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Roll multiple debts into one home loan.

Accessing the equity in your home could allow you to refinance your existing home loan and payout existing debts. This could mean that you get a lower overall interest rate and may make repayments easier to manage with just one loan.

Every story is unique. A Pepper Money home loan for debt consolidation could help:

Combine multiple debts into one


Combine multiple debts into one

access a lower interest rate for existing personal debts


Access a lower interest rate for existing personal debts

Pay out tax debts, personal loans or education debts


Pay out tax debts, personal loans or education debts

Try our debt consolidation loan calculator

Simply add all the debts you’d like to consolidate to your existing home loan balance to estimate what your repayments might be on the one total loan amount.

For example, if you have $500,000 owing on your current home loan and would like to consolidate a $10,000 credit card debt and a $10,000 personal loan, then the total amount of your debt consolidation loan would be $520,000.

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

Important Information

This repayment calculator gives you an estimate of what your home loan repayments could be, based on information you have provided in the calculator. The calculator does not take into account loan establishment or application fees, nor government statutory or lender fees.  It is to be used as a guide only and does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it.

Want to know more about a Pepper Money home loan for debt consolidation? Check out these FAQs

Debt consolidation is the process of combining multiple debts into one single monthly payment. This can be a good way to combine multiple debts with higher interest rates (such as credit cards and outstanding bills) into a single lower-interest mortgage payment. This is achieved by transferring the balance of any other debts into the total balance of your mortgage repayment.

There is no limit to the number of debts you can consolidate as long as the outcome of the consolidation puts you in a better financial position. We can look to refinance different types of debt including credit cards, personal loans, car loans, private finance, tax and other business debts.

You will need to have documents supporting your current financial position such as recent bank statements, payslips or other proof of income, personal identification and a snapshot of your current asset and liability position.

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 Tax Returns, two years Tax Assessment Notice and & last 1 month’s business bank statements. If you are self-employed and unable to provide this documents, you may still qualify for an alternative documentation (alt doc) loan. For more details click here

At Pepper Money we can finance home purchases of up to 95% LVR, which means you can start to look at buying a house once you’ve saved at least 5% of the purchase price.

Remember, there can be extra costs involved when buying a house. You’ll often need to cover government and legal fees after settlement, which can’t be added to your home loan balance.

At Pepper Money, we offer a range of variable interest rates depending on your individual circumstances and the product you apply for. A decision on your rate will be 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)
  • The size of your deposit
  • Your source of income
  • Credit history
  • Assets and liabilities 
  • And whether the loan is to purchase an owner-occupied property or an investment property. 

Click here to learn more about our home loan products, or to get an indicative interest rate speak to one of our Lending Specialists on 137 377

There are fees and charges associated with every home loan which should be factored in when saving your deposit. For example, establishment/application fee, monthly administration fee, legal fees, stamp duty and mortgage risk fee (if applicable). 

Get in touch with one of our Lending Specialists on 137 377 to understand the full list of fees on a Pepper Money home loan and when these might apply. Alternatively you can view a high level summary of our home loan fees here

Your Pepper Money Home Loan Journey can take up to six weeks – this is the typical timeframe for a home purchase, however the process may be quicker if all the necessary documentation is provided sooner. 

Delays in decisions are often caused by incorrect or missing documentation. 

To learn more about Pepper Money Home Loan application process, click here or for more information speak to a Lending Specialists on 137 377.

Our home loan borrowing capacity calculator asks a few personal and financial questions to calculate an estimate of how much you may be able to borrow with Pepper Money. After finding out how much you could potentially borrow, you can then either speak to a lending specialist about your situation, or continue on to get an indicative interest rate online.

See how much I can borrow

Consolidating debts can be a good idea if you are able to roll-in existing debts with a higher interest rates into a single account with a lower interest rate. However, each persons individual needs and circumstances must be considered when deciding if debt consolidation is the correct choice.

There’s a lot to consider– including interest charges, cancellation fees and repayment terms. But in some instances debt consolidation can help reduce monthly interest charges and make payments more manageable. For example, it might be possible to consolidate outstanding credit card balances, bills, personal loans and car loans into one loan account.

Find out more about debt consolidation.

It's possible that the amount you owe may increase over time and become hard to manage. One way you could improve your short term financial situation is through debt consolidation. 

We are Australia’s number 1 non-bank lender - we’ve been awarded Best Non-Bank Lender three times – in 2017 and 2019 at the Australian Mortgage Awards and in 2018 at the Australian Lending Awards.

We live our mission every day: to help you 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 2000 to provide a fresh alternative for those people who needed a home loan that banks weren’t prepared to offer. We now also provide car loans, personal loans, loans for professional equipment, and commercial loans. Learn more about us here.

To see the full home loan FAQs, click here


Important Information

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

Help at hand

Here are some handy tips and guides to help you on your debt consolidation home loan journey.

For more of your questions answered visit our Help Centre.

Contact Pepper Money if you are experiencing financial difficulty