SocietyOne Car Loan - Excellent Credit (Fixed)

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 loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

7.50% p.a.to 9.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

$300

SocietyOne Car Loan - Excellent Credit (Fixed)

7.50% p.a.to 9.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

$300

8.10% p.a.to 10.59% p.a.

9.36% p.a.to 12.31% p.a.based on $30,000
over 5 years

$300

SocietyOne Car Loan - Excellent Credit (Fixed)

8.10% p.a.to 10.59% p.a.

9.36% p.a.to 12.31% p.a.based on $30,000
over 5 years

$300

Mozo Review   SocietyOne Car Loan - Excellent Credit (Fixed) Review

Last updated: 12 October 2018.

What's hot:
  • Interest rate from 7.50% (9.51% comparison rate)

  • No monthly fee

What's not:
  • 3.00% - 5.00% establishment fee

Mozo snapshot:

The SocietyOne Car loan is unsecured personal loan with an interest rate tailored around your credit score, starting from as low as 7.50% (9.51% 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 establish fee that is 3.00% - 5.00% of your loan amount.

Key features:

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 7.50% (9.51% comparison rate), but jumps to as high as 19.99% (22.34% comparison rate). This also applies to the establishment fee, with the fee varying from 3.00% - 5.00% of your loan amount.

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.

Who it's good for:

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.

Any catches?

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 its worth identifying which end of the spectrum you’ll end up on before applying.

Details

Rates and fees information correct as at 13 December 2018. 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.
Rates
  • Fixed

  • 7.50% p.a.to 9.99% p.a. fixed

  • 9.51% p.a.to 12.71% p.a.based on $10,000
    over 3 years

Fees
  • $300.00

  • $0.00

  • $35.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 2 Years

  • 3 Years

  • Unsecured

Features
  • Fortnightly, Monthly

  • yes

  • no

  • Interest rate and establishment fee vary according to VedaScore rating. Rates and fees shown are for an AA Rated borrower. Minimum employment income of $30,000 p.a.

  • none

*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. 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.

Details

Rates and fees information correct as at 13 December 2018. 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.
Rates
  • Fixed

  • 8.10% p.a.to 10.59% p.a. fixed

  • 9.36% p.a.to 12.31% p.a.based on $30,000
    over 5 years

Fees
  • $300.00

  • $0.00

  • $35.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 5 Years

  • 5 Years

  • Unsecured

Features
  • Fortnightly, Monthly

  • yes

  • no

  • Interest rate and establishment fee vary according to VedaScore rating. Rates and fees shown are for an AA Rated borrower. Minimum employment income of $30,000 p.a.

  • none

*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. 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.

Customer Reviews

How are SocietyOne personal loans rated by the Mozo community?

Overall customer rating
4.0/10
Price
5.0/10
Features
1.0/10
Customer service
0.0/10
Convenience
0.0/10
Trust
0.0/10

Promoted

SocietyOne

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Unsecured Personal Loan - Excellent Credit (Fixed)

p.a.

9.51% p.a.

$0.00

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New Car Loan (Fixed)

5.44% p.a.to 5.94% p.a.

5.99% p.a.to 6.5% p.a.based on $30,000
over 5 years

$400.00upfront and $0.00/month

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Car Loan - Excellent Credit (Variable)

5.71% p.a.to 8.66% p.a.

6.57% p.a.to 10.07% p.a.based on $30,000
over 5 years

$100.00upfront and $10.00/month

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CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

$265.00upfront and $0.00/month

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Used Car Loan (Fixed)

5.94% p.a.to 6.44% p.a.

6.49% p.a.to 7.0% p.a.based on $30,000
over 5 years

$400.00upfront and $0.00/month

Promoted

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St.George

Secured Personal Loan

8.49% p.a.

9.60% p.a.based on $30,000
over 5 years

$195.00upfront and $12.00/month

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Harmoney

Harmoney

Unsecured Personal Loan

6.99% p.a.to 28.69% p.a.

7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years

$500.00upfront and $0.00/month

Promoted

HSBC

HSBC

Unsecured Personal Loan

8.50% p.a.to 16.99% p.a.

9.06% p.a.to 17.53% p.a.based on $30,000
over 5 years

$150.00upfront and $5.00/month

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan - Excellent Credit (Fixed)

7.50% p.a.to 9.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

$300.00upfront and $0.00/month

Promoted

Australian Military Bank

Australian Military Bank

Unsecured Personal Loan - Excellent Credit (Variable)

7.88% p.a.to 18.82% p.a.

8.72% p.a.to 20.22% p.a.based on $30,000
over 5 years

$100.00upfront and $10.00/month

Promoted

NAB

NAB

Personal Loan (Variable, Unsecured)

12.69% p.a.to 18.69% p.a.

13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years

$150.00upfront and $10.00/month

Promoted

ANZ

ANZ

Unsecured Personal Loan

12.45% p.a.

13.32% p.a.based on $30,000
over 5 years

$150.00upfront and $10.00/month

Promoted

CUA

CUA

Unsecured Personal Loan (Variable)

10.89% p.a.

11.15% p.a.based on $30,000
over 5 years

$175.00upfront and $0.00/month

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 21.00% p.a.

7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years

$0.00upfront and $0.00/month