In real life things can change unexpectedly, and you may suddenly need to free up some cash.

You might have some urgent renovations. Or you're looking to get things under control and want to consolidate debts that are eating up your monthly pay cheque.

Whatever the reason, home loan refinancing may be an option for you to consider. But if your credit history isn't exactly up to scratch, you might have a hard time getting anywhere with the traditional lenders. There is an alternative. Where some say no, Pepper Money is willing to help.

A bad credit history doesn't mean you're history

credit history

Just because you might have missed paying a phone or electricity bill shouldn’t mean an instant black mark against your name.

We understand that things are not always black and white and there may have been circumstances beyond your control that resulted in late payments, a default or even bankruptcy. Real life happens.

That’s why we sit down with you for a one-on-one chat to learn more about your story. The more we know about you and your situation, the better we are equipped to find a solution.

Pepper Money: Real life home loans for the refinancer

individual and personalised assessment

Individual and personalised assessment

Speak to a Home Lending Specialist

Deal direct with a decision maker

Home loan interest rates matched to your circumstances

Variable interest rates matched to your circumstances

Some of the situations we can help with

  • 90 day valid conditional approval
  • Consolidate multiple debts (business and personal)
  • Pay out private or solicitor debts
  • Cash out for acceptable purposes like home renovations
  • Borrow up to 95% of the property value (available on some loans)
  • Borrowers with impaired credit history considered

Ready to take the next step?

Enquire now

Thinking that's outside the tick box

Our decision is not all about your credit history, good or bad. There’s a whole bunch of other things we look at. Instead of simply ticking boxes, like most, we like to get a bigger picture of you. And we won’t make any notes on your credit file without your okay.

To paint that picture, we begin with 4 things and fill in details around them the more we talk with you.

  1. What you do – how you make a living, full-time, part-time, casual, or run your own business
  2. What you own – your assets, do you own a home or investment property or have you saved a deposit?
  3. 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?
  4. 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.

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:

Please select frequency

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 home loan products may be able to help you

Pepper Prime Home Loan
Pepper Prime

A range of home loan solutions for borrowers with a clear credit history.

Pepper Near Prime Home Loan
Pepper Near Prime

Balanced home loans for borrowers who haven't had a credit problem in the last 2 years from our Easy range.

Pepper Specialist Home Loan
Pepper Specialist

Real home loan options for borrowers whose circumstances have made getting a loan challenging, from our Advantage range.

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.

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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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.

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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. 

Call 13 73 77 >

Popular home loan questions...

Here are some FAQs about refinancing a home loan with Pepper Money

Refinancing your home loan is the process of getting a new loan to replace an existing mortgage – this could be with the same lender through moving to a new product, or switching to a new mortgage with a different lender. While some may refinance their home loan to take advantage of a lower interest rate, others do so to consolidate their debts. Refinancing could also help you access any equity built up in a property. 

Keen to learn more? Read 'How to Refinance your Home Loan?’ 

Depending on your financial goals, there are potential benefits that can make refinancing seem like an enticing option. However, before you go and refinance to save a few basis points off of your existing interest rate, ensure you understand your current loan (including; the comparison rate, loan features, access to an offset or redraw account, and any break costs) and have reviewed your financial situation in full to decide if refinancing is right for you. 

Refinancing could be used to release equity that has been built up in your property. Depending on your overall financial situation, this could be used to finance an investment property or even pay for renovations.  

Refinancing your mortgage could also be a way to consolidate other debts you might have into a single loan. This could help save on loan admin fees, potentially higher interest rates, and also reduce the number of repayments made each month.

Keen to learn more? Read our article: What could Refinancing do for me? 

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. 

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 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. 

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.

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.

See how much I can borrow

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

Help at hand

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

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. 

Calculate borrowing power Call 13 73 77 Enquire now