Thumbnail icon for SocietyOne

SocietyOne Unsecured Personal Loan (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 this loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

Interest rate from
7.50% p.a.to 14.99% p.a.
Comparison rate from*
9.51% p.a.to 18.48% p.a.based on $10,000
over 3 years
Upfront fee
$336
Go to site
Interest rate from
8.40% p.a.to 17.49% p.a.
Comparison rate from*
10.12% p.a.to 19.78% p.a.based on $30,000
over 5 years
Upfront fee
$336
Go to site

Mozo editorial review SocietyOne Unsecured Personal Loan (Fixed)

Last updated: 5 February 2020.

binocular icon
What's hot
  • Fixed rates from 7.50% (9.51% comparison rate*)
  • No ongoing fees
  • Extra repayments welcome
What's not
  • Application fee from 3% of loan amount
Mozo snapshot

With rates starting from a low 7.50% (9.51% comparison*) and no ongoing fees, SocietyOne's Unsecured Personal Loan is an enticing offer. SocietyOne is the first peer to peer lender to make a splash on the personal loans market, removing the banks from the borrowing equation and connecting borrowers (like you) directly with wholesale investors.

key icon
Key features

SocietyOne's Unsecured Personal Loan is available for personal loans from $5,000-$50,000 and can be paid back over 2-5 years.

There's a lot to love about this online-only player, with the flexibility to make repayments fortnightly or monthly and the ability to make extra repayments (with no early repayment fees) - so you can pay off your loan ASAP! Though do keep in mind that you won't be able to dip into those extra funds as there's no redraw facility. 

SocietyOne like other peer-to-peer lenders have rate tiers depending on your credit history. The low rate offer of 7.50% is for AA-grade credit borrowers but rates can go up to 20.49% if you find yourself in the D-grade category.

While there is an application fee starting from 3% of your loan amount, you won't need to pay this upfront. It's added to your principal amount, so you pay it as part of your monthly repayments. But if you get behind on repayments you'll feel the bite of the $35 late payment fee. 

snapshot
Who is it good for

Whether it's an overseas vacay, some new wheels or a reno project, SocietyOne's Unsecured Personal Loan is perfect for borrowers looking for a personal loan with no upfront or ongoing fees and a competitive interest rate.

snapshot
Any catches

While the 7.50% interest rate (9.51% comparison rate*) is a great offering, it's only available to creditworthy borrowers as SocietyOne uses a risk-based tier system. So if you're deemed in the "D" borrowing category you could face a rate as high as 20.49%.


Details

Rates and fees information correct as at 10 July 2020. 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 14.99% p.a. fixed

  • 9.51% p.a.to 18.48% p.a.based on $10,000
    over 3 years

Fees
  • $335.95

  • $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 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.

*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 10 July 2020. 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

  • 8.40% p.a.to 17.49% p.a. fixed

  • 10.12% p.a.to 19.78% p.a.based on $30,000
    over 5 years

Fees
  • $335.95

  • $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 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.

*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
5.8/10
Price
6.2/10
Features
3.0/10
Customer service
5.3/10
Convenience
5.0/10
Trust
5.3/10

Latest reviews of SocietyOne Unsecured Personal Loan (Fixed)

  • Overall 10/10
    Great, reliable debt consolidation.

    SocietyOne is very reliable and a great bank to consolidate your debts. Highly recommended.

    Read full review

    SocietyOne is very reliable and a great bank to consolidate your debts. Highly recommended.

    Price
    10/10
    Features
    0/10
    Customer service
    10/10
    Convenience
    -1/10
    Trust
    10/10
    Less
    Marguerite, Victoria reviewed 3 months ago
  • Overall 0/10
    A BIG mistake and terrible service buyer BEWARE

    Provide inaccurate information. Give you the worst possible rate even if you have a perfect credit score so they can scam more money out of you. Zero customer service. Zero accountability. Had to open this account just to let you know how SHADY this deal is.

    Read full review

    Provide inaccurate information. Give you the worst possible rate even if you have a perfect credit score so they can scam more money out of you. Zero customer service. Zero accountability. Had to open this account just to let you know how SHADY this deal is.

    Price
    1/10
    Features
    1/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Mozo community reviewer, South Australia reviewed over 6 years ago

Promoted

SocietyOne

SocietyOne

Car Loan - Excellent Credit (Fixed)

7.50% p.a.to 14.99% p.a.

9.51% p.a.

$0.00

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

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

Promoted

Symple Loans

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

Promoted

ANZ

ANZ

Unsecured Personal Loan

12.45% p.a.

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

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

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

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

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

Promoted

Symple Loans

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

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

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

Promoted

RateSetter

RateSetter

Unsecured Personal Loan

7.49% p.a.to 8.89% p.a.

9.50% p.a.to 10.91% p.a.based on $10,000
over 3 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.

$13.00

Promoted

RateSetter

RateSetter

Unsecured Personal Loan

7.49% p.a.to 8.89% p.a.

9.50% p.a.

$0.00

Promoted

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

Promoted

Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.

$5.00

Promoted

RateSetter

RateSetter

Unsecured Personal Loan (Debt Consolidation)

6.79% p.a.

8.83% p.a.

$0.00