PlentiPlenti 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.
At a glance
- Fixed
- 8.14%
- Loan size
- $5,000 to $250,000
- Upfront fee
- $500
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.14% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 32nd lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.14% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 32nd lowest of 47 |
Rates
Every rate Plenti publishes for this business loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Discount | P&I | - | - | 0.50% | - | Discount to standard rates where the vehicle is a new electric vehicles valued under $90,000 |
| FixedLowest 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 broke… | P&I | 7 yrs fixed | - | 8.14% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 10 Oct 2026 | Fixed, P&I, 7 yrs fixed | 7.84% | 8.14% | up 0.30 |
Each change is logged the night it appears in the rates Plenti publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
- When you take it out$500Credit Assistance Fee
- While you hold it$4.95 to $9.90 a monthAccount Management Fee
- When you close it or pay it off$200Discharge Fee
When you take it out1
- Credit Assistance Fee
Establishment/application fee payable on loan settlement
$500
While you hold it1
- Account Management Fee
Also known as the monthly account management fee
$4.95 to $9.90 a month
If a payment is late or fails1
- Direct debit dishonour fee
Payable where a direct debit repayment is dishonoured.
$25
When particular things happen1
- 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.
$30
When you close it or pay it off1
- Discharge Fee
Administration fee payable at the time of account closure.
$200
Other fees1
- Arrears Fee
A fee which is payable while the account is in arrears.
$15
Features
- Optional balloon at end of term (to a maximum limit determined by the selected loan term)
- Low-doc application, no financials required
Eligibility and limits
- Residency: Australian-based business applicants and entities only
- Available to businesses
- Amount $5,000 to $250,000
- 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
- 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.
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Published by Plenti under the Consumer Data Right, last changed by them on 9 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.