Plenti Personal Loans



Plenti Personal Loan

Plenti is one of the established fintech lenders in Australia offering fairer and quick loans with the help of smart technology. The platform uses technology to provide their creditworthy customers having changing preferences, with automotive, renewable energy and personal loans to render a required shape to their big ideas. Since its establishment in 2014, loan originations of Plenti have increased consistently, supported by diversified distribution channels and funding, loan products, and strengthened by exceptional credit performance and constant innovation. The company was listed on ASX in September 2020.

Plenti Personal Loans Rates

Rate of Interest:6.69%
Comparison Rate:7.39%

Need Home Loan Assistance?


Pros & Cons-Plenti


  • Home Loan for Self-Employed.
  • Signup Fees.
  • Customer Support.


  • Strict Age Restrictions.
  • Strict lending policies.
  • High Property Value for First Home Buyers.

About Plenti Personal Loan

Plenti provides a peer-to-peer lending service that connects borrowers and investors in Australia. In other words, they help Australians bring their big ideas to life with faster, fairer personal loans. They proudly offer various products to suit different needs and situations, such as debt consolidation, home renovation, car purchase, renewable energy, travel plans, medical expenses, wedding expenses, and many more.

As a result, Plenti has originated more than $3.5 billion in loans since its establishment and helped more than 27,000 investors earn strong, stable returns by investing in loans to creditworthy Australians. With the aid of smart technology, continual innovation, diversified distribution channels and funding, Plenti Personal Loan is an exceptional choice for (almost) any of your financial requirements. 

Pros & Cons of Plenti Personal Loan

Based on the Plenti personal loan review from various rating websites, here are some significant pros and cons:


  • Plenti personal loans are funded by individuals or investors rather than a bank, which allows them to tailor interest rates to borrowers based on their credit history and financial situation. 
  • Plenti offers feature-rich personal loans that include low-interest rates, no monthly fees or early repayment fees, redrawing facility, multiple repayment options, and more.
  • Simple, speedy, and more personalised loan process, making your big idea happen sooner. 
  • Plenti personal loan reviews from customers are highly positive, showing remarkably 5-star ratings on popular rating websites such as Google, Product Review, and Trustpilot.


  • Depending on the loan amount and term, you may be charged an application fee ranging from $0 to $595.
  • Plenti imposes strict eligibility criteria, demanding a very good credit history for the past two years, with no defaults, bankruptcies, or instances of financial hardship.
  • To qualify for a Plenti personal loan, you must demonstrate a regular source of income exceeding $30,000 and have been employed in your current role for more than 3 months.

Features & Benefits of a Plenti personal loan

Here are the key features and benefits of Plenti personal loans: 

  • Plenti personal loans offer a diverse range of products that perfectly align with your unique needs and situations.
  • Generous loan amounts of up to $50,000 for their standard personal loans. However, if you opt for a secured car loan, you have the opportunity to access even higher amounts, up to $100,000.
  • Plenti offers attractive interest rates starting from just  6.57% p.a.
  • Plenti allows you to choose a loan term that ranges from 1 to 7 years.
  • Plenti personal loans are completely digital. I.e., the entire process can be completed online, and it only takes a few minutes. 
  • The loan amount will be credited to your bank account within 2 days after you submit the loan application.
  • You have the liberty to choose between a fixed rate, which allows you to lock in your repayments, or a variable rate, providing you with more flexibility in repayment.
  • You have the option to secure your loan with your car or other assets to enrich your borrowing power. Alternatively, you can opt for an unsecured loan if you don't have any collateral.

Eligibility Criteria 

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

  • Be an Australian citizen or permanent resident
  • Be aged 21 or over
  • Be earning over $25,000 per year from a regular source of income that you can demonstrate, or able to prove a regular source of income over $30,000
  • Have a good credit history for the last two years with no defaults
  • Be employed in your current role for more than 3 months
  • Not be in financial hardship with other financial providers
  • Not have pending, current or previous bankruptcy

How to Apply for a Plenti Personal Loan?

