Thumbnail icon for Plenti

Plenti Used Car Loan (Fixed)

Advertiser disclosure
Interest rate from
5.29% p.a.to 9.99% p.a.
Comparison rate from
5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years
Upfront fee
$399

Mozo editorial review Plenti Used Car Loan (Fixed)

Last updated: 14 August 2020.

binocular icon
What's hot
  • Competitive fixed rates from 5.29% p.a. (5.84% p.a. comparison rate)*
  • Tiered-based interest rates that reward borrowers who have a good credit score with better rates
  • Extra repayments allowed
What's not
  • $399 application fee
Mozo snapshot

After the right car loan to help get you behind the wheel of a snazzy secondhand vehicle? Well, with competitive fixed rates from 5.29% p.a. (5.84% p.a. comparison rate)* on loans between $10,000 and $100,000, the Plenti Used Car Loan (Fixed) could be just the thing you’re looking for!

key icon
Key features

Plenti offers tiered-based interest rates on its Plenti Used Car Loan (Fixed), so the rate you get will be personalised according to your credit rating. This is great if your credit score is in good shape as you’ll be rewarded with a lower rate.

Interest rates start at a low 5.29% p.a. (5.84% p.a. comparison rate)* but can go right up to 9.99% p.a. (10.56% p.a. comparison). The loan offers amounts from as little as $10,000 right up to $100,000, and flexible 3-7 year loan term options.

While there are no regular ongoing fees the loan does come with a steep $399 upfront application fee as well as a $30 late payment fee if you’re late to make a repayment.

This car loan comes with a monthly repayment cycle, plus the ability to make extra loan repayments, so you’ll be able to pay it off as quickly as possible. And with no early repayment fees, you won’t have to worry about being penalised for it either!

Just note that the secondhand car you purchase will also act as a security item against the loan, just in case you ever default.

snapshot
Who is it good for

The Plenti Used Car Loan (Fixed) could be a great option if you’re looking to purchase a secondhand car and have maintained a solid credit score because it offers tiered-based interest rates which reward borrowers who have a clean credit score with better rates.

snapshot
Any catches

With tiered fixed interest rates (based on creditworthiness) that range from a low of 5.29% p.a. (5.84% p.a. comparison rate)* to a high of 9.99% p.a. (10.56% p.a. comparison), this loan might not be the best option for borrowers with a poor credit score.

In addition, there’s a hefty $399 upfront application fee that you’ll need to watch out for, plus a $30 late payment fee if you’re late to make a repayment.

Details

Rates and fees information correct as at 28 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • 5.29% p.a.to 9.99% p.a. fixed

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

Fees
  • $399.00

  • $0.00

  • $30.00

  • $0.00

  • 0

Other financial bits
  • $10,000.00

  • $100,000.00

  • 3 Years

  • 7 Years

  • Vehicle

Features
  • Monthly

  • yes

  • no

  • Displayed interest rate is for customers with an excellent credit history.

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Customer Reviews

How are Plenti personal loans rated by the Mozo community?

Overall
3.5/10
Price
5.5/10
Features
4.0/10
Customer service
5.0/10
Convenience
5.5/10
Trust
3.0/10
Plenti

About Plenti

UK-based Plenti is one of the world’s largest peer to peer lenders (P2P) and has lent over $500 million since launching in October 2010. Its goal is to redefine savings and loans in Australia by cutting out the banks and providing more competitive interest rates to consumers.

See Plenti personal loans

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Plenti

Plenti

New 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

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

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

5.44% p.a.

$0.00

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.

$5.00

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00