Is this you?

Got a clear credit history but need help because you don’t quite tick the usual loan applicant assessment boxes? You are not alone.

Here’s a simple, flexible home loan solution that might work for you.

Key features of a Pepper Essential home loan

Interest only repayments

  • Non-genuine savings (like an inheritance or bonus) can be accepted up to 90% LVR 
  • Cash out for acceptable purposes, subject to limits. Not available for business use
  • Interest only repayments available

100% interest offset sub-account

  • Up to four debts can be consolidated
  • 100% interest offset sub-account
  • Redraw facility and Visa debit card access

Alternative income verification methods available

  • No third party Lenders’ Mortgage Insurance (LMI) approval required 
  • Phone & internet transaction functionality
  • Variable interest rates starting from 2.85% p.a* (Comparison rate 3.05% p.a^)

Home Loan Product Summary

Loan purpose Purchase or refinance of owner occupied or investment properties. Cash out available for specified purposes
Maximum LVR Borrow up to 95% of the property’s value for purchases and up to 90% for refinance
Maximum amount $2,000,000 for LVRs less than 70%
Minimum amount $100,000
Maximum term 30 years (subject to expected retirement age)
Minimum term 10 years
Interest structure Principal and Interest or Interest Only (Interest only maximum 5 years followed by Principal and Interest)
Repayment frequency Weekly, fortnightly or monthly (interest only is monthly)
Extra payments Permitted
Offset Sub-account Yes - 100% interest offset sub-account is available. The terms and conditions applicable to offset sub-accounts are set out in the customer's loan agreement


Like to know more: Call us now 13 73 77. Or download a detailed product description >

Think Pepper Essential could be right for you?

Get an estimate on how much you can possibly borrow with Pepper in a matter of minutes, based on your income and financial commitments.

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Find out now This calculator is to be used as a guide as to whether you may be able to borrow a certain amount only, based on the basic information you have provided. It does not provide you with formal approval for a loan and you should not enter commitments based on the result. If you need a formal approval, contact us now on 13 73 77 to discuss your needs.

Borrowing options

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Self-employed
  • Tax returns not completed
  • Payout business debt
  • Payout tax debt

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non standard income
Non-standard income
  • PAYG income
  • Part time, casual or second job
  • Other income sources 

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Home buyer
  • Borrow up to 95% of the property value on some loans
  • Gifted deposits allowed
  • Borrowers with impaired credit history considered

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Investor
  • Interest only repayments available
  • Negative gearing benefits applied
  • Rental income considered for loan servicing

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Bad credit
  • Past defaults or late payments
  • Previous mortgage arrears
  • Refused credit by another lender

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Refinancer
  • Consolidate unlimited number of debts
  • Pay out private or solicitor debts
  • Cash out for personal use like home renovations

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Debt consolidation
  • Consolidate unlimited number of debts
  • Pay out an ATO tax debt
  • Impaired credit history considered

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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.

Home Loan Calculators

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How much can I borrow?

Work out how much you may be able to borrow in today's home loan marketplace.

Calculate >

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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Calculate borrowing power Call 13 73 77 Enquire now

We can help

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

Get a quick borrowing estimate
Enquire today and talk to a Lending Specialist

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

Make an enquiry now >

Speak to a Home Lending Specialist

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

Call 13 73 77 >

Help at hand

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

Important Information

*From 14th September - 31st October 2020, Pepper Essential/Prime home loan variable interest rates range from 2.85-4.59%p.a. (Comparison rates range from 3.05-4.78%p.a.), Pepper Easy/Near Prime home loan variable interest rates range from 3.79-6.14%p.a. (Comparison rates range from 4.10-6.44%p.a.), and Pepper Advantage/Specialist home loan variable interest rates range from 4.99-7.14%p.a. (Comparison rates range from 5.29-7.44%p.a.). All Pepper home loan variable interest rates are correct as at 14th September 2020 and are subject to change at any time. The actual interest rate applicable will depend on the individual borrower's circumstances.

**Pepper Money interest rate promotion applies only for new Pepper Essential/Prime, Pepper Easy/Near Prime and Pepper Advantage/Specialist home loan applicants. Offer does not apply to existing borrowers. Applications must be submitted between 12:00am AEST 14th September 2020 and until 11:59pm AEST on 31st October 2020. Home loan applications lodged after the promotional period will be offered the current interest rates then applicable. Offer may be continued, withdrawn or changed at any time without notice.

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

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

Pepper Group Pty Limited ACN 094 317 665 Australian Credit Licence Number 286655 is the servicer of loans by Pepper Finance Corporation Limited ACN 094 317 647.