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The way we work here in Australia has really changed over the last 20 years. More people are working for themselves, doing more than one job or working different sorts of hours.1

Real working life in Australia is pretty varied. 17% of Aussies are self-employed, with around 1 million being independent contractors. And we don’t all do a 40-hour week; nearly a third of us work part time.2

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That’s why proof of ‘standard income’ is often something we don’t have when it comes to applying for a home loan.

Yet research shows that 26% of Aussies that were turned down for a loan were declined because of employment status3. What’s the alternative? It’s Pepper Money – Australia’s Best Specialist Lender.

If you’re having trouble because of your type of employment or because your income type doesn’t tick the right boxes (non-standard income) talk to us at Pepper Money, we'll do our best to help find a way forward.

Pepper Money: Real life home loans for self employed borrowers.

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Deal direct with a decision maker

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Individual and personalised assessment

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Competitive interest rates matched to your circumstances

Some of the situations we can help with

  • Newly self-employed (12 months ABN accepted)
  • Tax returns not completed (alternative income documentation accepted)
  • Failed to meet Lenders Mortgage Insurance requirements
  • Cash out for approved business purposes
  • Payout business/tax debt
  • Borrowers with impaired credit history considered

Try our Home Loan Repayment Calculator

See what a Pepper Money home loan might look like for you.

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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

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Pepper Essential

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

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Pepper Easy

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

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Pepper Advantage

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

Find out more

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 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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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 on 13 73 77. They're here to help. 

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Popular questions...

There are two types of income documentation options available for self-employed borrowers; full documentation (Full Doc) and alternative documentation (Alt Doc). Note that we consider self-employed borrowers who have been in business for at least 6 months.

Full Doc Alt Doc
  • Two years Financial Statements and Certified Tax Returns + Tax Assessment Notice AND
  • A completed ‘Declaration of Financial Position’ plus any one of the following (or two for Pepper Essential home loan): 6 months Business Bank Statements, 6 months Business Activity Statements (BAS) or Pepper Accountant’s Letter (only available to borrowers who have been self-employed for a minimum of 12 months).
  • Evidence of ABN registration for 6, 12 or 24 months, depending on the loan type
  • Evidence of GST registration for 6 or 12 months, depending on the loan type
  • A completed ‘Declaration of Financial Position’ plus any one of the following: 6 months Business Bank Statements, 6 months Business Activity Statements (BAS) or Pepper Accountant’s Letter 

We also consider a range of income types for the self-employed including: 

  • Net profit before tax
  • Wages/salaries
  • Dividends and trust distributions
  • Addbacks such as depreciation and non-recurring interest charges
  • Superannuation contribution in excess of 9%

Note: All applications are subject to thorough credit assessment and loan suitability criteria. If you have any questions, give us a call on 13 73 77.

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. 

However, we recommend at least 10% as an ideal target as 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, as voted by the Australian Lending Awards 2018, and we live our mission every day: to help people 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 2001 because so many people needed home loans that banks weren’t prepared to offer. Since then we’ve helped over 200,000 Australians who don’t tick all the traditional boxes for home loans – and we also provide personal loans as well as professional equipment and car 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

*Interest Rates start from this amount, are correct as at 22 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.