Certainty of repayments

Whether you’re buying your first home, refinancing or investing, Pepper Money's fixed rate home loan option could offer you the stability of knowing what your home loan repayments will be for the fixed interest rate term. Plus, you’ll have the flexibility to switch your fixed rate home loan with our no break fee feature.

2-year fixed rate home loan

Rates starting from*   

  Comparison rate^

6.09% p.a.    

|    

 4.73% p.a.

For new owner occupier fixed rate home loans, making principal and interest repayments. Up to 55% LVR. Click here to see the full interest rate range for our fixed home loan option.  

Ready to get started? Find out how much you could borrow and your repayments on a Pepper Money home loan using our online calculator.

Key benefits of a Pepper Money fixed rate home loan

Certainty of repayments
Certainty of repayments

Enjoy the certainty of repayments for up to 10 years on principal and interest loans.

Say goodbye to break fees
Say goodbye to break fees

$0 break fees or early repayment fees so you’ll have the flexibility to switch or pay out your loan at any time.

Flexible fixed interest rate terms
Flexible fixed interest rate terms

Enjoy the stability of longer fixed interest rate loan term options. We offer fixed interest rate terms of 2,3,5,7 and 10 years.

Split your loan
Split your loan

Choose to have a portion of your loan with a fixed interest rate and the remainder with a variable interest rate.

Unlimited extra repayments
Unlimited extra repayments

Get ahead on your loan with free extra repayments, at any time. (Redraw is not available during the fixed interest rate period)

Rate lock option
Rate lock option

Lock in our fixed rate with the rate lock feature (minimum fee of $750). Learn more >

Some of the situations we can help with

  • 90 day valid conditional approval
  • Discharged from bankruptcy 1 day considered
  • Borrowers with non-standard income
  • Past credit history considered
  • Gifted deposits considered
  • Unlimited debt consolidation
  • Additional income sources considered
  • Cash out for personal or business use
  • Alt doc options available
  • Borrow up to 95% property value (subject to eligibility criteria) 


Let’s get started

To see whether you could qualify for a Pepper Money home loan try our online calculator, where in less than five minutes we’ll provide an indicative interest rate and estimated monthly repayments. What’s more – it won’t impact your credit score.

Estimate my borrowing power

Fixed rate home loan option summary

Loan purpose Purchase or refinance an owner-occupied or investment property – including debt consolidation
Maximum LVR Borrow up to 95% of the property value of owner-occupied property and up to 90% for investment property (subject to credit eligibility criteria)
Maximum amount $2,500,000 up to 65% LVR (subject to credit eligibility criteria)
Minimum loan amount $50,000 (subject to credit eligibility criteria)
Loan terms 10 - 40 years (subject to credit eligibility)
Fixed rate periods 2, 3, 5, 7 or 10 years
Repayment options
  • Principal and Interest
  • Interest only (max 5 years)

Note: For loan applications with an interest only period, the fixed interest rate term must equal the interest only period. Interest Only is not available on 7 and 10 year fixed interest rate terms.

Repayment frequency Weekly, fortnightly or monthly (interest only is monthly)
Extra payments Unlimited extra payments permitted, free of charge
Redraw No redraw option during the fixed interest rate period
Split loan Yes, split loan options available
Rate lock Option to lock in your rate during application (at final approval)
Break costs No break fees or early repayment fees
100% interest offset sub-account No offset facility available for fixed rates


Like to know more? Call us now 137 377 or view the fixed rate fact sheet.

Fixed home loan interest rates  

  Owner Occupier Interest Rates
Principal & Interest (P&I)
Investor Interest Rates
Principal & Interest (P&I)
Loan term Fixed Interest rates* Comparison rates^ Interest rates* Comparison rates^
2 years 6.09% p.a. - 10.74% p.a. 4.73% p.a. - 9.57% p.a. 6.64% p.a. - 11.09% p.a. 5.29% p.a. - 9.93% p.a.
3 years 6.29% p.a. - 10.94% p.a. 4.95% p.a. - 9.83% p.a. 6.84% p.a. - 11.29% p.a. 5.51% p.a. - 10.19% p.a.
5 years 6.69% p.a. - 11.34% p.a. 5.45% p.a. - 10.40% p.a. 7.24% p.a. - 11.69% p.a. 6.02% p.a. - 10.77% p.a.
7 years 6.99% p.a. - 11.64% p.a. 5.96% p.a. - 10.95% p.a. 7.54% p.a. - 11.99% p.a. 6.54% p.a. - 11.31% p.a.
10 years 7.39% p.a. - 12.04% p.a. 6.72% p.a. - 11.70% p.a. 7.94% p.a. - 12.39% p.a. 7.29% p.a. - 12.06% p.a.

 

All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment. Try our online calculator to see how much you could borrow and get your personalised interest rate.

Not sure if a fixed rate home loan is right for you? Explore our variable rate home loan option.

 

Variable rate home loan >

Calculate borrowing power Call 137 377 Enquire now

Popular home loan questions

Here are some FAQs about applying for a fixed rate home loan option with Pepper Money.

How much you can borrow depends on your total income, living expenses, liabilities, and your credit history. You could estimate your borrowing capacity in under 5 minutes using our home loan calculator - it’s quick, easy and won’t impact your credit score.

