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 or a minimum of 5% genuine saving is required  
  • Cash out available up to 90% LVR 
  • 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 
  • Variable interest rates starting from 3.96% p.a (comparison rate 4.15% p.a). *
  • Phone & internet transaction functionality

Product Summary

Loan purpose Purchase or refinance of owner occupied or investment properties. Cash out available for personal purposes
Maximum LVR Borrow up to 95% of the property’s value for purchases and 90% for refinances. 80% for alt doc loans
Maximum amount $2,000,000 up to 70% LVR
Minimum amount $100,000
Maximum term 30 years (subject to expected retirement age)
Minimum term 10 years
Interest structure Principal & interest OR interest only (interest only available to a maximum of 5 years on Pepper Essential PLUS only). Additional terms and conditions apply to interest only loans
Repayment frequency Weekly, fortnightly or monthly (interest only is monthly)
Extra payments Permitted
Statement frequency 6 monthly or on request (a fee applies for requested statements)
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.

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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  • Tax returns not completed
  • Payout business/tax debt
  • Newly self-employed 

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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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  • 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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  • 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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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.

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Home loan repayment
Home Loan Repayment Calculator

Work out your monthly or fortnightly mortgage repayments and the total interest payable for the life of the loan.

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Stamp duty
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? 

Indicative approval

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

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one on one help

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

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Help at hand

*Interest Rates start from this amount, are correct as at 8 July 2019 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower's circumstances. All Comparison Rates are calculated based on a secured loan of $150,000 over a 25 year term. 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. 

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