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Many people believe that if you have a low income, you’re not eligible for a home loan. However, if your household income is supported by benefits outside of your standard employment income we will take this into consideration. Even if you have a poor credit rating you might still be eligible for a home loan with Pepper Money.

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What income sources are considered for a home loan?

At Pepper Money we consider different kinds of financial sources when evaluating loan applications. We look at part time employment, rental income, or regular government payments, and also allowances like Centrelink payments, child support payments, pensions (disability, retirement, overseas, veterans, etc.), and other money sources that you may have. 

Pepper Money: Real life home loans for non-standard income.

Speak to a Home Lending Specialist

Deal direct with a decision maker

individual and personalised assessment

Individual and personalised assessment

Home loan interest rates matched to your circumstances

Variable interest rates matched to your circumstances

Some of the income sources we accept

  • PAYG income
  • Self-employed income
  • Full time / part time / casual / second job
  • 80% rental income
  • Family payments – Part A and B
  • Child support
  • Centrelink income
  • Pension
  • Worker’s compensation
  • Income protection payments
  • Bonus / Commission / Overtime
  • Car allowance / Company vehicle

In the current environment, some of our regular home loan options may not be available. We are happy to discuss your situation to see if we can help.

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:

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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.

How our product range may be able to help you

Pepper Essential Home Loan
Pepper Essential

A simple home loan for borrowers with a clear credit history.

Pepper Easy Home Loan
Pepper Easy

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

Pepper Advantage Home Loan
Pepper Advantage

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

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.

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Home Loan Repayment Calculator
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 Calculator
Stamp Duty Calculator

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

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We can help

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

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

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Speak to a Home Lending Specialist

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

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Popular questions...

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 Financial Statements and Certified Tax Returns + Tax Assessment Notice. If you are self-employed and unable to provide these documentation, 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 85% 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. 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 13 73 77

There are fees associated with every home loan application which should be factored on top of your deposit. For example, establishment and ongoing administration of your loan account, legal fees, stamp duty and mortgage insurance fees.

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. 

To learn more about Pepper Money Home Loan application process, click here or for more information speak to a Lending Specialists on 13 73 77.

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 FAQs, click here

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For more of your questions answered visit our Help Centre.

Important Information

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