Personal loan disruptor hits a new milestone

Society One has now facilitated $100 million in personal loans since launching in 2013. Society One reported $30 million of new lending in the March quarter, indicating a sharp acceleration of its growth rate.

More than 3300 Australian borrowers have now used the Society One platform to find a personal loan.

Society One and other ‘peer to peer’ lenders have shaken up the personal loan market in Australia over the last three years with competitive rates based on borrower’s credit ratings.

Source: Banking Day