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Plenti Personal Loans
By Bria Horne
- Interest Rate (p.a.)
- 6.57% to 24.09%
- Comp. Rate (p.a.)
- 6.57% to 26.28%
- Min Loan Amount
- $5,000
Summary
With Plenti Personal Loan and Excellent Credit, you can borrow up to $50,000, with interest rates starting from 6.57% p.a. Application fees may apply.
Plenti provides risk-based personal loans, meaning your interest rate will be based on your credit history and financial situation. You can receive a rate estimate before you apply.
Turnarounds are fast and loan terms depend on whether you opt for a fixed or variable rate. 

If your credit history includes any defaults, bankruptcies or if your income is less than $30,000 or if you have been employed for less than 3 months, Plenti are unlikely to approve your loan.
Pros
-
Easy online application
-
Low interest rates to reward good borrowers
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No monthly fee and early repayment fees
Cons
-
Application fee up to $595
Details
Unsecured Fixed Personal Loan
| Product Name | Plenti Personal Loan |
| Interest Rate (p.a.) | 6.57% to 24.09% |
| Comp. Rate (p.a.) | 6.57% to 26.28% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
Unsecured Variable Personal Loan
| Product Name | Plenti Variable Rate Personal Loan |
| Interest Rate (p.a.) | 6.57% to 24.09% |
| Comp. Rate (p.a.) | 6.57% to 26.28% |
| Interest Rate Type | Variable |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
How does the Plenti Personal Loan work?
Personal loans from Plenti are funded by individuals or investors, rather than a bank. For this reason, Plenti is able to tailor interest rates to borrowers based on the amount they apply for, the loan term and the details provided in their application. Fees for Plenti's personal loans also vary depending on the loan term and loan amount.You can apply for up to $50,000 and loan terms of up to 7 years are available.
How to apply
If you think you'd like to apply for a Plenti personal loan, simply click "Go to site" to go to the lender's site directly and submit an application. Get your personal, financial and employment details to handBe aware that Plenti have strict eligibility criteria that include:
- An Australian citizen or Australian permanent resident
- Aged 21 or over
- Able to prove a regular source of income over $30,000
- Employed in current role for more than 3 months
- Have a very good credit history for the last two years with no defaults
- You're not in financial hardship with other financial providers
- You do not have pending, current or previous bankruptcy
Remember that while Plenti offers competitive rate financing, it's still a good idea to compare your personal loan options, prior to submitting an application.
Features of this loan
Personal loans from Plenti include a range of features. These are:- Loan amount. Borrow from $5,000 to $50,000.
- Interest rate type. Variable or fixed rate options are available.
- Loan term. Fixed rate loans have terms from 3 to 7 years, whereas variable rate loans have terms from 1 to 3 years.
- Unsecured and secured options. Depending on your circumstances and preferences, you can opt for either a secured or an unsecured personal loan.
- Rate estimate. Secure a rate estimate before you submit a full application, without affecting your credit score.
- Range of loan purposes. Whether you want to take a trip away, pay for a wedding or renovate your home, a personal loan from Plenti could help.
- Penalty-free extra repayments. Making additional repayments or repaying your loan early can save you money over the life of the loan. And Plenti will never charge you for doing so.
- Fast turnaround. Get your rate estimate in as little as 3 minutes, find out if you're approved within 1 business day, and expect funds in your account 1 business day after accepting your loan contract.
- Online account management. To manage your account you can simply log in to your Plenti account online.
How much does the Plenti Personal Loan cost?
- Interest rate. From 6.57% p.a. to 24.09% p.a. based on your credit rating and Plenti's eligibility criteria.
- Comparison rate. From 6.57% p.a. to 26.28% p.a. (based on an unsecured loan of $10,000 repaid over 36 months with an excellent credit history).
- Application fee. $0 to $595.
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