You can use a Plenti personal loan for various purposes, including home renovations, travel, buying a car, moving expenses, debt consolidation, weddings, and medical bills.

Plenti offers a personal loan ranging from $5,000 to $65,000. Your borrowing limit can be affected by your credit score and disposable income.

You can pay off your loan early by making early or extra repayments without additional costs. This could help you to save on the interest you pay over the life of the loan. 

When deciding between a credit card and a personal loan, it's essential to understand their key differences. A personal loan provides a set amount of money with fixed or variable interest rates, making it ideal for larger expenses like home renovations or travel. Repayments are consistent, which helps with budgeting.

When you apply for a Plenti Personal Loan you’ll get a personalised interest rate based on your credit history. If you have demonstrated good credit behaviour you may be offered a lower interest rate. On the other hand, if your credit history isn’t very good, you may be offered a higher interest rate. 

Get your personalised rate.

A comparison rate is a tool to help you understand the true cost of a personal loan. This rate allows you to better compare the price of different loan providers by factoring in some of the fees and charges that are included in their loan. Some loan providers have very high fees that cover the costs for establishing the loan. 

Typically, the comparison rate on a personal loan is calculated on a $30,000 loan amount over 60 months. This includes the interest rate and additional fees (including establishment fees, brokerage fees and monthly fees). 

While the comparison rate covers many costs, some are not included:

• Government Stamp Duty and On-Road Costs
• Late Payment Fees
• Break Costs or Early Termination Fees
• Cost savings such as fee waivers or the availability of interest offset arrangements which can influence the cost of a loan

Your interest rate may vary depending on the type of loan you apply for. Our Fixed personal loans feature fixed interest rates, so the repayment amount stays the same throughout the life of the loan. These loans can have terms of 3-7 years. On the other hand, variable rate loans have terms of 1-2 years, but your rate could change during the term of your loan.

Interest will accumulate daily on the Unpaid Daily Balance of your loan account at the Daily Percentage Rate. The Daily Percentage rate is equal to your annual interest rate, divided by 365.