A great range of variable rate home loans

Pepper Essential

A simple home loan for borrowers with a clear credit history

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  • Non-genuine savings accepted up to 85% LVR
  • Maximum of $20,000 cash our unless for a verified asset purchase (for example car, real estate or renovation quotes). Not available for business use.
  • Paid defaults up to $500 may be considered
  • No third party Lenders Mortgage Insurance (LMI) approval required
  • Up to four debts can be consolidated
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Pepper Easy

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

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  • Non-genuine savings accepted
  • Maximum of $20,000 cash our unless for a verified asset purchase (for example car, real estate or renovation quotes). Not available for business use.
  • No restrictions on length of employment for PAYG borrowers
  • Discharged from bankruptcy by 1 day considered
  • Unlimited debt consolidation
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Pepper Advantage

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

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  • Non-genuine savings accepted
  • Accept defaults registered less than 12 months ago
  • Mortgage arrears within the last 6 months accepted
  • Income verification required with ABN registered for 24 month, GST registered for 12 months
  • Discharged from bankruptcy by 1 day considered
  • Unlimited debt consolidation
  • 100% offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Why choose Pepper Money home loans

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.

  • Flexible home loans to suited to your situation. 
  • Deal direct with a decision maker and get guidance the whole way through
  • Variable interest rates matched to your circumstances

Best Non-Bank Lender 2018

Australia's Best Non-Bank and Specialist Lender

Try our Home Loan Repayment Calculator

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

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digits only, min-1 year, max-30 years

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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.

We offer a range of home loan options to suited to your situation

Self employed? Credit history issues? Income that doesn't tick the standard boxes?

We understand that in real life everyone’s situation is different. That’s why we keep our thinking flexible and look at a wide range of things when we assess any application for a home loan.

See what our customers are saying about us  

See what our customers are saying about us  

At Pepper Money we care what our customers think about us, which is why we encourage any feedback to help us continually improve our service.

Read the review on Product review >

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.

There are three things about Pepper Money home loans that make them flexible:

They are based on a deep understanding of your real life situation.
The way we approach our home loans is to take a good look at your current situation, at things like your credit history, income, and current financial commitments, to work out whether a loan is right for your current financial situation. This careful process of personal assessment allows us to provide loans to a wider range of customers than a traditional lender. So we can help more people.

We use risk based pricing.
Another important consideration that allows lending flexibility is around how home loan rates are set. A key reason they vary is based on the potential risk of lending money. Higher risk will often result in a higher rate. The type of things that decide how risky a loan might be are things like the amount of money someone has to put into a property, versus how much they are wanting to borrow – called the Loan to Value Ratio (LVR). LVR gives a good idea about how much borrowing power a person has, and the potential risk of lending to them. The more money a person has saved to put into the property, the lower the risk – which is why saving a good-sized deposit helps.

We offer helpful loan features
We offer flexibility on loan type and repayment schedules to help meet your current situation. We also offer loan features like redraw, offset sub accounts and linked Visa Debit Cards.

At Pepper Money this careful process of personal assessment, risk based pricing and loan features is what makes us different to the traditional lenders and allows us to provide more types of loans to help a far wider range of people. Talk to us on 13 73 77.

To see the full FAQs, click here

Help at hand

For more home loan tips, guides and 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.

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

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