SocietyOne Debt Consolidation – review 2026
Pros
- Competitive rates from 6.99% p.a. for strong credit profiles
- Fixed rate provides repayment certainty over the loan term
- No early repayment penalty
- Established lender operating since 2012
- Risk-based pricing rewards creditworthy applicants
Cons
- Monthly fee of AUD 10 adds to total cost over the loan term
- Establishment fee of AUD 495
- Minimum loan of AUD 5,000
- Maximum 60-month term shorter than some competitors
- Rates up to 25.99% p.a. for lower credit tiers may not produce savings
SocietyOne Debt Consolidation Review
SocietyOne's debt consolidation loan allows borrowers to combine multiple debts into a single fixed-rate loan from AUD 5,000 to AUD 50,000 with terms from 24 to 60 months. The lender's risk-based pricing model means borrowers with strong credit histories may access rates at the lower end of the 6.99% p.a. to 25.99% p.a. range.
SocietyOne assesses each application under ASIC's responsible lending obligations and must determine that consolidation is not unsuitable for the applicant's financial situation and objectives.
Requirements
- Australian citizen or permanent resident
- Minimum age 21 years
- Minimum income AUD 30,000 p.a.
- 100 points of ID required
- No defaults in the past two years
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.