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Max. eligible amount : $50,000

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In real life everyone’s situation is different.

Your credit situation is how we work out what interest rate we can offer you for a personal loan. Here’s an example of how credit situations, interest rates and repayments might work on a $15,000 loan with a 5-year term:

Excellent Credit Score

You have a long-term job, stable residence and a clean credit bureau history

Interest rate 9.99% p.a.*

Monthly repayment $318.63

Good Credit Score

You have a long-term job, stable residence with an active but clean credit bureau history

Interest rate 13.99% p.a.*

Monthly repayment $348.95

Average Credit Score

You are employed but you have a very active credit bureau history or a previous adverse credit or loan default event

Interest rate 20.99% p.a.*

Monthly repayment $405.27

Hint: Checking your indicative rates and repayments will not affect your credit scores.


Voted best Non-Bank in Australia because we look at finance differently.


We design flexible loans that fit your personal situation and explain exactly how they work.

Best Non-Bank Lender 2018

Why choose Pepper Money

no hidden fees
No hidden upfront or ongoing fees

$0 establishment fee and $0 monthly account keeping fees

smart online application
Smart application

Apply online from any device. Find out fast where you stand.

Pepper Personal Loan Size
A range of loan sizes

Loan amounts from $5,000 to $50,000

You can use the loan for almost anything

debt consolidation
Debt Consolidation

Roll your debt into one easy-to-manage loan.

holiday loan

We can get you there, wherever it may be.


Home improvements made easy.

wedding loan

Take the stress out of planning your big day.

Ready to apply?

You can find out how much you’re approved to borrow with our simple online application process.

Apply online

How our personal loans work: FAQ's

Interest Rate Type  Variable Fixed
Interest Rate Starting from 9.99% p.a. comparison rate*
Easy online application Yes
Loan Terms 1 - 7 years
Loan Amount $5,000 - $50,000
Funds paid into your account Next business day following approval
Account Statements 6 monthly
Flexible Repayments Weekly / Fortnightly / Monthly
Repayment Facilities BPAY / Direct Debit / Direct Credit
Monthly account keeping fees $0
Break fee - if early repayments exceed an amount equal to three months' repayments or more N/A $150
Early repayment fee - if you repay your loan in full prior to the end of the term  N/A $300

The way we set interest rates is through what we call ‘risk based’ pricing. That means we look at a range of things alongside your credit history, like income, employment, residence and current financial commitments to work out the loan that might suit your situation. A higher risk profile – for example one with a fair few credit history issues – is often something we can help with, but it will increase the interest rates we are able to offer. We also look carefully at whether paying back the loan will be manageable for you, with what’s called a serviceability assessment. That’s because our job is to help – not to create hardship. This careful process of personal assessment is what makes us different to the banks and allows us to provide loans to a wider range of customers than a traditional lender.

There are two main loan types - secured and unsecured. So what’s the difference?

Secured Loan - A secured loan is most often used to buy valuable possessions [assets] like cars (or other assets) and the asset is then used as security against the loan. That means if you fail to make repayments on a secured loan, the asset (the security) may be taken [repossessed] and sold with the proceeds of the sale used to cover the outstanding balance on the loan. With a secured loan, because the loan is ‘asset backed’, the interest rate may be  lower. Find out more about our Car Loans & Equipment Finance >

Unsecured Loan - These loans are often taken out to cover the cost of smaller spending items like a home renovation or holiday – or to consolidate multiple smaller debts into one to help get finances back on track. With an unsecured loan the borrower isn’t providing any security for the loan. This means that the interest rate may be higher as there is no asset to be repossessed and sold in the event of a default.

Any properly regulated financial services business offering loans – like us, or the banks – will make an enquiry about a loan applicant to check on their credit history. Those enquiries go to an official credit reporting body and are used to generate a credit score. This score is used to understand the creditworthiness of the applicant - and is used to work out if you qualify for a loan, at what interest rate, and with what credit limits. Lots of factors can impact your credit score including the number of enquires you make, adverse credit listings and other personal information held on your credit file. To find out how to check your credit score [without affecting it] and more read this article.


We give you the flexibility to choose between a fixed or variable rate on your unsecured personal loan.

Fixed interest Rate - A fixed interest rate gives you the comfort of knowing that your interest rate is ‘fixed’ and the certainty that your repayments will not change for the life of the loan. You will have the flexibility to make some additional repayments or pay out your loan ahead of the loan term, however fees may apply if you pay out early.

Variable interest Rate – With a variable interest rate loan, your loan rate and repayments may rise or fall as interest rates change. However, unlike a fixed rate loan, variable rate loans give you the flexibility to make extra repayments or repay your loan in full ahead of the loan term, without paying any additional fees.

The way our application process works is we give you what we call an ‘indicative serviceability assessment’ before we do any formal credit check. This means, based on the information you provide, we work out if the loan looks like it will fit your financial situation. This step is important because our job is to provide help not create hardship with a loan; we need to be sure that paying back the loan would be manageable for you. You will always be notified before the next step, when the official credit check takes place. When you are at that stage in the process we make sure you give consent for us to access your credit file before we do.

We only accept applications from 1 borrower currently. That’s why it is called a personal loan. So the person applying is the one who has full responsibility for any loan that gets approved.

We will consider applications that have defaults providing they pass our overall credit score and application lending criteria.

We are Australia’s number 1 non-bank lender, as voted by the Australian Lending Awards 2018, and we live our mission every day: to help people succeed.

We specialise in working on each individual application so we can fully understand your real life situation and help find a suitable solution.

We were set up in 2001 because so many people needed home loans that banks weren’t prepared to offer. Since then we’ve helped over 200,000 Australians who don’t tick all the traditional boxes for home loans – and we also provide personal loans as well as professional equipment and car loans. Learn more about us here.

*Interest rates range from a minimum of 9.99% to a maximum of 27.99% p.a. Rates are correct as at 15 October 2018 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

**All Comparison Rates are calculated based on an unsecured loan of $30,000 over a 5 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Pepper Group Limited ABN 55 094 317 665; Australian Finance Services Licence 286655; Australian Credit Licence 286655 Pepper Asset Finance Pty Ltd ACN 165 183 317; Australian Credit Licence 458899 © Copyright 2018 Pepper Group Limited, All rights reserved.

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