What are the fees when investing?

Investors are charged an interest margin fee of an amount equivalent to 10% of the gross interest they receive from borrowers. This is charged whenever an interest payment is received. Investors do not earn interest on funds in their holding account, as interest earned on the bank account that holds Plenti investors' funds is retained by Plenti. Management costs also include borrower fees which In the financial year ended 30 June 2020, were 3.77% of average net scheme assets. Read our Product Disclosure Statement for further details.

Importantly, all lending rates displayed on the Plenti site take into account the fees you are required to pay. The rate you see is the rate you get, subject to a few important assumptions.