Car Loans
The key to your
new set of wheels
Apply online today and secure your personalised rate in as little as 60 seconds.
Benefit from our expertise in financing over 43,200 new and used cars, allowing our customers to hit the road with their new wheels sooner.
Whatever type of car you're looking for, we have an option for you.
New car loans - Get the keys to your dream car quickly, with funds in as little as 24 hours
Used car loans - Not in the market for a new car? Discover your options for a used car loan
EV car loans - Get rewarded for going green with our discounted rates for EV’s
Just like choosing the perfect car, take the time to find the right loan.
Borrow up to $100,000
3-7 year loan terms
24hrs average settlement time
$0 early repayment fee
$0 monthly fee
Personalised interest rate
Car loan repayment calculator
Find out how much your loan repayments could be with a Plenti secured car loan.
Repayment calculator: The calculator is designed as a guide for the Plenti Car Loan product only and does not apply to applications submitted via Tesla or vehicles financed under the Plenti Personal Loan product. This calculator is not a quotation or an offer of credit. The interest rates and monthly repayment amounts are indicative and based on a range of criteria and assumptions. The calculator applies to new loans only and the amount you can borrow, your personalised interest rate and repayment amount may be different once you complete a loan application.
Why choose Plenti for your next car loan?
Personalised rates
Plenti offers personalised rates tailored to your credit history and financial situation.
Easy online application
Our easy online application allows you to find the terms, rate and monthly payments that align with your budget.
Negotiating power
With financing ready, you can focus on negotiating the best price for your new car without distraction.
EV Rate Discount
Plenti offers a rate reduction of 0.5% p.a. for those financing new electric vehicles up to $90,000 through our collaboration with the Clean Energy Finance Corporation (CEFC).
A faster, fairer way to finance your new car
Our smart, paperless borrowing experience means you can spend more time cruising the open road and less time on your loan application.
Get your rate
Answer 10 quick questions to see your personalised rate in 60 seconds, without impacting your credit score.
Apply online
Complete your car loan application in under 10 minutes.
Funds are ready
Finalise your purchase online after pre-approval. Once approved, funds are transferred to the seller within 2 business days. You're ready to hit the road!
A 5-star experience from start to end
Don't put off your dreams any longer — make them a reality today with an award-winning* fintech lender.
A secured car loan is a financing option where the vehicle itself is used as collateral. This type of loan is considered less risky for lenders, often resulting in lower interest rates compared to unsecured loans. If you're looking for a low-risk car loan with favourable rates, a secured car loan might be ideal.
In a secured car loan, you pledge an asset (the car you're buying) to secure the loan. Consequently, they offer lower interest rates. Many lenders accept a variety of assets, but it's common to use the car you're purchasing, provided it meets certain age and value criteria.
Before opting for a debt consolidation loan, consider the following factors:
- Monthly payment: Find out how much your new monthly payment would be.
- Interest Rates: Check if the new loan has a lower interest rate than your current debts. Use our ‘Get your rate’ function to estimate your potential rate.
- Total Consolidation Amount: Identify all debts for consolidation, including existing balances, potential additional fees, and whether to close previous credit facilities.
- Assess Borrowing Power vs. Total Debt: The consolidation loan can cover all existing debts if your borrowing power exceeds total debt. If borrowing power is less than total debt, prioritise which debts to consolidate by focusing on consolidating debts that offer the most significant savings and continuing to repay others separately.
To qualify for a Plenti debts consolidation loan, you must meet the following criteria:
- Age: 18 years or older
- Citizenship: Australian citizen or permanent resident
- Income: earn over $25,000 annually from a verifiable, regular income source
- Credit History: maintain a good credit history
Having one debt consolidation loan instead of lots of small debts can have many benefits:
- Simplify your finances: Consolidating all of your debts into one loan means you only have to make one monthly repayment, instead of having to manage multiple loans across different providers or cards. This can give you a better idea of when you'll be debt free.
- Save money: Choosing a debt consolidation loan which offers a lower interest and fewer fees can save you money across the life of the loan.
- Extended repayment periods: Debt consolidation loans can have longer repayment periods than credit cards or your existing personal loans, which can lower your monthly payments, making them more affordable.
- Improved credit rating: Having control over one debt, instead of juggling multiple repayments can help to improve your credit rating by avoiding inadvertently missed payments.
- Assess Your Debt Situation: You might want to start by listing all debts you have. Note down the outstanding amounts, repayment amounts, interest rates on each and repayment frequency of each debt. Combine these figures to determine your overall financial liability.
- Lay out your budget: First, calculate the basics like your monthly income and expenses. From there, decide how much you can afford for your monthly repayment. The debt consolidation calculator on this page is one tool you could use to see which loan terms and repayment period suits your needs.
- Consider taking out a loan: Consider taking out a debt consolidation loan to combine all of your debts into one easy to manage monthly payment. You may also decide to check your credit score before applying, as this may have an impact on your approval and the interest rate which may apply to your loan. Check your report for any errors, as these could hurt your score and approval odds.
- If you’re looking to lock in your interest rate for your debt consolidation loan, you may be able to choose between a fixed and variable interest rate.
- A fixed-rate debt consolidation loan allows you to lock in your interest rate from the start of your loan term. This means that with a fixed rate loan your interest rate and loan repayments always remain the same which can help you manage your budget more effectively.
- If you’re looking to lock in your interest rate for your debt consolidation loan, you may be able to choose between a fixed and variable interest rate.
- A fixed-rate debt consolidation loan allows you to lock in your interest rate from the start of your loan term. This means that with a fixed rate loan your interest rate and loan repayments always remain the same which can help you manage your budget more effectively.
- If you’re looking to lock in your interest rate for your debt consolidation loan, you may be able to choose between a fixed and variable interest rate.
- A fixed-rate debt consolidation loan allows you to lock in your interest rate from the start of your loan term. This means that with a fixed rate loan your interest rate and loan repayments always remain the same which can help you manage your budget more effectively.
- If you’re looking to lock in your interest rate for your debt consolidation loan, you may be able to choose between a fixed and variable interest rate.
- A fixed-rate debt consolidation loan allows you to lock in your interest rate from the start of your loan term. This means that with a fixed rate loan your interest rate and loan repayments always remain the same which can help you manage your budget more effectively.
- If you’re looking to lock in your interest rate for your debt consolidation loan, you may be able to choose between a fixed and variable interest rate.
- A fixed-rate debt consolidation loan allows you to lock in your interest rate from the start of your loan term. This means that with a fixed rate loan your interest rate and loan repayments always remain the same which can help you manage your budget more effectively.
Are you looking for another type of loan?