Finty
Plenti

Plenti Personal Loan

Fixed rate

A loan that allows individuals to borrow funds for personal expenses such as home improvements, car purchases, debt consolidation and more. The information set out below relates to an application made directly with Plenti unless otherwise noted. All applications subject to credit approval.

Written byDavid Boyd
Interest rate a year, from
5.80%
Comparison rate, from
5.80%
Establishment fee
Not published
Monthly fee
None
Borrow
$2,001 to $75,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 5.80%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$607
Total repayments
$21,839
Interest
$1,839

Loan details

Rates

Interest rate (a year)
5.80%–24.09%
Comparison rate (a year)
5.80%–25.16%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
$2,001 to $75,000
Loan term
Up to 7 years
Establishment fee
Not published
Monthly fee
None

How it compares

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

Comparison rate

5.80%

From 5.80%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$3,088

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

Monthly fee

None

A typical monthly fee is $8.

Most you can borrow

$75,000

Typically you can borrow up to $60,000.

Longest term

7 years

7 years is the usual longest term.

Pros and cons

Pros

  • A lower starting rate. Its comparison rate starts at 5.80%, below the typical 10.14%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
  • No monthly fee. The cost doesn't creep up the longer you take to repay.
  • 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

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 5.80% to 24.09%, and only some people get the starting rate.

Similar loans

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