SocietyOne charges a variety of fees for their car finance and personal loan products, most of which depend on the size of the loan. 

As with all car loan lenders, these fees are automatically calculated and included in the monthly repayment shown at the time of your instant quote. This is why monthly repayment is the best point of comparison when deciding which lender to choose when you're looking for a great rate.

SocietyOne’s fees include:

• Establishment fees: $595
• Monthly fee: None
• Early repayment fees: None

Don't forget that every lender charges fees and that these charges (including any money that lenders pay to Driva) are already built into personalised quotes. The monthly repayment figure you see is exactly what will come out of your account each month and fully inclusive of all costs (bye bye hidden fees!).

SocietyOne pays us for sending them high-quality customers. This payment, referred to as brokerage, can be up to $990. As with all lender fees, these are not payable from you to Driva directly and are not required to be paid upfront. Rather, SocietyOne incorporates them into your total loan amount, which is paid off over the life of the loan.

All car loan brokers have access to the same interest rate for SocietyOne personal loans. If you decide to apply through Driva, we can also match the rate you would receive from SocietyOne by going directly, regardless of the loan term. 

If you're seeing lower interest rates somewhere else, it could well be because other brokers are showing generic comparison rates that will be increased later in the process, when it comes to signing the loan contract.

If you still think our rates are higher than you’re seeing them elsewhere, we’d love to hear from you. Email us at contact@driva.com.au

SocietyOne functions as a wholly owned subsidiary of MoneyMe Ltd., which is listed on the Australian Securities Exchange (ASX). MoneyMe Ltd. is known for its innovative approach to finance, and its ownership of SocietyOne further emphasises a commitment to providing diverse and personalised lending solutions. More details about MoneyMe and its leadership team can be found on MoneyMe's official website, or you can explore SocietyOne's offerings directly through Driva.

SocietyOne is not classified as a payday lender. Unlike payday lenders, who often offer short-term credit for small amounts at high fees and interest rates, SocietyOne focuses on providing a wider range of financial products with competitive terms. Rather than catering to the 'last resort' segment of lending, SocietyOne's offerings include personal loans designed with more favourable and transparent terms. SocietyOne's lending approach emphasizes responsible lending practices, aligning with a broader financial strategy that can be further explored on the Driva platform.