CosmediLoans vs Plenti: Medical Loan Comparison
Quick Verdict
Plenti (formerly RateSetter) is a peer-to-peer lending platform offering competitive personal loan rates in Australia. Their rates are among the lowest in the direct lender market, starting from around 7.99% p.a. CosmediLoans compares Plenti alongside 20+ other lenders and can often match or beat their rate. Plenti is a strong direct option for borrowers with excellent credit. CosmediLoans is better for rate comparison, higher loan amounts, and patients who want broker support.
Feature Comparison
| Feature | CosmediLoans | Plenti |
|---|---|---|
| Maximum Amount | $2,000 – $100,000 | $5,000 – $50,000 |
| Interest Rate | subject to lender assessment (personalised) | subject to lender assessment (fixed) |
| Repayment Term | 1 – 7 years | 1 – 7 years |
| Lender Options | multiple lenders compared | Single lender (Plenti only) |
| Establishment Fee | Varies ($0–$450) | $399 |
| Early Repayment | Depends on lender (many $0) | No early repayment fee |
| Funding Model | Traditional bank lending | Peer-to-peer lending |
| Best For | Comparing the full market | Borrowers with excellent credit who want peer-to-peer |
How CosmediLoans Works
CosmediLoans matches you with a personal broker who compares rates from over 20 lenders across Australia. Your broker finds a suitable available option for your procedure and manages the entire application process. The service is free, and the initial credit check is a soft pull with no impact on your score.
How Plenti Works
Plenti is a peer-to-peer lending platform where investor funds are matched to borrower loans. You apply online, and Plenti offers a rate based on your credit profile. They're known for competitive rates and a straightforward digital process. A $399 establishment fee applies to personal loans.
Who Should Use Which?
Choose CosmediLoans If…
- You want to compare Plenti's rate against 20+ alternatives
- You need a loan above $50,000 or below $5,000
- You prefer a broker who manages the full process
- You want to ensure you're getting a suitable available option
- Your credit profile is imperfect and you need specialist lender access
Choose Plenti If…
- You have excellent credit and want a competitive direct rate
- You prefer dealing directly with the lender, no intermediary
- You like the peer-to-peer lending model
- You value no early repayment fees
Check your quote before choosing Plenti
Send through the treatment amount when you are ready. A broker can compare lender options before you commit to a clinic plan, BNPL option or credit card balance.
Check options for my quote
Submitting this enquiry is not a credit application