- Plenti is an ASX-listed online lender, delivering car and other loans to Australian consumers
- Its platform delivers personalised interest rates to potential borrowers based on their credit score and financial position
- Plenti car loans can be a good option for those with a good to strong credit rating looking for a secured car loan
Founded in 2014, Plenti is an online lender providing tailored car, personal, and green loans to Australian consumers.
It's also the country's first consumer-lending platform to give everyday Australians the opportunity to invest directly in consumer loans, listing on the ASX in 2020.
What car loans does Plenti offer?
As of January 2026, Plenti has helped finance the purchase of more than 88,000 new and used cars, also offering discounted rates for electric vehicles.
It boasts an average settlement time of 24 hours on loans featuring personalised interest rates, based on the borrower's credit history and financial situation.
The Plenti car loan process
Using Plenti's online platform, prospective borrowers are invited to answer 10 questions (taking around 60 seconds) to see their personalised rate - without impacting their credit score.
A formal loan application can then be completed online in under 10 minutes.
After pre-approval, funds are transferred to the seller within two business days.
Check out some of Plenti’s secured car loans in the table below:
| Lender | Car Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Interest Type | Vehicle Type | Maximum Vehicle Age | Ongoing Fee | Upfront Fee | Total Repayment | Early Repayment | Instant Approval | Online Application | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7.49% p.a. | 9.22% p.a. | $601 | Fixed | New | $9.9 | $249 | $36,060 | ||||||||||||
7.49% p.a. | 9.22% p.a. | $601 | Fixed | New | $9.9 | $249 | $36,060 | ||||||||||||
7.49% p.a. | 9.22% p.a. | $601 | Fixed | New | $9.9 | $249 | $36,060 | ||||||||||||
7.49% p.a. | 9.22% p.a. | $601 | Fixed | New | $9.9 | $249 | $36,060 | ||||||||||||
7.49% p.a. | 9.22% p.a. | $601 | Fixed | New | $9.9 | $249 | $36,060 | ||||||||||||
8.19% p.a. | 8.82% p.a. | $611 | Fixed | New, Used | $9.9 | $249 | $36,661 | ||||||||||||
8.19% p.a. | 8.82% p.a. | $611 | Fixed | New, Used | $9.9 | $249 | $36,661 | ||||||||||||
8.19% p.a. | 8.82% p.a. | $611 | Fixed | New, Used | $9.9 | $249 | $36,661 | ||||||||||||
8.19% p.a. | 8.82% p.a. | $611 | Fixed | New, Used | $9.9 | $249 | $36,661 | ||||||||||||
8.19% p.a. | 8.82% p.a. | $611 | Fixed | New, Used | $9.9 | $249 | $36,661 |
Plenti car loan features
Pros
- Allows borrowing up to $150,000
- 2-7 year loan terms
- No early repayment fees
- No monthly fees
- Personalised interest rate
- Balloon payment option available on select loans
- Average settlement time of 24 hours once loan application is completed
- Rate reduction of 0.5% for new electric vehicles up to $90,000 (in collaboration with the Clean Energy Finance Corporation)
- User-friendly online experience
Cons
- Loan establishment fees apply
- Loans must be secured against vehicle being purchased (not suitable for those seeking unsecured car loan)
- Fixed-rate car loans only
- May not cater to those with poor credit histories
- Borrowers must make repayments by direct debit only
- Does not cater for vehicles to be used predominantly for rideshare or taxi service
- Not suitable for borrowers who prefer in-person dealings with lenders or access to a branch
Why should you choose Plenti?
Overall, Plenti's loan products have fared well in online review platforms and have also garnered more than 50 industry awards over the past decade or so.
Users frequently cite Plenti's simple-to-use platform as a drawcard while its financial results (as of 30 September 2025) show consecutive record quarters of loan originations.
Plenti also has some recognition from larger players. In late 2024, it extended a partnership with NAB to offer 'NAB powered by Plenti' car and EV loans to NAB's personal banking customers. This was an extension of an earlier deal catering for NAB employees.
Who will a Plenti car loan suit?
Plenti's car loans can be a good option for those with a good to strong credit history, a regular income, and comfortable with a fully-digital lending process.
Plenti's interest rates depend on each applicant's borrowing credentials and credit score. These can be estimated via a series of 10 online questions, giving applicants some idea of the interest rate they may be offered and their repayments.
This process doesn't affect applicants' credit scores and can be useful for comparing loan products. But it's worth noting, a final rate - or a credit offer - isn't determined until a formal application is received and assessed.
Plenti offers borrowers a streamlined lending process for straightforward, secured car loans.
How to apply for a car loan with Plenti
To apply for Plenti car loan, you will need to:
be aged over 21 years old
be an Australian citizen or permanent resident
earn at least $32,000 per year from a regular source of income you can demonstrate
have a good credit history
You will also need a few supporting documents ready to submit along with your application, including:
Proof of identification: drivers licence, passport, Medicare card, etc.
Verification of income: payslips, bank statements, tax returns
Some borrowers may also require:
- Proof of residence: utility bills or council rates confirming your address
- Proof of savings: banks statements or investment documents
- Assets and liabilities: information on property, other vehicles, and existing debts
