Plenti Commercial Advantage Loan
A commercial asset finance product for business customers. Offers fixed repayments for the full loan term. Available for the purchase or refinancing of motor vehicles and commercial trucks via accredited brokers. Credit subject to approval.
- From
- 7.64%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount Discount to standard rates where the vehicle is a new electric vehicles valued under $90,000 | 0.5% | — | — |
| Fixed · 7 years Lowest rate available, depending on credit criteria and vehicle age. The actual rate offered may be higher and will be determined by the details provided during your application, including your broker details. Interest for the loan for the agreed loan term is accrued at the commencement of the loan and is repaid as part of the repayments and on payout of the loan. Option to pay monthly instalments in advance or in arrears. | 7.64% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Credit Assistance Fee Establishment/application fee payable on loan settlement | Upfront | $500.00 |
| Account Management Fee Charged monthly · Also known as the monthly account management fee | Ongoing | $4.95 – $9.90 |
| Variation Fee Payable each time a customer asks to move a scheduled repayment to a later date and we agree to such a request. Plenti may agree to waive this fee. | Variation | $30.00 |
| Discharge Fee Administration fee payable at the time of account closure. | Exit | $200.00 |
| Direct debit dishonour fee Payable where a direct debit repayment is dishonoured. | Dishonour | $25.00 |
| Arrears Fee Applies for 1 week · A fee which is payable while the account is in arrears. | Late payment | $15.00 |
Features
- Optional balloon at end of term (to a maximum limit determined by the selected loan term)
- Extra repayments
- Early payout available at any time. Payout figure calculated as the net present value (NPV) of remaining scheduled repayments discounted at the contract rate minus 3%.
- Low-doc application, no financials required
Eligibility
- Business customersBusiness entities: sole traders, companies, unit trusts and discretionary trusts. Australian Business Number (ABN) required.
- Residency status — Australian-based business applicants and entities only
- Guarantor required for all company and trust entity applicants.
- ABN registration of at least 1 year and GST registration of at least 3 months required
- Vehicle not to be used for ridesharing or leasing
Constraints
- Minimum limit — $5,000.00Minimum loan amount $5,000
- Maximum limit — $150,000.00Maximum loan amount $150,000 for motor vehicles and trucks up to and including 4.5t GVM
- Maximum limit — $250,000.00Maximum loan amount $250,000 for trucks over 4.5t GVM. Eligibility criteria applies.
- Loan terms range from 2 years (P2Y) to 7 years (P7Y)
- Maximum eligible asset age at origination is 12 years
- At any point in time during the loan, the vehicle age cannot exceed 15 years.
- Must be submitted through a Plenti accredited introducer.
Published by Plenti under the Consumer Data Right · Last updated 10 July 2026 · Product ID 5f215042-9347-4877-9a80-67f67eb8f661 · View Source Data (JSON)