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SocietyOne Car Loan - Excellent Credit (Fixed)

Advertiser disclosure
Interest rate from
6.45% 10.99% p.a.
Comparison rate from
6.45% 11.71% p.a.based on $10,000
over 3 years
Upfront fee
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Mozo editorial review SocietyOne Car Loan - Excellent Credit (Fixed) - last updated: 15 December 2021

5 / 5
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What's hot
  • Competitive fixed rates from 6.45% p.a. (6.45% p.a. comparison rate*)
  • Rates are offered on a tiered risk-based system - so borrowers with a good credit score will be rewarded with better interest rates.
  • No early repayment fee
What's not
  • $595 upfront fee on most loan tiers
Mozo snapshot

Looking for a car loan to upgrade to a hot new set of wheels? Well, with super low fixed rates from 6.45% p.a. (6.45% p.a. comparison rate*) on loans between $5,000 and $50,000 and with 2-5 year loan terms, the unsecured SocietyOne Car Loan could be a great option.

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Key features

The SocietyOne Car Loan offers borrowers competitive fixed rates from 6.45% p.a. (6.45% p.a. comparison rate*) on loans between $5,000 and $50,000 and with 2-5 year loan terms. Keep in mind that this loan offers tiered-based interest rates, which means, the better your credit score, the better your interest rate. 

This car loan offers both a fortnightly and monthly repayment cycle, which means you can customise your loan repayments to your own pay schedule.

As this car loan is unsecured, you don’t need to put your new car up as collateral against it.

In addition, the SocietyOne Car Loan allows customers to make extra repayments and doesn’t charge any early loan repayment fee, so you’ll be able to pay off your car loan as quickly as you like without facing any extra charges for it.

Who is it good for

Are you someone who takes pride in having an excellent credit score? Then the SocietyOne Car Loan could be a great loan option for you. Thanks to its tiered risk-based fixed interest rates, which rewards borrowers with good credit histories with better rates. 

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Any catches

An upfront fee will apply on most of the loan tiers, with the amount varying depending on your credit score and how much you want to borrow. On top of this, there’s also a $35 late payment fee if you fall behind on your repayments.

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Ava Crawford
Money writer

Ava Crawford is an experienced journalist, specialising in credit cards, personal loans and buy now pay later platforms here at Mozo. Ava has also produced digital content for Foxtel's LifeStyle and FOXArena, and has contributed to notable outlets such as The New York Times and ITV. She attended New York University and completed a degree in English and American Literature. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 22 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


6.45% 10.99% p.a. fixed

6.45% 11.71% p.a.based on $10,000
over 3 years







Other financial bits



2 Years

5 Years



Fortnightly, Monthly



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. Upfront fee added to principal amount of loan.


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.

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