The home you want

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.

Easily calculate your repayments

Getting a home renovation loan with SocietyOne is quick and easy.

Learn more

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

Plan your home improvement

You might be looking to expand your family's living space, get your home ready to sell, or tidy up an existing bathroom or living space. Whatever your aim, a personal loan from SocietyOne can help you fund your home renovation project.

Using a personal loan can also help you avoid adding unnecessarily to your mortgage and incurring additional interest over the life of your home loan. SocietyOne offer no ongoing monthly or early repayment fees, meaning you can pay the loan off early with no penalty.

Home Reno

Own a car? Use it to unlock the reno you really want.

Sure, our unsecured personal loans are great, but did you know that by simply adding security (like a car) could help you access up to $70,000 and loan terms of up to 5 years? Now you can get those fancy taps.

New Car

Not just for renovating

You don’t need any elbow grease or DIY plans to apply for a home improvement loan. Fitting out a home can be expensive, but you don’t have to wait for years to save up for each individual item!

Many of our customers have used a home improvement loan to fund fitting out their existing home with new indoor or outdoor furniture, new appliances and whitegoods for the kitchen or laundry.

Home Reno

On the move

Moving is stressful, but the costs shouldn't need to be. You can use your SocietyOne home improvement loan to fund the sale costs, fees and even stamp duty and removalists costs.

Don’t own a home? Relocation and moving costs are still expensive if you’re renting and could come around more often than for those that own a home. A personal loan could make moving costs a bit easier to manage and perhaps help fund some new furniture.

Packing a home

How it works

Applying for a home renovation loan with SocietyOne is quick and easy.


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


Consolidate and save

Easily consolidate your debts into your home improvement loan to save in interest and enjoy the simplicity of a single repayment.


Flexible options

Choose between secured or unsecured loan options, up to 7 year loan terms and monthly or fortnightly repayments.


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

5 Tips for Creating the Ultimate Outdoor Entertaining Area
Home Renovation

5 Tips for Creating the Ultimate Outdoor Entertaining Area

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Making the most of small spaces
Home Renovation

Making the most of small spaces

Read Article

How to prepare your home for weather
Home Renovation

How to prepare your home for weather

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Frequently Asked Questions

What to consider when comparing home renovation loans.

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.

To get a home renovation loan, you may need to supply us with the following information and documents as part of your home renovation loan application:

  • Your personal details – name, address, date of birth
  • A driver’s licence or passport
  • Proof of your address - for example, a utility bill
  • Proof of your income in the form of payslips or bank statements
  • Details about your day-to-day expenses, and any other debts

If you’re applying for a secured personal loan, you’ll also need to provide asset details as part of the verification process.

The documents we require depend on your ownership of the vehicle but it will help to have these things handy:

  • Registration certificate
  • Proof of insurance
  • Dealership invoice (if you are purchasing a vehicle)

A home renovation loan allows you to make improvements to your home without having to add to your mortgage which can include buying furniture to spruce up your space or paying for moving costs.

A building and construction loan is for building a new home or larger projects and often a large amount of money is loaned. Construction loans function a little differently than regular home loans. Funds are provided to you as the construction completes various stages, so you only pay interest on the payments made to you until the construction loan is completely drawn. A renovation is only eligible for a construction loan if structural alterations are undertaken.

The lower interest rates associated with mortgages seem tempting at first, but you need to consider how much interest you’ll actually be paying over the life of your home loan. Miscalculating could result in thousands of dollars in extra interest paid. Unlike home loans, a personal loan is a shorter term commitment and comes with added benefit of features such as no early repayment fees, so if you’re sprucing up your home to improve the sale cost you can pay back the loan early once it’s sold, without any penalties.

The type of renovation loan will depend on your personal circumstances. You have a few options for funding your home improvements and it’s important to find the solution that works best for your financial position.

If you have an existing mortgage or home loan, you may have the option to access some of the equity in your home and refinance to borrow more against your home, but this option often comes with lots of paperwork and may come with additional fees and interest over the life of the loan.

The benefits of choosing a personal loan for your home improvement is an easier application, faster processing times and fewer hoops to jump through. Plus with SocietyOne you have no ongoing monthly fees or early repayment fees, so you can pay the loan off sooner without penalty.

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

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