4.1/10

Based on 7 Plenti product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 peer-to-peer lender is an alternative to the big four. It is regulated by ASIC and propped up by the international Plenti Group.

So whether you need a personal loan to consolidate debt, for a new set of wheels 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 23 June 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 10.99% p.a.

7.82% p.a.to 13.65% p.a.based on $30,000
over 5 years

$249.00

Personal Loan (Unsecured, Fixed, Average Credit)

15.49% p.a.to 18.99% p.a.

16.31% p.a.to 19.84% p.a.based on $10,000
over 3 years

$545.00

Personal Loan (Unsecured, Fixed, Below Average Credit)

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

20.85% p.a.to 24.09% p.a.based on $10,000
over 3 years

$545.00

Personal Loan (Unsecured, Fixed, Excellent Credit)

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

7.99% p.a.to 9.76% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Fixed, Exceptional Credit)

6.57% p.a.

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

$345.00

Personal Loan (Unsecured, Fixed, Good Credit)

12.99% p.a.to 14.99% p.a.

13.79% p.a.to 15.81% p.a.based on $10,000
over 3 years

$575.00

Personal Loan (Unsecured, Fixed, Very Good Credit)

9.99% p.a.to 12.49% p.a.

10.77% p.a.to 13.29% p.a.based on $10,000
over 3 years

$595.00

Personal Loan (Unsecured, Variable, Average Credit)

15.49% p.a.to 18.99% p.a.

16.31% p.a.to 19.84% p.a.based on $10,000
over 3 years

$545.00

Personal Loan (Unsecured, Variable, Below Average Credit)

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

20.85% p.a.to 24.09% p.a.based on $10,000
over 3 years

$545.00

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

$595.00

Personal Loan (Unsecured, Variable, Exceptional Credit)

6.57% p.a.

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

$345.00

Personal Loan (Unsecured, Variable, Good Credit)

12.99% p.a.to 14.99% p.a.

13.79% p.a.to 15.81% p.a.based on $10,000
over 3 years

$575.00

Personal Loan (Unsecured, Variable, Very Good Credit)

9.99% p.a.to 12.49% p.a.

10.77% p.a.to 13.29% 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.

7.82% p.a.to 13.65% 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 14.72% p.a.based on $30,000
over 5 years

$249.00

Plenti personal loans overview

Fixed Rate Personal Loan: 

Plenti offers an unsecured fixed-rate personal loan, 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 do so 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 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:

  • To have ID that confirms you are 21 years of age or older
  • To be an Australian citizen or Australian permanent resident
  • To be able to prove a regular source of income over $30,000
  • To be employed in current role for more than 3 months
  • To have a very good credit history for the last two years with no defaults
  • To prove you're not in financial hardship with other financial providers
  • To confirm that you do not have pending, current or previous bankruptcy

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 customer reviews
Overall
2.3/10
Price
3.5/10
Features
3.0/10
Customer service
2.8/10
Convenience
3.0/10
Trust
1.8/10
Based on 4 Plenti product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Plenti personal loan reviews

Plenti Personal Loan
Overall 1/10
Racket

3/4 way through the application I read the terms and conditions, front to back. It's chocka with hidden additional and potential real and incomprehensible charges. So I terminated the application. The real problem is Mozo who actually recommend this defective product and are obviously complicit in this.

Read full review

3/4 way through the application I read the terms and conditions, front to back. It's chocka with hidden additional and potential real and incomprehensible charges. So I terminated the application. The real problem is Mozo who actually recommend this defective product and are obviously complicit in this.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Andrew, New South Wales, reviewed 3 months ago
Plenti Personal Loan
Overall 1/10
1 star is too much for this review - it gives you

1 star is too much for this review - it entices you to apply for the "Congratulations you have been pre-approved for a top up". I have been a good paying customer on time every time. You brag yourself about being fair. Now tell me, what is fair about offering a top-up and then decline? My credit score is good, no missed payments. I only needed a top-up for the holiday season we call Christmas!. YOU DO NOT VALUE LOYAL CUSTOMER!

Read full review

1 star is too much for this review - it entices you to apply for the "Congratulations you have been pre-approved for a top up". I have been a good paying customer on time every time. You brag yourself about being fair. Now tell me, what is fair about offering a top-up and then decline? My credit score is good, no missed payments. I only needed a top-up for the holiday season we call Christmas!. YOU DO NOT VALUE LOYAL CUSTOMER!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Frederick, Western Australia, reviewed 7 months ago
Plenti Unsecured Personal Loan
Overall 2/10
Won’t invest again

Note - I am an investor under the platform and not a borrower but didn’t have the option above. I was pretty happy with Plenti service it was easy to get money into and to lend everything was straight forward that was until I tried to get money out!! I withdrew over a week ago and I have called them several times regarding this, this money was for a deposit on a home loan!! Lucky I have other funds I can access in the mean time but this is not ok!! I still haven’t received my funds?

Read full review

Note - I am an investor under the platform and not a borrower but didn’t have the option above. I was pretty happy with Plenti service it was easy to get money into and to lend everything was straight forward that was until I tried to get money out!! I withdrew over a week ago and I have called them several times regarding this, this money was for a deposit on a home loan!! Lucky I have other funds I can access in the mean time but this is not ok!! I still haven’t received my funds?

Price
5/10
Features
5/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Jazzmin, Queensland, reviewed about 1 year ago
Plenti Personal Loan
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 4 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

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