To apply for a Plenti personal loan, you need to follow these steps:

  • Visit the Plenti website and choose the type of loan you want, such as an unsecured personal loan, car loan, green loan, etc.
  • Use the online calculator to estimate your interest rate and repayments based on your loan amount, term, and credit score.
  • Click the “Apply now” button and complete the online application form with your personal, financial, and employment details.
  • Upload the required documents, such as your ID, proof of income, bank statements, and vehicle details (if applicable).
  • Wait for Plenti to assess your application and verify your information. This may take up to two business days.
  • Accept the loan contract and receive the funds in your bank account if approved.

Documents Required for Plenti Personal Loan

The documents required for Plenti personal loan depend on the type of loan you are applying for and your personal circumstances. However, some of the common documents you may need to provide are

  • Proof of identity: Driver's licence, passport, or Medicare card.
  • Proof of income: Payslips, bank statements, tax returns, or Centrelink statements.
  • Proof of address: Utility bills, rental agreement, or council rates notice.
  • Proof of asset/vehicle: Car registration certificate, insurance policy, and purchase invoice (if you are applying for a car loan)

Plenti Personal Loan Calculator 

A Plenti personal loan calculator is an online tool that helps you estimate your interest rate and monthly repayments for a Plenti personal loan. You can use the calculator to see how different loan amounts, terms, and credit scores affect your borrowing costs. Moreover, it lets you compare different types of Plenti personal loans, such as unsecured, car, green, or renovation loans. 

To use the Plenti personal loan calculator, you need to enter some basic information, such as your desired loan amount, term, credit score, and the type of loan you are interested in. In a matter of seconds, the calculator will show you your estimated interest rate, comparison rate, monthly repayment, and total repayment for the loan.

Customer Service Plenti personal loan

Plenti provide a range of communication channels for customer service, including phone, email, postal address, and online contact options. Here are the available ways to get in touch with them:

  • Customer Support: 1300 768 710 or +61 2 8776 3564 (from Monday to Friday, 9.00 am to 5.30 pm AEDT)
  • Email id: [email protected]
  • Official website:
  • Head office: Level 5, 14 Martin Place, Sydney NSW 2000
Postal Address: Plenti, PO Box R745, Royal Exchange NSW 1225

Frequently Asked Questions

What is the interest rate of a personal loan in Plenti?

The typical interest rates of a Plenti personal loan range from 6.57% p.a. to 24.09% p.a.

What is the minimum and maximum loan amount for a Plenti personal loan?

Generally, with Plenti personal loan, you can borrow loan amounts ranging from $5,000 to $50,000. However, when it comes to car loans, you have the option to borrow up to $100,000.

What is the loan term for a Plenti personal loan?

The repayment term ranges from 1 to 7 years.

How can I calculate my Plenti personal loan repayments using the loan calculator?

You simply need to input some fundamental details, including your preferred loan amount, loan term, credit score, and the type of loan you are interested in. Within a moment, the calculator will generate an estimate of your monthly repayments and the total repayment amount of the loan.

How does Plenti customer service support customers with their personal loans?

According to Google reviews, Plenti’s customer service team is dedicated and well-trained, offering support throughout the entire process, from submitting the loan application to closing. Their prompt, attention to detail, and personalised care ensures a smooth and delightful loan process.

What happens if I miss a payment on my Plenti personal loan?

If you miss a payment on your Plenti personal loan, you may face some consequences following:

  • A late payment fee of $20 to $35, depending on the loan amount and term.
  • A negative impact on your credit score and history may affect your ability to borrow in the future.
  • A higher interest rate or a lower credit limit on your loan if you have a variable-rate loan with Plenti.
  • A possible legal action or debt collection from Plenti is if you default on your loan or fail to communicate with them.

Can I get a Plenti personal loan if I have bad credit or no credit history?

You may only be able to get a Plenti personal loan if you have good credit or credit history. Plenti enforces stringent eligibility criteria, necessitating a very good credit history for the past two years without any defaults, bankruptcies, or financial hardship.


The website provides general information about various loan products, insurance products, credit scores & links to other websites or resources over which does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that is providing this information & links only as a convenience, and further agree that is not responsible for the veracity of such information. Please note that you before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs. Confirm all product information directly with the provider of resepctive financial product before making a purchase decision. If you decide to acquire a financial product, you will deal directly with the provider and not with Urban Money Oceania and that neither nor its directors, employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website. And further that users use of links to such external websites are subject to the terms of use and privacy policies located on those sites.