3.6 / 10

based on 5 Plenti 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 12 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee  
Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

$399

Go to site
Personal Loan (Unsecured, Fixed over 6-7 years, Excellent Credit)

8.59% p.a.to 9.69% p.a.

8.59% p.a.to 10.62% p.a.based on $30,000
over 5 years

$0

Personal Loan (Unsecured, Fixed over 6-7 years, Good Credit)

10.99% p.a.to 14.89% p.a.

12.00% p.a.to 16.31% p.a.based on $30,000
over 5 years

$399

Personal Loan (Unsecured, Fixed over 6-7 years, Very Good Credit)

9.69% p.a.to 10.99% p.a.

10.62% p.a.to 12.0% p.a.based on $30,000
over 5 years

$249

Personal Loan (Unsecured, Fixed, Excellent Credit)

6.39% p.a.to 8.69% p.a.

6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years

$0

Go to site
Personal Loan (Unsecured, Fixed, Good Credit)

9.99% p.a.to 13.89% p.a.

10.99% p.a.to 15.3% p.a.based on $30,000
over 5 years

$399

Personal Loan (Unsecured, Fixed, Very Good Credit)

7.89% p.a.to 9.99% p.a.

8.80% p.a.to 10.99% p.a.based on $30,000
over 5 years

$249

Personal Loan (Unsecured, Variable, Excellent Credit)

6.39% p.a.to 7.89% p.a.

6.39% p.a.to 9.9% p.a.based on $10,000
over 3 years

$0

Personal Loan (Unsecured, Variable, Good Credit)

9.99% p.a.to 12.89% p.a.

12.03% p.a.to 16.33% p.a.based on $10,000
over 3 years

$399

Personal Loan (Unsecured, Variable, Very Good Credit)

7.89% p.a.to 9.99% p.a.

9.90% p.a.to 12.03% p.a.based on $10,000
over 3 years

$249

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

5.29% p.a.to 9.99% p.a.

5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years

$399

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

5.29% p.a.to 9.99% p.a.

5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years

$399

RateSetter car loan FAQs

What is a fixed rate?

It’s simply a 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.

What does “unsecured” mean?

It 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 RateSetter loan to buy a preloved car?

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

How much can I borrow?

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?

No, RateSetter only issues monthly loan bills to customers.

How long can my loan contract go for?

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, RateSetter doesn’t have break costs attached to its loans at all.

What’s the car loan application process like?

It 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. RateSetter 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
9.0/10
Price
Customer service
Convenience
Trust

1 Reviews

Recent Plenti car loan reviews

Plenti Car Loan review
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 1 year ago

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