Why choose Pepper Money

Since 2001, we’ve helped over 200,000 Aussies who don’t tick all the traditional boxes for a home loan.  

Choose between weekly, fortnightly or monthly repayments and make extra payments for free on any variable home loan.

  • Flexible home loans to suit a variety of situations. 
  • Deal direct with a decision maker and get guidance the whole way through
  • Competitive rates matched to your circumstances

Best Non-Bank Lender 2018

Australia's Best Non-Bank and Specialist Lender

Explore our variable rate home loans

Pepper Essential

A simple home loan for borrowers with a clear credit history

Starting from
4.16
%
p.a.
Comparison rate*
4.35
%
p.a.
  • Non-genuine savings considered up to 90% LVR
  • Cash out available up to 90% LVR
  • Paid defaults up to $500 may be considered
  • No third party Lenders Mortgage Insurance (LMI) approval required
  • Up to four debts can be consolidated
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Pepper Easy

A balanced home loan for borrowers who haven't had a credit problem in the last 2 years

Starting from
5.41
%
p.a.
Comparison rate*
5.78
%
p.a.
  • No genuine savings required
  • Cash out available for acceptable purposes including business use and ATO debt payout
  • No restrictions on length of employment for PAYG borrowers
  • Discharged from bankruptcy by 1 day considered
  • Unlimited debt consolidation
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Pepper Advantage

A real home loan for borrowers whose circumstances have made getting a loan challenging

Starting from
5.71
%
p.a.
Comparison rate*
6.08
%
p.a.
  • Accept defaults registered less than 12 months ago
  • Mortgage arrears within the last 6 months accepted
  • Alternative income verification available with 6 month ABN registration & 6 month GST registration
  • Discharged from bankruptcy by 1 day considered
  • Unlimited debt consolidation
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Try our Home Loan Repayment Calculator

See what a Pepper Money home loan might look like for you.

digits only, min-5000

digits only, min-1 year, max-30 years

digits with two decimals only

With a repayment frequency of:

Please select frequency

We offer a range of home loan borrowing options to suit your needs

Self employed? Credit history issues? Income that doesn't tick the standard boxes?

We understand that in real life everyone’s situation is different. That’s why we keep our thinking flexible and look at a wide range of things when we assess any application for a home loan.

See what our customers are saying about us  

See what our customers are saying about us  

At Pepper Money we care what our customers think about us, which is why we encourage any feedback to help us continually improve our service.

Read the review on Product review >

Popular questions...

For PAYG applicants we require two current payslips plus one of the following:

  • Most recent group certificate
  • Most recent tax return / taxation notice
  • Current letter of employment
  • Bank statements – to confirm last 3 months salary credits

For Self-Employed applications we need your last two years Financial Statements and Certified Tax Returns + Tax Assessment Notice. If you are self-employed and unable to provide the above documentation, you may still qualify for an alternative documentation (alt doc) loan such as, a completed 'Self-Employed Declaration of Financial Position'; plus one of the following options:

  • 6 months Business Bank Statements
  • 6 months Business Activity Statements (BAS) or 
  • Pepper Accountant’s Letter (only available for use on select products).

At Pepper Money we can finance home purchases of up to 95% LVR (subject to the loan meeting our eligibility criteria), which means you can start to look at buying once you have saved around 5% of the purchase price. However, we recommend working towards 10% as an ideal target.

The reason for the suggested 10% target is that when saving for your deposit it is really important to factor the additional costs you will need to cover when you are taking out a loan, including:

  • Establishment and risk fees such as mortgage insurance (generally these are up to 2% of the amount being borrowed)
  • Conveyancing and legal costs
  • Government fees including stamp duty (amounts vary based on State and other factors)
  • Title search and registration fees
  • Pest and building inspections
  • Home building insurance prior to settlement

If you’re interested in seeing how much you may be able to borrow for a home loan you can check out our calculator here

Rates refers to the interest rate, being the amount of interest you pay on your loan amount. Fees are the fees and charges that you pay for establishment and ongoing administration of your loan account.

The interest rate you will qualify for is based on a range of different factors, including: The amount you need to borrow against the property value, known as the loan-to-value ratio (LVR) and the size of your deposit, whether the loan is to purchase an owner-occupied property or investment property, or if you have had any past credit issues.

Click here to learn more about our home loan product options. At Pepper Money we offer a range of interest rates, depending on your individual circumstances. To get an indicative interest rate, please call 13 73 77 and speak with one of our lending specialists.

Your Pepper Money Home Loan Journey can take up to six weeks – this is the typical timeframe for a home purchase, however, we can help turn this around in closer to three weeks if you are ready to go with all the necessary supporting documentation.

To learn more about Pepper Money Home Loan application process, click here.

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.

Help at hand

Things you should know

*Interest Rates start from this amount, are correct as at 22 March 2019 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. 

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