Earn up to 8.0% p.a.* with the Plenti Lending Platform

A borrower or series of borrowers to whom your funds are lent may delay or stop payment on a loan or default on a loan. You may be protected by Plenti making a claim to the Provision Fund, however, there is no guarantee nor warranty as to any protection from the Provision Fund, and as such you may suffer financial loss as a consequence of borrower late payment or default.

In the event of a borrower late payment or default where you have not benefited from Provision Fund protection, you may only be able to withdraw your funds relating to that loan when any collections or recoveries have been made against that loan.

Plenti has put in place a number of measures designed to minimise the risk of investors losing money due to borrowers making a late payment or defaulting on their loan.

Firstly, we are very cautious about who can borrow using Plenti. Before any borrower is approved for a loan, our underwriting team verifies their identity, checks their credit, and assesses their risk. Plenti only lends to creditworthy individuals with Australian residency. You can view statistics about our credit performance by registering as an investor (this is free and there no obligation to lend) and clicking the "Plenti data" tab.

Secondly, the Provision Fund exists to help protect lenders from loss. The Provision Fund is not a guarantee nor an insurance product. However, thanks to the Provision Fund no Plenti investor has lost a cent of principal or interest.

Thirdly, we employ an experienced, specialist debt collection agency to help us retrieve late payments or defaulted loans. Until an investor’s funds are lent out, they are held in trust by an independent custodian in a bank account at an Australian Authorised Deposit-taking Institution.

Finally, to satisfy obligations under our Australian financial services licence (AFSL) and Australian credit licence (ACL), we undergo a number of external audits every year. This ensures that investor funds are properly accounted for and our platform is operating as it should.

Read our Product Disclosure Statement to learn more about the risks of investing.

The minimum investment to become a peer-to-peer lender is $10. Although there is currently no maximum investment, Plenti reserves the right to cap the amount of your total investment. In addition, Plenti reserves the right to refuse to submit your order to a lending market or to cancel your order without giving you prior notice.

We facilitate lending to creditworthy Australian-resident individuals. Our average borrower earns an income of $84,000 and is 40 years old. Borrowers are typically seeking loans for purposes such as consolidating debts, purchasing a car or renovating their home. In our National Clean Energy lending market, borrowers are seeking funds for the purchase and installation of clean energy equipment, such as solar panels and batteries.

At Plenti, we do the work for you. We carefully examine an applicant’s credit file and circumstances to understand their financial position and ability to repay the loan. Our standards mean that we are not able to assist a large majority of borrowers that submit an enquiry.

Plenti provides a confidential lending service. The only details you are provided about a loan to whom your funds are matched to is a reference number. All identity, credit, affordability and suitability checking is performed by Plenti and is not displayed on our website. However, Plenti publishes a full loan book that sets out details (including loan amounts, interest rates and purposes) on every loan funded to help you understand more about the profile and performance of our loans.

For more information, you should see the Product Disclosure Statement.

For the Plus Market, a 1.5% early action transaction fee applies.

For the Green Market, outgoing lenders may pay a fixed fee of up to 1.5% of the amount paid to them by the early access facilitating partner (i.e. net of capital discount).

Plenti also charges investors a fee of up to 10% of the gross interest earned on loans.