Finty
Plenti

Plenti Green Loan

Fixed rate

A loan that allows individuals to borrow funds for the purchase and installation of renewable energy goods for a residential home, including solar panels, battery storage and other eligible clean energy products. All applications subject to credit approval.

Written byDavid Boyd
Interest rate a year, from
10.49%
Comparison rate, from
11.61%
Establishment fee
$350
Monthly fee
$9
Borrow
$2,001 to $45,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 10.49%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$659
Total repayments
$23,722
Interest and monthly fees
$3,722

Loan details

Rates

Interest rate (a year)
10.49%
Comparison rate (a year)
11.61%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
$2,001 to $45,000
Loan term
Up to 10 years
Establishment fee
$350
Monthly fee
$9

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

11.61%

From 11.61%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$6,676

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$350

A typical setup fee is $150.

Monthly fee

$9

A typical monthly fee is $8.

Most you can borrow

$45,000

Typically you can borrow up to $60,000.

Longest term

10 years

7 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 10.49%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • A soft check on your rate. You can see the rate you'd get without it showing on your credit report.

Cons

  • A higher setup fee. $350, above the typical $150. It's usually added to the loan, so you pay interest on it too.
  • A $9 monthly fee. That adds $539 over 5 years, as well as the interest.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.