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Plenti Used Car Loan (Fixed)

Advertiser disclosure
Interest rate from
6.79% 11.99% p.a.
Comparison rate from
7.34% 12.57% p.a.based on $30,000
over 5 years
Upfront fee
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Mozo editorial review Plenti Used Car Loan (Fixed) - last updated: 10 May 2022

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What's hot
  • Competitive fixed rates from 6.79% p.a. (7.34% 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 6.79% p.a. (7.34% p.a. comparison rate)* on loans between $10,001 and $100,000, the Plenti Used Car Loan (Fixed) could be just the thing you’re looking for!

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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 6.79% p.a. (7.34% p.a. comparison rate)* but can go right up to 11.99% p.a. (12.57% p.a. comparison). The loan offers amounts from as little as $10,001 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.

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.

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Any catches

With tiered fixed interest rates (based on creditworthiness) that range from a low of 6.79% p.a. (7.34% p.a. comparison rate)* to a high of 11.99% p.a. (12.57% 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.


Rates and fees information correct as at 16 May 2022. 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.


6.79% 11.99% p.a. fixed

7.34% 12.57% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

7 Years






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


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.

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