Invest in loans to creditworthy borrowers from across Australia.
Take advantage of compounding interest by automatically reinvesting your principal and interest.
Funds earmarked for something special? You may be able to take advantage of our early access feature.
The Provision Fund, our secret sauce
Plenti offers a unique, additional buffer to help manage risk for fixed income investors. Plenti borrowers pay a fee into the Provision Fund, a pool of funds held in cash by a separate trustee. In the event a borrower misses a repayment or defaults on their loan, the Provision Fund can step in to protect investors.
Whilst the Provision Fund has a 100% track record of protecting investors, it is not a guarantee and you should read the PDS before making an investment decision.
As with every investment, investing with Plenti is not without risk.
No deposit guarantee
Your investment is not a deposit and does not have the benefit of depositor protection laws as it would have if it were an amount deposited with an Australian ADI.
Borrower late payment or default
A borrower or series of borrowers to whom your funds are lent may delay or stop payment on a loan or default on a loan. You may be protected by Plenti making a claim to the Provision Fund, however, there is no guarantee nor warranty as to any protection from the Provision Fund, and as such you may suffer financial loss as a consequence of borrower late payment or default.
Borrower default impact on the availability of funds
In the event of a borrower late payment or default where you have not benefited from Provision Fund protection, you may only be able to withdraw your funds relating to that loan when any collections or recoveries have been made against that loan.
"Plenti is very transparent with the interest rates you will get for your money. Their platform make it easy to use, whether you want to reinvest or withdraw your funds to your bank account. Customer service is local and friendly. Very satisfied with this company." -Elvira, investor
"Received very high interest rates for years, customer service is local and very efficient. Referral bonuses are a great way to make extra money too. I'll be happy to stay with Plenti for years." -Daniel, investor
"My customer service was well above average. I did not receive any unexpected costs. I am satisfied with the rate I got. The best part is how responsive the team are with their emails." -Benjamin, investor
For the 3 Year Income and 5 Year Income lending markets, a 1.5% early action transaction fee applies.
For the National Clean Energy market outgoing lenders may pay a fixed fee of up to 1.5% of the amount paid to them by the early access facilitating partner (i.e. net of capital discount).
We facilitate lending to creditworthy Australian-resident individuals. Our average borrower earns an income of $84,000 and is 40 years old. Borrowers are typically seeking loans for purposes such as consolidating debts, purchasing a car or renovating their home. In our National Clean Energy lending market, borrowers are seeking funds for the purchase and installation of clean energy equipment, such as solar panels and batteries.
At Plenti, we do the work for you. We carefully examine an applicant’s credit file and circumstances to understand their financial position and ability to repay the loan. Our standards mean that we are not able to assist a large majority of borrowers that submit an enquiry.
Plenti provides a confidential lending service. The only details you are provided about a loan to whom your funds are matched to is a reference number. All identity, credit, affordability and suitability checking is performed by Plenti and is not displayed on our website. However, Plenti publishes a full loan book that sets out details (including loan amounts, interest rates and purposes) on every loan funded to help you understand more about the profile and performance of our loans.
The minimum investment to become a peer-to-peer lender is $10. Although there is currently no maximum investment, Plenti reserves the right to cap the amount of your total investment. In addition, Plenti reserves the right to refuse to submit your order to a lending market or to cancel your order without giving you prior notice.
You can register to invest with Plenti online in just 5 minutes. Once we have approved your registration, you will be able to transfer funds into your account, select the lending market you wish to invest in, set your rate and have your funds matched with loans to creditworthy borrowers.
Plenti has put in place a number of measures designed to minimise the risk of investors losing money due to borrowers making a late payment or defaulting on their loan.
Firstly, we are very cautious about who can borrow using Plenti. Before any borrower is approved for a loan, our underwriting team verifies their identity, checks their credit, and assesses their risk. Plenti only lends to creditworthy individuals with Australian residency. You can view statistics about our credit performance by registering as an investor (this is free and there no obligation to lend) and clicking the "Plenti data" tab.
Secondly, the Provision Fund exists to help protect lenders from loss. The Provision Fund is not a guarantee nor an insurance product. However, thanks to the Provision Fund no Plenti investor has lost a cent of principal or interest.
Thirdly, we employ an experienced, specialist debt collection agency to help us retrieve late payments or defaulted loans. Until an investor’s funds are lent out, they are held in trust by an independent custodian in a bank account at an Australian Authorised Deposit-taking Institution.
Finally, to satisfy obligations under our Australian financial services licence (AFSL) and Australian credit licence (ACL), we undergo a number of external audits every year. This ensures that investor funds are properly accounted for and our platform is operating as it should.