Invest $1000 on The Plus or Flex Market for over 3 Months, Get $100 Bonus (Existing Users Only) @ Plenti

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rbin on 13/12/2022 - 11:48 plenti.com.au (259 clicks)
Last edited 13/12/2022 - 12:41 by 2 other users

Invest $1000, get $100 bonus. Existing customers only

As a thank you for being a valued investor on the Plenti Lending Platform this year, for a limited time only, we're offering our valued investors a special bonus promotion.

Simply invest 1000 or more on the Plus Market or the Flex Market for over 3 months before December 31st. You'll then receive a 100 bonus into your Plenti investing account.

Steps:

1. Log in to your investor portal
2. Create a new order of 1000 or more on the Plus Market, or the Flex Market
3. You'll receive your 100 into your investing account once your investment has been active for 3 months

Terms: https://www.plenti.com.au/terms/100-investor-bonus/

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Plenti (Previously RateSetter)

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  netjock on 13/12/2022 - 12:03

  Sneaked my investment in yesterday before everyone else caught on.

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  67Gateway on 13/12/2022 - 12:08

  Is this targeted?
  I didn't receive such email

  • 

    roadeh on 13/12/2022 - 12:33

    +1

    Likewise, but the eligibility criteria sound pretty generic - nothing about selected users:

    2.1. The Member is eligible to receive one (1) Bonus upon meeting the following conditions (the ‘Eligibility Criteria’):

    2.1.1. The Member is an accepted member of the Plenti Lending Platform on or prior to 7 December 2022;

    2.1.2. During the Offer Period, the Member must transfer AUD$1,000 or more into their holding account on the Plenti Lending Platform and place orders in the Plus Market or Flex Market such that a total of at least $1,000 is ‘on loan’ to borrowers in the Plus Market or Flex Market; and

    2.1.3 The Member’s must continue to have that money ‘on-loan’ (and not withdraw or transfer any amount back to the Member’s Portfolio), in the Plus Market or Flex Market for a minimum period of three (3) consecutive months in order to be eligible for the Bonus. 

    2.4. Any Member who holds an AFSL, acts as an authorised representative under another person’s AFSL, carries on business as a financial advisor or planner, or otherwise carries on a financial services business in accordance with the Corporations Act 2001 (Cth) is ineligible to receive a Bonus.

    • 

      powerhead on 13/12/2022 - 12:38

      2.1.3 The Member’s must continue to have that money ‘on-loan’ (and not withdraw or transfer any amount back to the Member’s Portfolio), in the Plus Market or Flex Market for a minimum period of three (3) consecutive months in order to be eligible for the Bonus.

      how can you invest in Flex (aka 1 month) market and at the same time satisfy this condition?

      • 

        slickvic on 13/12/2022 - 13:39

        Yeah I'm struggling with this as well. It seems they could easily return the money to you after 1 month and then void the bonus, unless there's a way to specify you want it loaned for a specific term (eg 3 months)?

        • 

          powerhead on 13/12/2022 - 14:00

          @slickvic: Use the reinvestment mechanism, however technically it still works via the holding account. And there’s a risk the reinvestment is not matched with “borrowers”.

          Clear as mud.

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  Kaz0551 on 13/12/2022 - 12:10

  Funding does a higher return for < 12 months. 7-7.35% for 3-12 months depending on opportunity. I think their min is $50,000 though.

  • 

    slickvic on 13/12/2022 - 22:12

    Where you are seeing this?
    I'm seeing the Plus market at around 6% - with a 3-7 year term. Unless I'm missing something …

    • 

      Kaz0551 on 13/12/2022 - 22:30

      +1

      Funding.com.au

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  alidli on 13/12/2022 - 12:25

  Sounds all Egyptian to me.

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  TheSnyper on 13/12/2022 - 14:11

  I never got my join bonus when I joined a couple of years ago. I used it for a year then realised my other investments performed much better so pulled everything out.

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  shoppe on 13/12/2022 - 15:39

  If a recession hits, these types of lending might get risky.

  • 

    powerhead on 13/12/2022 - 17:15

    they've been around since 2015 and went OK during covid in 2020

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  shoppe on 13/12/2022 - 23:52

  +1

  Investors are taking all the risk. Reminds me of AAA rated sub prime bonds.

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  basketcase86 on 30/12/2022 - 12:43

  +1

  I put my 1k in at 6.5% plus the 10% they give… 16.5% is solid. Can only see them fold if I prolonged recession hits… I wouldn’t suggest putting your life savings in but personally I have 3 odd k in and have had it for a couple years. Use to be called rate setter.