Plenti Car Loan – review 2026
Pros
- Rates from 6.24% p.a. among lowest in non-bank car finance
- High maximum of AUD 100,000
- No monthly fee
- No early repayment penalty
- Open Banking used to accelerate income verification
Cons
- Minimum loan of AUD 10,000
- Vehicle must be up to 7 years old
- Minimum term of 36 months
- Establishment fee of AUD 399
- Used vehicles purchased privately may not qualify
Plenti Car Loan Review
Plenti has established a strong position in the Australian car finance market, offering secured car loans from AUD 10,000 to AUD 100,000. Rates start at 6.24% p.a. (comparison rate 6.84% p.a. based on a AUD 30,000 loan over 5 years) and are among the most competitive in the non-bank sector.
Loans are available for new and dealer-sold used vehicles up to 7 years old. Terms range from 36 to 84 months. The vehicle is used as security, which allows the lower rates compared to Plenti's unsecured personal loan product.
Fees and Charges
Establishment fee: AUD 399. Monthly fee: nil. No early repayment penalty.
Requirements
- Australian citizen or permanent resident
- Minimum age 18 years
- Minimum income AUD 25,000 p.a.
- 100 points of ID required
- Vehicle must be purchased from a licensed dealer for used cars
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.