based on 7 Plenti product reviews as rated by Mozo community

Plenti car loans

RateSetter is an Aussie peer to peer provider with one unsecured loan to offer those in need of a new or preloved car. If you’re looking to borrow from an alternative to the major banks, start your RateSetter research using the comparison table, FAQs and answers below. Need to compare more loans? Return to Mozo’s car loan hub where you’ll have plenty of competitive financing options to browse through.

Plenti offers the following car loans

Rates and fees verified as correct at 22 April 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
EV New Car Loan (Fixed)

6.69% p.a.to 7.99% p.a.

7.24% p.a.to 8.55% p.a.based on $30,000
over 5 years

$249.00

New Car Loan (Fixed)

7.19% p.a.to 8.49% p.a.

7.75% p.a.to 9.05% p.a.based on $30,000
over 5 years

$249.00

Personal Loan (Unsecured, Fixed, Average Credit)

14.99% p.a.to 17.99% p.a.

17.22% p.a.to 20.75% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Fixed, Below Average Credit)

19.99% p.a.to 24.09% p.a.

21.76% p.a.to 26.28% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Fixed, Excellent Credit)

7.99% p.a.to 8.99% p.a.

7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years

$295.00

Personal Loan (Unsecured, Fixed, Exceptional Credit)

6.57% p.a.

6.57% p.a.based on $10,000
over 3 years

$295.00

Personal Loan (Unsecured, Fixed, Good Credit)

12.49% p.a.to 14.99% p.a.

15.20% p.a.to 16.71% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Fixed, Very Good Credit)

9.99% p.a.to 12.79% p.a.

11.66% p.a.to 14.49% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Variable, Average Credit)

14.99% p.a.to 17.99% p.a.

16.71% p.a.to 20.75% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Variable, Below Average Credit)

19.99% p.a.to 24.09% p.a.

21.76% p.a.to 26.28% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Variable, Excellent Credit)

7.99% p.a.to 8.99% p.a.

7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years

$295.00

Personal Loan (Unsecured, Variable, Exceptional Credit)

6.57% p.a.

6.57% p.a.based on $10,000
over 3 years

$295.00

Personal Loan (Unsecured, Variable, Good Credit)

12.49% p.a.to 14.99% p.a.

14.19% p.a.to 16.71% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Variable, Very Good Credit)

9.99% p.a.to 12.79% p.a.

11.66% p.a.to 14.49% p.a.based on $10,000
over 3 years

$595.00

Refinance Car Loan (Fixed, up to 7 years old)

7.19% p.a.to 12.99% p.a.

7.54% p.a.to 13.58% p.a.based on $30,000
over 5 years

$249.00

Used Car Loan (Fixed, up to 7 years old)

8.99% p.a.to 12.99% p.a.

9.90% p.a.to 13.92% p.a.based on $30,000
over 5 years

$249.00

FAQs about Plenti Car Loans

What is a fixed rate?

It’s simply an interest rate you can count on staying as it is while you repay your loan, meaning you’ll know what loan repayments will look like when you first borrow the money. Plenti offer variable and fixed rate car loans. 

What does “unsecured” mean?

Unsecured loan means you don’t need to include your car into the loan contract as collateral. Sometimes, lenders will require security in return for a lower rate, so they can repossess it if the customer cannot commit to the loan financially.

Can I use a Plenti loan to buy a preloved car?

Yes. In fact, you can buy any set of wheels you like with Plenti, as there’s no security requirement.

How much can I borrow with a Plenti Car loan?

Up to $35k, a half decent sum to buy your ride to work. If you want to purchase a pricey set of wheels, visit our car loans hub where some loans listed can exceed $100k.

Can I choose my billing cycle?

Penti only issues monthly loan bills to customers.

How long can my loan contract go for?

Plenti has a range of car loan terms from 6 months to 5 years.

Can I pay off my loan faster?

Sure can, and additional loan repayments are fee-free too! Just keep in mind there is no redraw facility.

What will happen if I clear my debt early?

Unlike some fixed rate loans in the market where penalties kick in for early loan payouts, Plenti doesn’t have break costs attached to its loans at all.

What’s the car loan application process like?

The application with Plenti involves filling out an online form in under 10 minutes. You’ll need to be credit-worthy though, plus not have faced bankruptcy in the past 7 years. Details to provide when you apply include...

  • Your driver’s licence or passport
  • Employment info and income figure
  • Residential address in Australia

Once you’ve sent your details through, the turnaround is quick. Plenti may even tell you the outcome in a matter of minutes. Before you know it, you’ll be ready to buy that shiny new or used car!

How are Plenti car loans rated?

Mozo users have rated Plenti car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-loans
Plenti car loans
Overall
Price
Features
Customer service
Convenience
Trust

3 Reviews

Recent Plenti car loan reviews

Plenti New Car Loan (Fixed)
Overall 1/10
Ridiculously expensive in fees and misleading

Additional costs galore. They are the most expensive option for refinance. I definitely would not recommend. Their payout letters are deceptive - their payout figures are not inclusive of all costs.

Read full review

Additional costs galore. They are the most expensive option for refinance. I definitely would not recommend. Their payout letters are deceptive - their payout figures are not inclusive of all costs.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Jody, New South Wales, reviewed 9 months ago
Plenti New Car Loan (Fixed)
Overall 10/10
Plenti- on the money

My car loan is through Plenti at 40 I had never had a car loan and no credit rating and the took me on with a great rate, over 7 years and no early exit fee if I pay it off sooner and leave early. The staff were lovely, helpful through the process and great follow up.

Read full review

My car loan is through Plenti at 40 I had never had a car loan and no credit rating and the took me on with a great rate, over 7 years and no early exit fee if I pay it off sooner and leave early. The staff were lovely, helpful through the process and great follow up.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Rebecca, New South Wales, reviewed over 1 year ago
Plenti Car Loan
Overall 9/10
Competitive P2P lending and better loan rate.

Cheaper loan rate if you have excellent credit rating.

Read full review

Cheaper loan rate if you have excellent credit rating.

Price
5/10
Customer service
9/10
Convenience
4/10
Trust
9/10
Less
Paul, New South Wales, reviewed over 4 years ago
See all car loan reviews
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