Ready to take the next step?
Thinking that's outside the tick box
We understand that everyone’s situation is different. That’s why instead of simply ticking boxes, like most, we get a bigger picture of you. And we won’t make any notes on your credit file without your okay.
To paint that bigger picture, we begin with 4 things and fill in details around them the more we talk with you.
- What you do – how you make a living, full-time, part-time, casual, or run your own business
- What you own – your assets, do you own a home or investment property or have you saved a deposit?
- What are your outgoings? – your liabilities, do you have a mortgage, car payments or credit card debt? Do you have a business debt or ATO debt? What are your living expenses?
- What you missed – your credit history, do you have any defaults, missed loan repayments or missed bills?
Even if any of these things are complicated in any way, we’ll do our best to help. We get the level of thinking and planning in a venture like property investment so we keep things at our end as simple, streamlined and flexible as possible, to make sure the process doesn’t become a process.
A range of home loan solutions for borrowers with a clear credit history.
Balanced home loans for borrowers who haven't had a credit problem in the last 2 years from our Easy range.
Real home loan options for borrowers whose circumstances have made getting a loan challenging, from our Advantage range.
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 (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.
It is important to factor in the additional costs you will need to cover when you are taking out a loan.
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.
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 13 73 77 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.
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.
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.
For more of your questions answered visit our Help Centre.