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Online Lender: Plenti


plenti logo

Product Highlights

  • Loans from $2,000 to $100,000
  • Up to 7 years

Company Brief

Plenti Australia is a technology-led consumer lending and investment company that operates as a leading online marketplace lender. They provide innovative financial solutions to individuals and businesses, aiming to make borrowing and investing easier and more rewarding for everyone.

With a customer-centric approach and smart technology, Plenti offers personal loans with borrowing amounts starting from $5,000 up to $50,000. Their loan products have competitive rates and flexible terms to cater to diverse financial needs.

Type of Loans Offered by Plenti

  • Personal loans

Plenti personal loans range from $5,000 to $50,000 and can be used for a variety of purposes, including travel, home renovation, debt consolidation, medical expenses, car loans, and wedding expenses. Interest rates start at 6.57% p.a. and repayment terms range from 12 months to 7 years.

  • Green loans

Plenti green loans range between $2,000 to $45,000 and can be used to finance the purchase of renewable energy products, such as solar panels or batteries. Interest rates start at 9.49% p.a. With monthly fees of $8.99 and repayment terms ranging from 3 years to 7 years.

  • Car Loans

Plenti car loans range from $10,000 to $100,000 and can be used to help you pay for your education. Interest rates start at 7.49% p.a. and repayment terms range from 12 months to 7 years.

Other Loan Fees

  • A flat fee that applies regardless of the value of the loan
  • A tiered fee based on the total amount borrowed
  • A percentage fee based on the total amount borrowed and the credit risk of the customer
  • A hybrid fee
  • The loans include a once-off Credit Assistance Fee, which is payable to Plenti for assisting with your loan
  • When you request a RateEstimate, they will provide you with an estimate of the upfront fees and charges that may apply to your Plenti loan. These fees and charges are included in your monthly repayment.
  • There is no specific default fees and early repayment fees mentioned

Note: All information included here on Friendly Finance is accurate and in line with the data provided on Plenti’s website as of November 2023.

Plenti Application Process

How to Apply

To apply for a personal loan with Plenti, you can follow these 3 easy steps:

  • Step 1: Get a Rate Estimate – Visit Plenti’s website and complete a simple rate estimate form. This will give you an idea of the interest rate and loan amount you may qualify for.
  • Step 2: Complete the Application – If you’re satisfied with the rate estimate, you can proceed to complete the full application online. This involves providing personal and financial details, as well as supporting documentation.
  • Step 3: Approval and Funding – Once you submit your application, Plenti will review it and assess your eligibility. If approved, you will receive the loan contract, which you can review and sign electronically. Once the contract is signed, the loan funds will be transferred to your nominated bank account.

Eligibility Requirements

To be eligible for a loan from Plenti, you must meet the following criteria:

  • Age: You must be aged 21 or over.
  • Citizenship/Residency: You should be an Australian citizen or permanent resident.
  • Income: You need to have a regular source of income that can be demonstrated, with an annual income of at least $25,000.
  • Credit History: It is important to have a good credit history.

Meeting these eligibility requirements increases your chances of being approved for a personal loan with Plenti. However, please note that meeting the eligibility criteria does not guarantee loan approval. The final decision is subject to Plenti’s assessment of your application, which considers various factors, including your financial situation and creditworthiness.

Maximum Loan Amounts

The maximum loan amount you can borrow with Plenti depends on your creditworthiness and the purpose of your loan. For most borrowers, the maximum loan amount is $50,000.

How is the money transferred?

Once your loan application has been approved and you have accepted the loan contract with Plenti, the funds will be transferred the following business day. The transfer process typically takes one to two business days for the funds to arrive in your nominated account.

Need help?

If you need further assistance or have specific questions about Plenti’s application process, eligibility requirements, maximum loan amounts, or any other inquiries, you can reach out to Plenti directly through their website’s contact form. You may also call customer Support at 1300 768 710 or +61 2 8776 3564 from 9:00 am to 5:30 pm AEDT, or email them at contact@plenti.com.au.

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Notable Loan Product Features

  • Rate Estimate: Plenti provides a rate estimate for their loans, allowing borrowers to get an idea of the interest rate they may qualify for.
  • Flexible Loan Amounts: Plenti provides loans ranging from $5,000 to $50,000, allowing customers to borrow an amount that suits their specific needs.
  • Competitive Interest Rates: Plenti offers competitive interest rates on their loans, which can vary depending on factors such as the loan amount, term, and creditworthiness of the borrower.
  • Personalised Loan Terms: Borrowers have the flexibility to choose the loan term that works best for them, typically ranging from 6 months to 7 years. This allows borrowers to select a repayment schedule that aligns with their financial goals and capabilities.
  • Quick Online Application Process: Plenti AU’s loan application process is streamlined and can be completed entirely online. This enables borrowers to apply for a loan conveniently from the comfort of their homes and receive a prompt decision.
  • Loan Protection Options: Plenti offers optional loan protection insurance, providing borrowers with added financial security in case of unforeseen events such as illness, disability, or involuntary unemployment.

It’s important to note that loan features can vary based on individual circumstances and Plenti’s specific loan products. It’s recommended to visit their official website or contact them directly for the most up-to-date and detailed information.

The Company: Plenti

plenti logo


  • The quick and easy application process
  • Competitive interest rates
  • Quick loan approval
  • Great customer service


  • Expensive late payment fees and upfront fees

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