Refinance your personal loan
You could save thousands* by switching to our award-winning low rate personal loan.
Could you be saving more on your personal loan?
Feel like you’re paying more for your personal loan than you should be? You probably are. Compare how Plenti’s award-winning low rate personal loan could save you compared to the big banks.***
Last Updated: 8 April 2021
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Interest Rate (p.a.)
Comparison Rate (p.a.)
Upfront Fees
Monthly Fees
Repayments
Comparison rates for loans under 3 years are based on an unsecured personal loan of $10,000 over 36 months. Comparison rates for loans 4 years and above are based on an unsecured personal loan of $30,000 over 60 months.
Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
*Products shown do not represent all rates available from all lenders, or all rates available from the lenders presented. Plenti interest rate is based on a borrower with an excellent credit history using rates and fees applicable as at 8 April 2021. All other interest rates and fees displayed are as advertised by the respective lender on their website as at 8 April 2021 and may include short-term promotional offers. Comparison rates are calculated by Plenti. The actual product, rate, fees and charges you might be eligible for may be different based on your loan term, loan amount and credit characteristics.
Other fees and charges not shown here may apply. Rates shown are subject to change without notice. Information on this page does not constitute an offer of credit. Plenti Australia RE Limited does not provide credit assistance in relation to all products compared on this page. The displayed order of products shows the lowest monthly repayment as default or is based on your sorting options and does not represent a suggestion that a particular credit product is appropriate for you.
FEATURES & BENEFITS
A personal loan that’s made for refinancing.
Low personalised rates. Attractive rates from 6.39% to 17.89% p.a. (comparison rate 6.39% to 19.73% p.a.) based on your good credit.
Flexible loan terms. Refinance between $2,001 to $50,000 from 6 months to 7 years from the comfort of your couch.
Award-winning personal loans. Borrow with confidence with Canstar’s Outstanding Value Award winner for 5 years running.
No monthly or early repayment fees. We’ve eliminated unnecessary fees help you save more and pay off your loan faster. Because nobody has ever said ‘yes please’ to fees.
More 5-star reviews than any other lender
Over 3246 borrowers have rated us 5 stars on ProductReview, TrustPilot and Google.
Refinance your personal loan in 3 steps
Get your rate
Discover your personalised interest rate in just 1 minute. It’s fast, simple and won’t have any impact on your credit score.
Apply in minutes
Apply in 10 minutes. Make sure you have your driver’s license, bank details and existing loan documents handy.
Enjoy your funds
We’ll review your application. Once your loan is approved and funded your funds will be with you the next business day.
You’ve got questions we’ve got answers.
How much does refinancing cost?
If you’re considering refinancing your personal loan, you may be unsure of how much it will cost. Most personal loans comprise of three main factors that impact the total cost over the life of the loan:
- the interest rate (this may be fixed or variable)
- a one-time establishment fee
- ongoing fees (such as account maintenance fees, late payment fees, and other charges)
These costs are often combined to create a comparison rate that represents the total price of a loan. This allows you to compare loans to find the one that best suits your needs as well as your existing loan.
Am I eligible to refinance my loan?
Save time before applying by making sure:
- You are aged 21 or over
- You are an Australian citizen or permanent resident
- You have a regular source of income that you can demonstrate
- You have a good credit history
To see if you may qualify for a Plenti personal loan, you can get a RateEstimate, it only takes 1 minute and won’t affect your credit score. If you request a RateEstimate, we will ask you a few questions so we can calculate an initial estimate of your borrowing potential, and the rates, fees and charges that may apply to your loan.
What do I need to apply?
To apply to refinance your existing personal loan, you will need to complete our identity verification process successfully. To complete identity verification you will need to provide one or more of the following documents:
- Australian State or Territory-issued drivers licence
- Australian or foreign passport
- Address verification document such as a utility bill or tenancy agreement
These details can either be entered on our website during the application process and automatically verified online or you can upload as part of the application process.
You will also need to provide the following to verify your existing loan:
- Current loan statement showing the last 12 months of transactions
- Loan payout letter from your existing lender
When assessing your application, we are looking for evidence of how suitable a loan is to your current circumstances. Among other things, we’ll assess your:
- Employment stability;
- Income;
- Expenses;
- Repayment history;
- Credit bureau information; and
- Other details you communicate to us.
You will also be asked to verify your income and expenses and may be asked to provide supporting documentation such as bank statement information or payslips. The documents you will need to provide will be displayed to you during the application process.
*Comparison rates for variable rate personal loans are based on an unsecured loan of $10,000 over 36 months. Comparison rates for fixed rate personal loans are based on an unsecured loan of $30,000 over 60 months. Rates shown assume monthly repayments for a customer with an excellent credit history and are current as at 8pm, 18 April 2021 Plenti credit criteria and terms and conditions apply. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Representative Example: Based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $11,016. This represents a comparison rate of 6.39% p.a. and includes all interest and fees included in your loan repayments over the life of the loan. Plenti personal loans are available for a minimum of 6 months to a maximum of 7 years. Interest rates range from 6.39% p.a. (comparison rate 6.39% p.a.) to 17.89% p.a. (comparison rate 19.73% p.a.). Rates are subject to change depending on the rates offered in our Lending Markets.