Unsecured Loan that Rewards Excellent Credit

Unsecured Loan that Rewards Excellent Credit
  • Establishment fee from 3% (minimum fee $300). Establishment fee is applied to the loan amount
  • Fortnightly or monthly repayment options
  • Get funds within 1 business day after approval
  • No exit or early repayment fees
fixed rate from

7.50%

per annum

comparison rate from~

9.51%

p.a. based on $10,000 for 3 years unsecured

fees

3.00% upfront

$0 per month

indicative score band

Excellent

What's this?
loan amount

$5,000

minimum

$50,000 maximum

loan term

5

years

2 years minimum

Features
  • Available as a car loan
  • Redraw available
  • Extra repayment
    At anytime cost free
Other fees
Late payment fee$35
Early exit fee$0
Things you should know
For debt consolidationYes
Security requiredNo

Product Specific Terms and Conditions

SocietyOne will assess your credit history based on our standard credit criteria; therefore the credit score we may use in determining your applicable interest rate may differ from your Experian Credit Score. Your employment income must be more than $30,000 p.a.

Tier 1 borrowers will receive an interest rate between 7.50% - 10.89% p.a. (comparison rate 9.51% - 12.71%p.a.). Tier 2 borrowers will receive an interest rate between 10.49% -12.69% p.a. (comparison rate 13.38% - 14.55% p.a.). Tier 3 borrowers will receive an interest rate between 12.29% - 15.29% p.a. (comparison rate 15.38% -17.31% p.a.). Tier 4 borrowers will receive an interest rate between 14.99% - 20.49% p.a. (comparison rate 18.48% - 22.38% p.a.).

Minimum period for repayment is 2 years and maximum period for repayment is 5 years. 3 years loans are also available and loans may be repaid early without any fees or penalties. Maximum annual percentage rate is 20.49% p.a. Maximum Comparison rate is 22.34% p.a.

~Rates are based on an unsecured fixed rate personal loan of $10,000 over 3 years. SocietyOne rate is the lowest available rate for a borrower with excellent credit (Tier 1 borrower). WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

Important Information

~Comparison rate is calculated as indicated. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different fees, terms, or a different loan amount might result in a different comparison rate.

**The indicative repayments are based on the preferences information added for loan amount and duration only and may not include all fees and charges.

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