SocietyOne surpass $500m in lending by September 2018

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SocietyOne

SocietyOne Australia’s first peer-to-peer P2P lender reported it will surpass $500 million by September

  • SocietyOne with 20,000 customers and $480 million in loans from investors on its platform, celebrating its sixth anniversary this month
  • Users can borrow between $5,000 to $50,000 for unsecured, personal loans for two, three, or five year terms
  • SocietyOne provides marketplace lending thereby borrowers get better rates and investors get solid returns
  • The company offers borrowers personalized repayment programmes with lower interest rates than major banks
  • The company focus on improvement in margins and disciplined cost management