Managing risk and the Provision Fund

We only lend to creditworthy borrowers

Every borrower must pass our comprehensive credit screening processes when applying for a personal loan, car loan or renewable energy loan. Our in-house credit team uses a combination of innovative technologies and traditional resources (such as credit bureau information) to assess each borrower’s credit risk.

We handle the credit analysis so you can be confident that your funds are being matched to creditworthy borrowers.

The Provision Fund may help protect your investment

While we only match investor funds with loans to creditworthy borrowers, we appreciate that in some circumstances borrowers may be unable to repay their loans. That’s why we set up the Provision Fund, a pool of funds held in cash by a separate trustee, designed to protect investors in the event a borrower misses a payment or defaults.

All borrowers pay an amount into the Provision Fund

This amount is determined by the borrower’s risk profile, the loan amount and the loan term. A greater risk requires a higher contribution.

The Provision Fund can reimburse investors to protect against loss.

Plenti may make a claim on behalf of the investor where a loss is incurred due to a borrower late payment or default.

Investing in the Plenti Lending Platform (ARSN 169 500 449) is not without risk.

Below we summarise the key investment risks for the Flex Market, Plus Market and Green Market. 

For more information on the risks specific to the Notes Market, please see the Notes Market investment risks page.  

You should refer to our Product Disclosure Statement and the relevant Supplementary Product Disclosure Statement for a more detailed description of the key investment risks, as well as a description of other significant fund-specific risks, other significant lending-specific risks, other significant business lending-specific risks, and other significant general risks.