The Reserve Bank of Australia’s recent decision to increase the official cash rate means that Pepper Money has also increased its interest rate for existing variable rate customers and anyone who has applied for a variable rate loan with us.
What do I need to know if I’m an existing customer?
From 18 May 2022 (the Effective Date), the interest rate that applies to your loan will increase by 0.25% p.a.
You will separately receive notice of your new interest rate and what your new repayments will be. Your repayments will not change until we notify you of these changes.
After the Effective Date, you can check your loan details online using LoanServiceNet.
We have a range of options available to help you manage your Pepper Money loan and support if you need it.
What do I need to know if I have an application with Pepper Money?
From 9 May 2022 (the Effective Date), the interest rate that applies to your loan application will increase by 0.25% p.a.
You will be notified of the change to your interest rate and repayment details upon settlement.
If you have any questions about how this rate change impacts your application, we recommend speaking with your broker or lending specialist.