SocietyOne

Ratings

4.8

Overview

One of the established lenders in Australia, SocietyOne targets helping out their investors and borrowers meet their financial goals by offering both a better deal. The lenders discover investors seeking impressive returns and supporting real people with their investments. SocietyOne then helps potential borrowers who want to secure a fairer and better deal than they would receive from big banks.

  • Bank Type

    Private Bank

  • Founded

    2011

  • Headquarters

    --

  • Industry

    Peer-to-peer lending

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

Need Home Loan Assistance?

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Pros & Cons-SocietyOne

Pros

  • Strict lending policies.
  • Customer Support.

Cons

  • Strict Age Restrictions.
  • Signup Fees.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

SocietyOne

SocietyOne offers a safe and simple loan application procedure and leverages cutting-edge technology to connect investors and borrowers. Unsecured personal loans are available to borrowers at low rates, and investors can profit from their capital through a diversified portfolio of loans. SocietyOne, which has an Australian credit licence, is dedicated to offering trustworthy and open financing services. It has been praised for its creative approach to lending, and was even named one of Australia's top fintech firms.

Features & Benefits of SocietyOne

The following are some features and advantages that SocietyOne provides to its clients:

  1. Competitive Interest Rates: SocietyOne offers borrowers competitive interest rates, which may be lower than those offered by conventional banks.
  2. Diverse Investment Portfolio: Through a diversified portfolio of loans, investors can profit from their capital while lowering the risk of default and generating a steady return.
  3. Fast and Convenient Loan Process: SocietyOne offers borrowers a quick and easy loan process that enables them to submit their loan applications online and receive loan offers within minutes.
  4. Secure and Transparent: SocietyOne matches investors and borrowers using cutting-edge technology, resulting in a safe and open loan procedure. Additionally, the Australian Securities and Investments Commission has granted the platform a licence.
  5. Credit Report Monitoring: To assist borrowers in understanding and raising their credit score, SocietyOne offers credit report monitoring.
  6. Debt Insurance: SocietyOne provides choices for loan insurance to safeguard borrowers and their families in the event of layoffs, fatal illnesses, or major injuries.
  7. Customer service: SocietyOne provides round-the-clock assistance for any questions or issues. Customers can get in touch with SocietyOne by phone, live chat, or email.
  8. Flexible Repayment Options: SocietyOne offers flexible payback options that let customers select a loan term and a repayment schedule that works for their budget.
  9. No Hidden Costs: SocietyOne does not impose any extra fees and makes the terms and circumstances of the loan available in an understandable manner.

Services Offered by SocietyOne

The following services are provided by peer-to-peer lending platform SocietyOne:

  1. Personal Loans: SocietyOne offers borrowers unsecured personal loans for a range of needs, including debt reduction, home renovations, and medical costs.
  2. Investment Options: Through a varied portfolio of loans, SocietyOne offers investment opportunities to people and organisations wishing to make a profit.
  3. Online Loan Application: SocietyOne provides a quick, easy, and secure online loan application process. Borrowers are able to submit loan applications at any time and from any location, and they can quickly get loan offers.
  4. Loan Management: Borrowers can manage their loans and make payments online with the help of SocietyOne. To manage their loan portfolio, investors have access to a variety of tools.
  5. Customer service: SocietyOne provides round-the-clock assistance for any questions or issues. Customers can get in touch with SocietyOne by phone, live chat, or email.
  6. Credit Report Monitoring: To assist borrowers in understanding and raising their credit score, SocietyOne offers credit report monitoring.
  7. Debt Insurance: SocietyOne provides choices for loan insurance to safeguard borrowers and their families in the event of layoffs, fatal illnesses, or major injuries.

Types of Accounts in SocietyOne

The fact that SocietyOne is a peer-to-peer lending platform and does not provide conventional savings or current accounts should be noted. The two main account types that SocietyOne provides are the Investor Account and the Borrower Account.

  1. Borrower Account: SocietyOne offers borrowers an online application, management, and payment platform for loans. To examine their loan details, payment history, and credit report, borrowers can log into their accounts any time of day or night.
  2. Investor Account: SocietyOne offers a platform online via which people and organisations can invest in a diverse portfolio of loans. Investors can check their investment portfolio, returns, and payment history by logging onto their account any time of day or night.

SocietyOne Contact Details / Customer Service

Customers of SocietyOne can get in touch with them using the following methods:

  1. Phone: The number to call to reach SocietyOne is 1300 883 083. Monday through Friday, 9:00 AM to 5:00 PM (AEDT), they offer customer support.
  2. You can contact SocietyOne by email at [email protected].
  3. Live Chat: SocietyOne offers a live chat option for quick and convenient service on their website.
  4. Social media: You may contact SocietyOne through their social media profiles on sites like Facebook and Twitter.
  5. Postal Mail: SocietyOne Australia Pty Ltd, Level 7, 55 Clarence St, Sydney NSW 2000, Australia, is the company's postal address.

Frequently Asked Questions

How good is SocietyOne?

Individual experiences and preferences determine the effectiveness of SocietyOne as a provider of financial services. However, SocietyOne has garnered generally favourable evaluations for its streamlined loan application procedure, aggressive interest rates, and quick loan disbursal as a peer-to-peer lender. It is regarded as a key player in the Australian peer-to-peer lending sector.
However, utilising SocietyOne may have risks and disadvantages, just like using any financial institution. Before choosing a choice, careful research and options comparison is essential. A financial advisor should be consulted as well if you want specific guidance.

Who is the owner of SocietyOne?

In August 2011, Andy Taylor, Matt Symons, and Greg Symons established SocietyOne. Former senior Westpac banker Jason Yetton was appointed CEO in March 2016, and the business expanded during his leadership.

How do I contact SocietyOne?

The phone number to call to reach SocietyOne is 1300 883 083. Monday through Friday, 9:00 AM to 5:00 PM (AEDT), they offer customer support. also has an email address: [email protected].

What is the minimum balance for SocietyOne?

One may borrow between $5,000 and $50,000 for unsecured personal loans and between $5,000 and $70,000 for secured personal loans.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

Disclaimer:

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