Pepper Essential

A simple home loan solution

Is this you?

Got a clear credit history but need help because you don’t quite tick the usual loan applicant assessment boxes? You are not alone.

Here’s a simple, flexible home loan solution that might work for you.

Key features of a Pepper Essential home loan

Interest only repayments

  • Non-genuine savings – like an inheritance or bonus can be considered in the assessment 
  • Cash out available up to 90% LVR 
  • Interest only repayments available

100% interest offset sub-account

  • Up to four debts can be consolidated
  • 100% interest offset sub-account
  • Redraw facility and Visa debit card access

Alternative income verification methods available

  • No third party Lenders’ Mortgage Insurance (LMI) approval required 
  • Variable interest rates starting from 4.04% p/a (comparison rate 4.23% p/a). *
  • Phone & internet transaction functionality

Product Summary

Loan purpose Purchase or refinance of owner occupied or investment properties. Cash out available for personal purposes
Maximum LVR Borrow up to 95% of the property’s value for purchases and 90% for refinances. 80% for alt doc loans
Maximum amount $2,500,000 up to 65% LVR on Sydney / Melbourne Metro postcodes OR $2,000,000 up to 70% LVR for all other locations
Minimum amount $100,000
Maximum term 30 years (subject to expected retirement age)
Minimum term Not applicable
Interest structure Principal & interest OR interest only (interest only available to a maximum of 5 years on Pepper Essential PLUS only). Additional terms and conditions apply to interest only loans
Repayment frequency Weekly, fortnightly or monthly (interest only is monthly)
Extra payments Permitted
Statement frequency 6 monthly or on request (a fee applies for requested statements)
Offset Sub-account Yes - 100% interest offset sub-account is available. The terms and conditions applicable to offset sub-accounts are set out in the customer's loan agreement

Like to know more: Call us now 13 73 77. Or download a detailed product description >

Think Pepper Essential could be right for you?

Get an estimate on how much you can possibly borrow with Pepper in a matter of minutes, based on your income and financial commitments.

Find out now This calculator is to be used as a guide as to whether you may be able to borrow a certain amount only, based on the basic information you have provided. It does not provide you with formal approval for a loan and you should not enter commitments based on the result. If you need a formal approval, contact us now on 13 73 77 to discuss your needs.

Borrowing options

an image of a self-employed couple
  • Tax returns not completed
  • Payout business/tax debt
  • Newly self-employed 

Find out more >

non standard income
Non-standard income
  • PAYG income
  • Part time, casual or second job
  • Other income sources 

Find out more >

an image of a middle aged couple
Home buyer
  • Borrow up to 95% of the property value on some loans
  • Gifted deposits allowed
  • Borrowers with impaired credit history considered

Find out more >

an image of a middle aged investors
  • Interest only repayments available
  • Negative gearing benefits applied
  • Rental income considered for loan servicing

Find out more >

an image of a credit impaired borrower
Bad credit
  • Past defaults or late payments
  • Previous mortgage arrears
  • Refused credit by another lender

Find out more >

an image of a middle aged refinancer
  • Consolidate unlimited number of debts
  • Pay out private or solicitor debts
  • Cash out for personal use like home renovations

Find out more >

debt consolidation home loan borrower
Debt consolidation
  • Consolidate unlimited number of debts
  • Pay out an ATO tax debt
  • Impaired credit history considered

Find out more >

Home Loan Calculators

how much can i borrow
How much can I borrow?

Work out how much you may be able to borrow in today's home loan marketplace.

Calculate >

Home loan repayment
Home Loan Repayment Calculator

Work out your monthly or fortnightly mortgage repayments and the total interest payable for the life of the loan.

Calculate >

Stamp duty
Stamp Duty Calculator

Work out how much stamp duty you may need to pay on a property in each state in Australia.

Calculate >

Calculate borrowing power Call 13 73 77 Enquire now

We can help

Ready to apply or want to discuss your home loan needs? 

Indicative approval

Make an enquiry today and a Lending Specialist will contact you as soon as possible.

Make an enquiry now >

one on one help

Speak to a Home Lending Specialist on 13 73 77. They're here to help. 

Call 13 73 77 >

Help at hand

*Interest Rates start from this amount, are correct as at 19 September 2016 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower's circumstances. All Comparison Rates are calculated based on a secured loan of $150,000 over a 25 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. 

Note - All applications  are subject to Pepper's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.