Why choose Pepper Money home loans

Our flexible approach to home loans factors in the ups and downs of real life. From those with a perfect credit history, the recently self-employed, those with credit history issues, or borrowers with alternative income sources – we’re here to help those from all walks of life.

  • We offer flexible home loans suited to your situation
  • Variable interest rates matched to your individual financial circumstances
  • You can deal direct with a decision maker and receive assistance the whole way through.

Best Non-Bank Lender 2019

Australia's best Specialist Lender and Non-Bank

A great range of home loan options

Pepper Prime

Diligent with your money and a squeaky-clean credit history? Our Prime loan option offers you the flexibility to achieve your property ambitions.

Rates from*
Comparison rate^

For new Prime variable rate home loans up to 80% LVR.

  • Non-genuine savings accepted up to 90% LVR
  • Cash out for acceptable purposes, subject to limits (conditions apply)
  • Up to four debts can be consolidated
  • Paid defaults up to $500 may be considered
  • Offset sub-account
  • Free redraw facility
  • Extra repayments permitted
  • Visa debit card access
  • Interest only payments available

Pepper Near Prime

Had a couple of defaults or credit blips in the past? Our Near Prime loan option could help you move onto the property ladder despite a few minor financial hiccups.

Rates from*
Comparison rate^

For new Near Prime variable rate home loans up to 70% LVR.

  • Non-genuine savings accepted
  • Unlimited cash out up to 85% for acceptable purposes
  • Unlimited debt consolidation
  • 1 year's tax return considered
  • 1 form of income verification for self-employed considered
  • Discharged from bankruptcy 1 day considered
  • Defaults, judgements and writs > $1,000, listed > 24 months
  • Offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available

Pepper Specialist

Recently self-employed, recovering from bankruptcy, or getting back on track after a life-event? Our Specialist loan option could be the flexible answer to finance that you’re looking for.

Rates from*
Comparison rate^

For new Specialist variable rate home loans up to 70% LVR.

  • Up to 40 years loan term
  • Non-genuine savings accepted
  • Accept defaults registered less than 12 months ago
  • Mortgage arrears within the last 6 months accepted
  • Apply with just 6 months ABN or GST registration
  • Discharged from bankruptcy by 1 day considered
  • Consolidate unlimited debts
  • Offset sub-account
  • Free redraw facility
  • Extra payment permitted
  • Visa debit card access
  • Interest only payments available


All applications subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply.

Try our Home Loan Repayment Calculator

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

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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 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.

Popular home loan questions...

Here are some FAQs about applying for a home loan with Pepper Money.

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, which means you can start to look at buying a house once you’ve saved at least 5% of the purchase price.

Remember, there can be extra costs involved when buying a house. You’ll often need to cover government and legal fees after settlement, which can’t be added to your home loan balance.

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

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 137 377

The total amount of interest that is paid on your mortgage is determined by your loan size, duration of the loan and the interest rate charged. Interest is usually calculated daily on your outstanding loan balance, then collected when you make a repayment.

As the interest rate is key to the total amount of interest payable over your loan, we’ve made it easy to get an indicative interest rate from Pepper Money online. We’ll firstly ask you to answer a few questions to determine how much you could borrow. Then we’ll ask a few more personal questions to access your credit file and provide you with an indicative interest rate.

Let’s get started

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 137 377 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 137 377.

Loan to Value Ratio, commonly referred to just as LVR, is the ratio of the loan size to the property purchase price. The size of the deposit plays a key role in determining the LVR, as usually the larger your deposit, the lower your LVR will be. It is a key part of the loan assessment process and it can affect how much you can borrow from a lender, as well as the interest rate charged and the need purchase mortgage insurance.

To calculate your LVR, divide the amount you need to borrow (e.g. $400,000) by the value of the property (e.g. $500,000) and multiply this by 100 to give you a percentage.

$400,000/$500,000 x 100 = 80% LVR. This would mean you have a 20% deposit of $100,000 towards your $500,000 property.

Learn more about LVR

While a high credit score might help you get a rock-bottom interest rate, it may still be possible to apply for a home loan with a less-than-perfect credit score. While the Big 4 banks often prefer to lend to those with a perfect credit history, at Pepper Money, we take a real-life approach to lending and look beyond your credit score to see how we can help you secure the best loan for your individual situation.

Talk to a lending specialist about your situation. We’re here to help

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 137 377.

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


Important Information

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

Help at hand

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

For more home loan tips, guides and your questions answered visit our Help Centre.

Important Information

Information and interest rates are correct as at 23 June 2022 and subject to change at any time. Offers and promotions are available for a limited time and may be continued, withdrawn, or changed at any time without notice.

All applications are subject to Pepper's credit assessment and loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

*Pepper Essential/Prime home loan variable interest rates range from 3.39-5.84%p.a. (Comparison rates range from 3.59%-5.72%p.a.^), Pepper Clear/ Near Prime home loan variable interest rates range from 4.24-7.94%p.a. (Comparison rates range from 4.52-7.90%p.a^.), Pepper Easy Near Prime home loan variable interest rates range from 4.30-8.09%p.a. (Comparison rates range from 4.58-8.05%p.a^.), and Pepper Advantage/Specialist home loan variable interest rates range from 5.19-9.04%p.a. (Comparison rates range from 5.49-9.05%p.a^.). 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 and a term of 25 years. 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.

Comparison rates for Variable Interest Only home loans are based on an initial 5-year Interest Only period.

Calculate borrowing power Call 137 377 Enquire now