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25 Feb 2025
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3 minute read

Plenti Lending Platform: December 2024 quarterly data report

Plenti is pleased to provide the quarterly data report in relation to the Plenti Lending Platform (PLP) loan book.

Shareholders in Plenti should be aware that the data provided in this report only relates to the PLP and does not provide a complete picture of Plenti's total loan portfolio. Shareholders should refer to Plenti's ASX releases for data in relation to the performance of the entire Plenti loan portfolio.

PLP lending statistics at 31 December 2024
Total amount lent1$1,219,665,960
PLP loan book$133,991,474
Total Interest paid earned$110,850,171
Number of loans outstanding12,500
Average outstanding loan amount$10,719
Weighted average remaining term36 months

1 Lending statistics since inception

An important feature of the PLP is the Provision Fund. The Provision Fund comprises cash held on trust for the benefit of members who invest via the PLP and is designed to help protect them from loss in the event a borrower misses a payment or defaults. Information on the Provision Fund position at 31 December 2024 is set out below.

Provision Fund and expected loss data at 31 December 2024
Cash in Provision Fund1$9,435,191
Expected Provision Fund inflows2 $264,914
Provision Fund total3 $9,700,105
Provision Fund total as % of loan book 7.2%
Claims made on Provision Fund to date 100%
Claims paid by Provision Fund to date100%

1 Funds currently held as cash at bank
2 Expected Provision Fund inflows represents contracted PLP borrower contributions to the Provision Fund due over the lifetime of outstanding PLP loans, adjusted to reflect expected early repayments and bad debt
3 Provision Fund buffer is the sum of money in the Provision Fund and expected future Provision Fund inflows

PLP loan and borrower characteristics at 31 December 2024 (based on principal outstanding)

The information contained in this blog is accurate only at the date of publication. Expected losses and the performance of the Plenti Lending Platform loan book cannot be known with certainty and expectations are subject to change. Lender rates may assume your investment is protected by the Provision Fund in the event of any borrower late payment or default, however, there is no guarantee nor warranty as to any protection from the Provision Fund. Fees apply. Capital at risk. See the PDS and SPDS for details.

This information should not be taken as financial product advice and has been prepared as general information only without consideration of an individual’s particular investment objectives, financial circumstances or needs. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) available on our website to decide if this product is right for you. 

All figures stated represent the Plenti Lending Platform (ARSN 169 500 449) only unless stated otherwise.

The availability of the Early Access Transfer Feature is at Plenti's discretion and is subject to the terms and conditions set out in the PDS.

Issued by Plenti RE Limited ABN 57 166 646 635 AFSL 449176. Capital at risk. Past performance is not a reliable indicator of future performance. 

Important information*

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of Plenti as at the date of publication and may later change without notice.

Acknowledgement of Country

Plenti respects and honours Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living cultures of Aboriginal and Torres Strait Islander peoples on this land and commit to building a brighter future together.

We recognise the Gadigal people of the Eora Nation, who are the traditional custodians of the land on which Plenti’s Sydney office stands, and the Kaurna people as the traditional owners of the Country where our Adelaide team is located.