Benefit from our expertise in financing over 43,200 new and used cars, allowing our customers to hit the road with their new wheels sooner.
Experience personalised interest rates tailored to you and your dream car. Use our convenient rate estimate tool to find your rate in just 60 seconds, all without impacting your credit score.
1-7 year loan terms
Fast funds in as little as 24hrs from approval
$0 early repayment fee
$0 monthly fee
Personalised interest rate
Car loan repayment calculator
Find out how much your loan repayments could be with a Plenti secured car loan.
A 5-star experience from start to end
Don't put off your dreams any longer — make them a reality today with an award-winning* fintech lender.
1. Get your personalised rate
Fill out the quick online form and you’ll get a personalised estimate of how much you could borrow and the interest rate.
2. Select your loan terms
Decide how much you want to borrow and how long you want to have to repay your loan.
3. Submit
Complete all the details and submit your application. Our team will review it and be in touch — usually within 48 hours.
Am I eligible for a Plenti Car Loan?
To be eligible for a Plenti car loan you must:
- Be aged 21 or over
- Be an Australian citizen or permanent resident
- Be earning over $32,000 per year from a regular source of income that you can demonstrate
- Have a good credit history
Plenti will consider a loan application if you are self-employed. Additional credit assessment criteria and requirements may apply.
What is a secured car loan and how does it work?
A secured car loan is a financing option where the car itself is used as collateral. This type of loan is considered less risky for lenders, often resulting in lower interest rates and the possibility of larger loan amounts compared to unsecured loans. If you're looking for a low-risk car loan with favorable rates, a secured car loan might be ideal.
In a secured car loan, you pledge an asset (the car you're buying) to secure the loan. Consequently, they offer lower interest rates. Many lenders accept a variety of assets, but it's common to use the car you're purchasing, provided it meets certain age and value criteria. Once you repay your loan in full, the security on the car is released.
For initial assessment we may require some of the documents below:
- Proof of ID-Driver’s license, passport, Medicare card, etc.
- Proof of Income: Recent payslips, tax returns, or bank statements.
For some circumstances we may require additional information as below:
- Proof of Residence: Utility bill or council rates confirming your address.
- Proof of Savings: Bank statements or investment documents.
- Assets and Liabilities: Information on property, other vehicles, and existing debts.
If you are buying a car from a dealership
- Vehicle sales invoice: our friendly sales team can request this for you
- Car Insurance: Proof of comprehensive insurance
If you are buying a car through a private sale
- Private Sales Invoice: Which is a contract between you and the seller and ensures we have the correct finance details
- Third-party self-administered Inspection Report: to confirm the vehicle's condition and ensure funds are sent to the correct bank account. This is at no extra cost to you or the seller.
- Car Insurance: Proof of comprehensive insurance
If you are looking to refinance your car
- Payout Letter: Provide us with a future-dated payout letter to ensure the correct funds are sent.
- Third-party self-administered Inspection Report: You'll complete this at no extra cost, this is to review the vehicles condition
- Car Insurance: Proof of comprehensive insurance
Providing these documents quickly will help expedite your loan application. After this information is provided, we can settle a loan in as little as 2 hours, and the funds can be transferred in as little as two business days.
How can I calculate my loan repayments for a Plenti car loan?
You can use Plenti’s car loan repayment calculator to find out your estimated loan repayments.