Summary

With Plenti Personal Loan and Exceptional Credit, you can borrow up to $65,000, with interest rates starting from 6.57% p.a. Application fees may apply.

Plenti provides personal loans with personalised rates, meaning your interest rate will be based on your credit history and financial situation. You can receive a rate estimate before you apply.

Turnarounds are fast and loan terms depend on whether you opt for a fixed or variable rate.   If your credit history includes any defaults, bankruptcies or if your income is less than $30,000 or if you have been employed for less than 3 months, Plenti are unlikely to approve your loan.

Pros

Easy online application
Low interest rates to reward good borrowers
No monthly fee and early repayment fees

Cons

Application fee up to $595

Details

Unsecured Fixed Personal Loan

Product Name	Plenti Personal Loan
Interest Rate (p.a.)	6.57% to 24.09%
Comp. Rate (p.a.)	6.57% to 26.65%
Interest Rate Type	Fixed
Min Loan Amount	$5,000
Max. Loan Amount	$65,000
Loan Security	Unsecured

Unsecured Variable Personal Loan

Product Name	Plenti Variable Rate Personal Loan
Interest Rate (p.a.)	6.57% to 24.09%
Comp. Rate (p.a.)	6.57% to 26.65%
Interest Rate Type	Variable
Min Loan Amount	$5,000
Max. Loan Amount	$65,000
Loan Security	Unsecured

How does the Plenti Personal Loan work?

Personal loans from Plenti are funded by individuals or investors, rather than a bank. For this reason, Plenti is able to tailor interest rates to borrowers based on the amount they apply for, the loan term and the details provided in their application. Fees for Plenti's personal loans also vary depending on the loan term and loan amount.

You can apply for up to $65,000 and loan terms of up to 7 years are available.

How to apply

If you think you'd like to apply for a Plenti personal loan, simply go to the lender's site directly and submit an application. Get your personal, financial and employment details to hand
Be aware that Plenti have strict eligibility criteria that include:

An Australian citizen or Australian permanent resident
Aged 21 or over
Able to prove a regular source of income over $30,000
Employed in current role for more than 3 months
Have a good credit history with no defaults
You're not in financial hardship with other financial providers
You do not have pending, current or previous bankruptcy

Remember that while Plenti offers competitive rate financing, it's still a good idea to compare your personal loan options, prior to submitting an application.

Features of this loan

Personal loans from Plenti include a range of features. These are:

Loan amount. Borrow from $5,000 to $65,000.
Interest rate type. Variable or fixed rate options are available.
Loan term. Fixed rate loans have terms from 3 to 7 years, whereas variable rate loans have terms from 1 to 3 years.
Unsecured and secured options. Depending on your circumstances and preferences, you can opt for either a secured or an unsecured personal loan.
Rate estimate. Secure a rate estimate before you submit a full application, without affecting your credit score.
Range of loan purposes. Whether you want to take a trip away, pay for a wedding or renovate your home, a personal loan from Plenti could help.
Penalty-free extra repayments. Making additional repayments or repaying your loan early can save you money over the life of the loan. And Plenti will never charge you for doing so.
Fast turnaround. Get your rate estimate in as little as 60 seconds, find out if you're approved within 1 business day and expect funds in your account in as little as 24 hours after accepting your loan contract.
Online account management. To manage your account you can simply log in to your Plenti account online.

How much does the Plenti Personal Loan cost?

Interest rate. From 6.57% p.a. to 24.09% p.a. based on your credit rating and Plenti's eligibility criteria.
Comparison rate. From 6.57% p.a. to 26.65% p.a. (based on an unsecured loan of $10,000 repaid over 36 months with an excellent credit history).
Application fee. $0 to $595.

Compare other personal loans

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.75% to 26.95%	Comp. Rate (p.a.) 6.75% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment $922.89	Go to site More Info Compare
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Finder award winnerFixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to site More Info Compare
Harmoney Unsecured Personal Loan Finder award winnerFixed3 - 7 Years $2,000 - $70,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment $926.83	Go to site More Info Compare
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $973.85	Go to site More Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to site More Info Compare
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to site More Info Compare