Simplify your debts

Choose our secured loan option to borrow up to $70,000.


Quick & easy

Get a personalised rate in as little as 2 minutes.


No ongoing fees

Never pay any monthly or early repayment fees.


Credit score safe

Getting a quote won’t affect your credit score.

Your personal loan repayment calculator

Consolidate your debt into one easy to manage repayment with a personal loan.

Learn more

Total repayment (inc. interest and fees)
Total interest
8.20% p.a.
Example interest rate*
8.27% p.a.
Comparison rate*


You're in control

Take back control of your finances with a debt consolidation loan. You can significantly reduce the amount of interest you incur over the lifetime of multiple debts, or if you’re struggling to manage several debt repayments at once, consolidating your debts into a personal loan will one regular repayment can simplify your finances and make budgeting easier.

Not only does budgeting become a breeze with a debt consolidation loan, they could also save you a lot of money thanks to our great low rates and no monthly fees. And with no early repayment fees, you could pay off a little extra and become debt free sooner.


Secure a better deal

Do you own a car or other valuable asset? You could borrow up to $70,000, access loan terms of up to 5 years and be rewarded with lower rates by selecting the secured loan option when you apply for your SocietyOne personal loan.


How it works

It’s easy to apply for a personal loan to consolidate debt with SocietyOne.


Get Your Rate

In as little as 2 minutes we’ll give you a rate based on your credit profile.


Apply Online

It only takes 5 minutes for most people to complete their online application.


Get Your Funds

Once approved, we’ll have the funds in as little as 1 business day.

How our rates compare

See how our unsecured personal loan rates measure up to the big 4, Commonwealth Bank, Westpac, ANZ and NAB.

from 9.20% p.a.*
from 9.65% p.a.
from 14.60% p.a.
from 12.21% p.a.
from 10.15% p.a.

Rates as of 15/06/2022. Excludes short term bank promotional rates.

View the fine print

Personal loans made easy


Save on interest

You could significantly reduce the amount of interest you pay over the lifetime of multiple debts by consolidating into one easy to manage payment.


Simplify your debts

Consolidate your debts into a single repayment or pay for expenses like that would have been difficult to pay off with a credit card.


Pay it off sooner

We don’t charge any penalties for paying off your personal loan early, so you have the option to pay a little extra off when you can!

The right loan for you

With great rates, flexible loan terms and repayment options, plus no monthly or early repayment fees you’ll have no trouble finding a loan to suit you.

Wondering about the difference between secured and unsecured is? In our helpful guide we get into the nitty gritty about both of these loan types to help you understand more and make it easier to choose the loan type that’s best for you.

Loan details
Secured loans
Unsecured loans
Interest ratesFrom 8.20% p.aFrom 9.20% p.a.
Comparison ratesFrom 8.27% p.a.*From 9.20% p.a.*
Amount you can borrow$5,000 to $70,000$5,000 to $50,000
Loan terms2, 3, or 5 years2, 3, or 5 years
Repayment frequencyFortnightly or monthlyFortnightly or monthly
Asset securityYes, you will need to provide an eligible asset as securityNo security required
Monthly feesNoneNone
Early repayment feesZeroZero
Hidden feesZilchZilch

Why get a personal loan?

If you want to significantly reduce the amount of interest you incur over the lifetime of multiple debts, or you’re tired of managing several debt repayments at once, debt consolidation may be a good option for you.

Using a secured or unsecured personal loan from SocietyOne for debt consolidation can make budgeting easier, so you only need to keep track of one regular payment and could save you money thanks to our great low rates. Plus, with SocietyOne there are no early repayment fees, so you can pay off your debt faster and without penalty.


Whether you’re planning to extend your family home, are getting your house ready to put on the market or are wanting to spruce up an existing bathroom or living space, a SocietyOne home renovation loan can be a great way to fund your home renovation.

You can avoid adding to your mortgage and incurring additional interest over 10, 15 or 25 years, and with great low rates of our personal loans and no fees on extra repayments, you could increase your cost savings.


Avoid missing out on all the best travel deals by using a SocietyOne personal loan to fund your next holiday.

Secure your flights, accommodation and other big-ticket holiday expenses early and increase your cost savings with our low interest rate.

Pay off your personal loan easily with one regular payment and enjoy the great benefits of no monthly or early payment fees.


