which will vary depending on your credit rating. The establishment fee tiers are as follows:
In terms of dollars and cents, it is worth noting that the excellent credit rating comes with a minimum establishment fee of $0 and a maximum establishment fee of $995. The minimum establishment fee for all other credit ratings is $395 and the maximum is $995.
This fee is added to your loan principal and paid off as part of your monthly repayments, so you don't have to budget to pay it upfront.
The loan terms are little different with this loan, you’ll have the choice of a loan that offers 2-3 years terms, or a similar, but slightly different offer, that has 5 year terms. The main difference is that the 2-3 year loan rates are slightly lower.
If you’re looking for a way to pay less interest, then extra repayments could be the avenue for you. SocietyOne provides the option to make fee free extra repayments so you can pay off your loan quicker and with less interest.
There’s also the ability to choose between fortnightly and monthly repayments, letting you personalise your repayment schedule to fit your budget.
Something else to keep in mind if you apply for this loan is that you’ll need to be employed and earning at least $30,000 a year to be eligible.
Individuals with excellent credit are going to have the chance to secure a strong interest rate they can be happy with, so if your credit history is squeaky clean, this might be worth a look.
While some versions of this loan offer great rates, people with bad credit will find themselves with a rather high and not particularly desirable rate, so it's worth identifying which end of the spectrum you’ll end up on before applying.
Fixed
6.99% p.a.to 14.99% p.a. fixed
9.00% p.a.to 18.48% p.a.based on $10,000
over 3 years
$335.95
$0.00
$35.00
$0.00
$0.00
$5,000.00
$50,000.00
2 Years
3 Years
Unsecured
Fortnightly, Monthly
yes
no
Interest rate and establishment fee vary according to Equifax credit score. Rates and fees shown are for a Tier 1 graded borrower. Minimum employment income of $30,000 p.a. 3% application fee added to principal amount of loan.
Establishment fee from 3% (with minimum fee of $300) is added to principal loan amount and not paid upfront, amount shown is the minimum for a 3 year loan of $10,000 including interest.
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
Fixed
7.99% p.a.to 17.49% p.a. fixed
9.25% p.a.to 19.78% p.a.based on $30,000
over 5 years
$335.95
$0.00
$35.00
$0.00
$0.00
$5,000.00
$50,000.00
5 Years
5 Years
Unsecured
Fortnightly, Monthly
yes
no
Interest rate and establishment fee vary according to Equifax credit score. Rates and fees shown are for a Tier 1 graded borrower. Minimum employment income of $30,000 p.a. 3% application fee added to principal amount of loan.
Establishment fee from 3% (with minimum fee of $300) is added to principal loan amount and not paid upfront, amount shown is the minimum for a 3 year loan of $10,000 including interest.
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.
$0.00
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 21.99% p.a.
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
Alex
Personal Loan
6.95% p.a.to 19.99% p.a.
6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years
Wisr
Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years
Liberty
Personal Loan
6.45% p.a.to 26.99% p.a.
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
CUA
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years
OurMoneyMarket
Car Loan
5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years
Heritage Bank
Car Loan
4.89% p.a.
5.53% p.a.based on $30,000
over 5 years
loans.com.au
New Car Loan (Fixed)
4.67% p.a.
5.22% p.a.based on $30,000
over 5 years
P&N Bank
Secured Personal Loan
6.81% p.a.
7.80% p.a.based on $30,000
over 5 years
loans.com.au
Clean Green Car Loan
3.97% p.a.
4.51% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Alex
Personal Loan
6.95% p.a.to 19.99% p.a.
6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Liberty
Personal Loan
6.45% p.a.to 26.99% p.a.
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
CUA
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 21.99% p.a.
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.
$0.00
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.
$0.00
MoneyPlace
Unsecured Personal Loan (Fixed)
6.45% p.a.to 26.99% p.a.
6.45% p.a.
$0.00
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.
$0.00
