3.6 / 10

based on 5 Plenti reviews as rated by Mozo community

Plenti personal loans

Technology-led lender Plenti, formerly RateSetter, has been lending to Australians at competitive rates since it first launched into the personal loan market in 2014. The alternative lender to the big four is regulated by ASIC and propped up by the international Plenti Group.

So whether you need a personal loan to consolidate debt or as an addition to your wedding fund for a stress-free day, the Plenti unsecured personal loan could be exactly what you’re looking for.

Plenti offers the following personal loans

Rates and fees verified as correct at 21 June, 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)

7.39% p.a.to 8.49% p.a.

7.39% p.a.to 9.19% 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.

11.93% p.a.to 16.01% p.a.based on $30,000
over 5 years

$199

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

8.49% p.a.to 10.99% p.a.

9.19% p.a.to 11.93% p.a.based on $30,000
over 5 years

$199

Personal Loan (Unsecured, Fixed, Excellent Credit)

5.44% p.a.to 7.49% p.a.

5.44% p.a.to 8.19% p.a.based on $30,000
over 5 years

$0

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

8.59% p.a.to 13.89% p.a.

9.51% p.a.to 15.0% p.a.based on $30,000
over 5 years

$199

Personal Loan (Unsecured, Fixed, Very Good Credit)

7.49% p.a.to 9.99% p.a.

8.19% p.a.to 10.92% p.a.based on $30,000
over 5 years

$199

Personal Loan (Unsecured, Variable, Excellent Credit)

5.44% p.a.to 7.49% p.a.

5.44% p.a.to 9.16% p.a.based on $10,000
over 3 years

$0

Personal Loan (Unsecured, Variable, Good Credit)

8.59% p.a.to 11.89% p.a.

10.27% p.a.to 13.61% p.a.based on $10,000
over 3 years

$199

Personal Loan (Unsecured, Variable, Very Good Credit)

7.49% p.a.to 8.59% p.a.

9.16% p.a.to 10.27% p.a.based on $10,000
over 3 years

$199

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

Plenti personal loans overview

Fixed Rate Personal Loan: 

Plenti offers a fixed rate personal loan that is unsecured, meaning the rate stays as is through the loan term and you don’t secure it to an asset like a car. This personal loan could work for you if you have a strict budget and could do without an unfavourable rate change. Depending on your financial circumstances, you can borrow up to $35,000. During the application process, Plenti will decide on an appropriate loan term for you, which can vary between six months to five years. Unlike many other loans, the Plenti personal loan doesn’t have monthly fees attached, so you only have to budget for those monthly repayments plus the fixed interest rate. Another positive is you can top up your repayments and pay it all off early at no extra cost.

Plenti personal loan features at a glance

Repayment flexibility: With a Plenti personal loan you have the flexibility to choose the date of your monthly repayment cycle. And if you need to adjust dates during your loan term, you can apply to do that too.

Fee free extra repayments: One other benefit of choosing the Plenti fixed rate personal loan is your ability to make extra loan repayments free of charge.

No break cost: If you’re able to pay off your personal loan before the loan term is complete, Plenti lets you without an additional fee.

No monthly fees: Monthly account-keeping fees can be a hassle, but if you take out Plenti’s personal loan, you won’t come across them.

How do you apply for a Plenti personal loan?

If you want to apply for a Plenti personal loan, all you need to do is head over to their website to get a “RateEstimate”, which is essentially a quote for the loan amount you are eligible for including an initial start up fee and interest rate. What you are quoted will depend on your credit history, and there is no obligation to proceed when you’re given this information.

Once you are satisfied with your RateEstimate, you can continue the online application and you’ll be almost there. Plenti will get back to you within 24 hours to let you know if the loan has been approved. If you do get the green light, the money will be transferred into your account one day later.

To apply for a personal loan with Plenti you will need:


How are Plenti personal loans rated?

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

Icon of personal-loans
Plenti personal loans
Overall
2.3/10
Price
Features
Customer service
Convenience
Trust

4 Reviews

Recent Plenti personal loan reviews

Plenti Personal Loan review
Overall 1/10
Go elsewhere.

Just cannot trust this company. To say the customer service is bad is one thing, but in actual fact my experience is that the advice given by this company is deceptive and untrustworthy to coerce you into taking loans or making agreements that are to your detriment.

Read full review

Just cannot trust this company. To say the customer service is bad is one thing, but in actual fact my experience is that the advice given by this company is deceptive and untrustworthy to coerce you into taking loans or making agreements that are to your detriment.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Gabrielle, Victoria, reviewed 2 months ago
Plenti New Car Loan (Fixed) review
Overall 1/10
Hidden Fees & Brokerage - Lies & Deceitful

Its a bad joke, hidden fees / deceptive interest rates & sneaky brokerage. A network of lies.

Read full review

Its a bad joke, hidden fees / deceptive interest rates & sneaky brokerage. A network of lies.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Derek, Queensland, reviewed 4 months ago
Plenti Personal Loan review
Overall 2/10
Plenti of Problems and Lies.

The rates are border line higher than the actual banks. Also they sting you with hidden fees associated with your risk tier along with the sneaky broker fees that aren't explained in full. They actively go out of their way to not mention broker fees nor even their risk assurance charge. Comparison rate as well sky rockets compared to competitor rates with higher base rates but lower comparison. Customer service is based in Manilla and it's hard to communicate with someone else. Also fees are deceptive - 700+ for car loan plus 1400 broker fee.

Read full review

The rates are border line higher than the actual banks. Also they sting you with hidden fees associated with your risk tier along with the sneaky broker fees that aren't explained in full. They actively go out of their way to not mention broker fees nor even their risk assurance charge. Comparison rate as well sky rockets compared to competitor rates with higher base rates but lower comparison. Customer service is based in Manilla and it's hard to communicate with someone else. Also fees are deceptive - 700+ for car loan plus 1400 broker fee.

Price
4/10
Features
3/10
Customer service
2/10
Convenience
2/10
Trust
2/10
Less
Derek, Queensland, reviewed 9 months ago
Plenti Personal Loan review
Overall 5/10
Try to trick you with quick decision.

Get you in with a pretend interest saying it's 8.99% when in reality it’s 16.99%.

Read full review

Get you in with a pretend interest saying it's 8.99% when in reality it’s 16.99%.

Price
7/10
Features
5/10
Customer service
8/10
Convenience
9/10
Trust
4/10
Less
Wendy, New South Wales, reviewed over 1 year ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Personal loan quick links