Real Life Fact: 1/5 Australians unexpectedly need access to finance

Posted 30-03-2018
an image of a young home owner


At present, there is an overwhelming discourse in Australia that lending simply revolves around mortgages and home ownership. However our research1 shows that this is not the case. There are many more reasons as to why Australians need to borrow money.

22% of Aussies require a loan out of the blue – varying from emergency car loans, new child costs, credit card repayment and education fees.

Pepper Money Director of Sales and Distribution, Aaron Milburn says, “Brokers looking for new opportunities of revenue growth and who want to remain relevant to their client base need to diversify by having alternative funding solutions and retention processes.” Opening the door to additional markets like personal loans will create a business with a point of difference that can service the ever-changing needs of their clients.

22% of Aussies require a loan out of the blue – varying from emergency car loans, new child costs, credit card repayment and education fees.

Whether Aussies need a loan to afford their children’s education or require funding for their dream holiday, a Pepper Money Personal Loan can help. We offer an easy online application and flexible repayment options, including no hidden upfront or ongoing monthly fees. With competitive rates our loans can be matched to your customers’ circumstances.

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Source:
1. Pepper Money customer data 2017