See how much I can borrow

While a high credit score might help you get a rock-bottom interest rate, it may still be possible to apply for a home loan with a less-than-perfect credit score. While some banks often prefer to lend to those with a perfect credit history and high credit score, at Pepper Money, we take a real life approach to lending and look beyond just your credit score to see what we can do to help. .

Talk to a lending specialist about your situation. We’re here to help.

On some of our loans, we offer finance up to 95% of the purchase price, meaning you can start to look at buying a house once you've saved at least 5% of the purchase price. The deposit amount may also depend on the property and area you’re looking at purchasing.

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

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.

The interest rate offered, and fees and charges will depend on our assessment of a number of factors at the time of application including:

  • The size of your deposit
  • Nature of the security property
  • Loan to value ratio (LVR)
  • Your income
  • Credit history
  • Any assets you own
  • Any liabilities or credit obligations
  • Chosen repayment type – paying off interest-only, or principal and interest
  • The purpose of the loan – if it’s for an owner-occupier or investment property

The risk loading will apply for the loan term.

To get an indicative interest rate speak you can start by using our online borrowing power calculator, or speak to one of our Lending Specialists on 137 377

Yes, new fixed interest rate home loan applications will have the ability to lock in the applicable fixed interest rate at the time of final approval for 90 days. The fixed rate applicable will be the lower of the interest rate locked in at the time of final approval or by exception if we receive your rate lock request after final approval) or the actual fixed rate at the time of settlement. By locking in a fixed rate, it ensures that if rates increase during the fixed rate lock period the higher interest rate will not be applied.

The rate lock period lasts for 90 days. If the rate lock expires, and no action is taken, then the fixed interest rate on the day of loan settlement will apply. Y You can request a new rate lock which will lock in the fixed interest rate for a new 90-day period from the date of the new rate lock request. The applicable rate lock fee will apply to this new rate lock request.

A non-refundable once-off fee will apply for Fixed Rate Lock requests which will be charged at settlement. You can choose to have the rate lock fee capitalised into the loan or deducted at settlement. The rate lock fee will still be charged even if fixed interest rates decrease.

If the rate lock fee is capitalised to the loan this will increase the loan to value ratio (LVR), and you will pay interest on the rate lock fee.

We give you the flexibility to choose between a fixed, a variable rate, or both, on your Pepper Money home loan.

Fixed interest rate

 A fixed interest rate home loan simply means that you ‘fix’ the interest rate at whatever the rate is at the time of settlement for a set term (2, 3, 5, 7 or 10 years). That means your interest rate and payments will remain the same over that period, regardless of any increases or decreases to interest rate changes.

A Pepper Money fixed rate home loan may suit borrowers looking for:

  • The certainty of fixed repayments
  • Ability to break fixed rate with no break cost
  • Unlimited additional repayments allowed without penalty (no redraw available)
  • Available for purchases, refinances, debt consolidation or cash out for investment or personal purposes

Variable interest rate 

 A variable rate loan is a loan with interest rates that are subject to change throughout the term of your loan. This may be due to changes to the official cash rate set by the Reserve Bank of Australia (RBA) or if your lender changes the interest rate.

Variable interest rates may suit borrowers looking for:

  • Flexibility with repayment frequency and free online redraw (manual redraw fee is $50)
  • Options to reduce interest with a fully transactional 100% offset account (monthly fee applies)
  • Available for purchases, refinances, debt consolidation or cash out for investment or personal purposes

For more information you can talk with one of our Lending Specialists on 137 377, they’re there to help. 

You can choose a Pepper Money split home loan. You can choose to have a portion of your loan with a fixed interest rate for a chosen loan term and the remainder with a variable interest rate. This can give you the flexibility of a variable interest rate loan and the repayment certainty of a fixed interest rate loan. Here’s how it works:

  • Choose a fixed rate term and know what the repayments and interest rate will be for that period
  • Enjoy the features of a variable interest rate loan, such as a free online redraw facility and a fully transactional 100% offset account (monthly fee applies to offset account and manual redraw requests)

We’re one of Australia's leading non-bank lenders! 

We were established in 2000 to help Australians achieve their financial dreams through providing flexible financial solutions that factor in the ups and downs of real life. Since then, we’ve become one of the largest, award-winning non-bank lenders in Australia and New Zealand.

Don't just take our word for it

Most recently we were recognised as Australia's Best Specialist Lender 2021 nine years running, and Best Non-Bank Lender 2021.

Read more >

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Help at hand

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

Important Information

Information and interest rates are correct as at 15 July 2022 and subject to change at any time. Offers and promotions may be continued, withdrawn, or changed at any time without notice.

All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply.  Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice.  If you require financial or tax advice you should consult a licenced financial or tax adviser.  

Pepper 2 year fixed interest rates range from 6.09%p.a.-11.69%p.a (Comparison rates range from 4.73%p.a.- 10.29%p.a.^). All fixed interest rates available on this page. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.

^All Comparison Rates are calculated based on a secured loan of $150,000 and a term of 25 years. 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.

This Pepper home loan borrowing estimate does not constitute a quote, pre-qualification, formal approval for credit or an offer for credit and you should not enter commitments based on it. The specific details of your loan if an application is approved will be provided in your loan contract.