SocietyOne Car Loan – loan
Online loans up to $50 000
Loan amount
$5,000 – $50,000
Interest from
5.45%
Term
2 – 5 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $50 000
- Term 2 - 5 years
SocietyOne is one of Australia's pioneering online personal loan providers, launched in 2012 as a marketplace-style lender and now operating as a licensed, direct consumer lender offering unsecured finance across a wide range of purposes.
SocietyOne's car loan is a secured facility for new or used vehicle purchases, typically priced lower than its unsecured personal loan because the vehicle itself secures the finance.
✓ Pros
- Lower typical rate than SocietyOne's unsecured personal loan
- Fully online application
- Fixed repayment structure for budgeting
- Rate personalised to the borrower's credit profile
✗ Cons
- Vehicle can be repossessed on default
- Loan term should be matched to the vehicle's useful life
- No branch network for in-person support
How to apply
- Get your rate
- Apply online
- Get your funds
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at SocietyOne Car Loan is $5,000.
About SocietyOne Australia Pty Limited
| Company | SocietyOne Australia Pty Limited |
|---|---|
| Address | Level 10/309 George St, Sydney NSW 2000 |
| Website | https://www.societyone.com.au |