I wound up thru a broker with Plenti. Big mistake. They tell you there's no early exit fee. Trouble is, you pay admin fees for the life of the loan, which are significant. Early exit fee by proxy, and stealth. Don't go near them. Rate setter was a great co. Once a co lists, it's ALL about greedy boards, and delivery. This co has lost its way from its original mindset. AVOID!
Took a loan up with Plenti, ended up paying loads on hidden fees. Very questionable business practice with allot of misleading information.
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.
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.
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Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.45% would cost $34,590.57 including fees.
Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 4.99% would cost $33,959.97 including fees.
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,832.61 including fees.
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $34,840.18 including fees.
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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