Get that new car feeling with a SocietyOne unsecured personal loan for your next car purchase. Our fixed rates make a personal loan a good alternative to a traditional car loan, plus:

• With the unsecured option you don’t need to use the car as security on the loan.

• There is no limit to the age of the car, as long as it meets the minimum asset value required if you choose the secured option.

• Choose a secured loan option to increase the borrowed amount up to $70,000

• Borrow more than the car’s purchase amount for on road fees or even debt consolidation.


Pay for the big expenses like the venue, catering, the dress and even the honeymoon with our personal loans, and begin paying them off before the wedding day, plus:

• Budgeting is easier with one regular payment

• Our great low interest rates mean you could save money on fees and interest

• No monthly or early repayment fees and costs mean you could pay your debt off sooner!


Using a SocietyOne unsecured personal loan for school or higher education fees gets an A+.

• Our personal loans don't have early repayment costs, which means you can pay off the loan early without a termination fee

• Our low interest rates mean you could save money on fees and interest

• They’re unsecured so you can include the expense of uniforms, books and other study material


Have some more questions?

Our support team is here to help.

Award winning personal loans


Resource Centre

The 5 benefits of consolidating your debt
Debt Consolidation

The 5 benefits of consolidating your debt

Read Article

How to use a loan to consolidate your debts
Debt Consolidation

How to use a loan to consolidate your debts

Read Article

5 Tips For Supercharging Your Debt Repayments
Debt Consolidation

5 Tips For Supercharging Your Debt Repayments

Read Article

Frequently Asked Questions

Things to Consider Before Getting a Personal Loan

Say you have a credit card (or two, or three), a store card, a car loan or even an existing personal loan. Managing all of these debts can be tricky and the interest paid across them all could be… huge!

Debt consolidation is simply the process of combining all of these existing debts into a single new debt with a single interest rate and one regular repayment. A debt consolidation loan can help you manage your finances and pay your debts off sooner.

The first thing you should do is check your eligibility with the lender. If you're looking to apply for a personal loan with SocietyOne, you'll need to ensure you meet our lending criteria below:

  • You need to be at least 18 years of age
  • Be an Australian citizen or a permanent resident of Australia
  • You must earn more than $30,000 per annum
  • It's important that you have a good credit history

If you're applying for a secured personal loan, you will need to have an asset to pledge as security. At SocietyOne, your asset will need to meet a minimum value, depending on the amount you wish to borrow. Acceptable assets include:

  • Vehicles (passenger and light commercial vehicles)
  • Motorbikes
  • Caravans
  • Marine (boats and personal watercrafts)

We do not accept heavy commercial vehicles.

You will need to provide asset details, proof of ownership or purchase invoice, and insurance as part of the verification process.

Debt consolidation loans remove the temptation to continue spending and often have lower interest rates than credit cards, which can help you save on interest. You can also choose terms of 2, 3 or 5 years with SocietyOne, which can make repayments easy to manage. Some credit card companies will offer 0% balance transfers on credit card debt, which may be appealing, however you will need to be strict in paying this off before the interest-free period ends and know what any new purchases are charged at the full interest rate, so it is important to consider if you will really be better off in the long run.

Fixed interest rate

Our personal loans have a fixed interest rate, meaning your interest rate doesn't change during the life of your loan and your regular repayments are always the same.

Fixed rate personal loans can help make it easier for you to budget. With no early repayment fees, our fixed rate loans give you more freedom and allow you to pay off your debt sooner.

Our fixed rates for unsecured personal loans range from 9.20% p.a*

Our fixed rates for secured personal loans range from 8.20% p.a*

Comparison rate

If you're looking to compare personal loans, the comparison rate is the most transparent way to compare the true costs. A comparison rate takes into account the interest rate as well as the known fees and charges that are payable (such as establishment fees), making it easier to understand the complete cost of the personal loan with a more transparent comparison of the products.

Our comparison rates for unsecured personal loans range from 9.20% p.a*

Our comparison rates for secured personal loans range from 8.27% p.a*

The new SocietyOne app

Making managing your personal loans easier. Personal loan customers can:

View loan balances

Request a loan statement

Find out how to make an extra payment

Request a payout figure and more


Be in the know

Banks and lenders know your credit score, and so should you. Find out about your score, how it all works and how you can improve it.

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Track Your Progress

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