Personal Loans
- Interest rates starting from 7.45% p.a.* (9.07% p.a. comparison rate**)
- Get your rate before you apply - it won't impact your credit score
What you get with Pepper Money Personal Loans
You can get your individual rate upfront without impacting your credit score.
$0 early repayment fee if you decide you want to pay your loan off faster. Choice of secured or unsecured loans.
We'll aim to give you a decision within 5 hours. Funds in account next business day. Apply online in 10 minutes or call us.
Personal loan product features
| Feature | Unsecured Loan |
| Interest Rate | Fixed interest rates range from 7.45%pa - 16.95%pa* (9.07%pa - 18.53%pa comparison rate**) |
| Easy online application process | 10-minute online or by phone (1300 108 794) |
| Loan Term | 18 months to 36 months (<$7,999) and 84 months (>$8,000 to $40,000) |
| Loan Amount | $5,000 - $40,000 |
| Funds paid into your account | Next business day following approval (subject to your bank's direct credit processing times) |
| Repayment Frequency | Weekly or Fortnightly |
| Repayment Facilities | Direct Debit |
| Fees and Charges | Loan Establishment Fee | 4% of loan amount, capped at $495 Security Registration Fee* | $20 Account Administration Fee | $13 per month Early Repayment Fee | $0 |
For more information about our secured loans and unsecured loans please click here or call us on 1300 108 794.
Personal loan calculator
Calculate your repayments on a personal loan, based on your borrowing amount and the period of time over which you’re looking to pay it back.
You can use the loan for almost anything
Still not found what you're looking for?
Pepper Money offers a wide range of borrowing solutions, tailored to your individual needs. Speak to a Lending Specialist today and let us do the hard work for you. Call 13 73 77 or click below learn more about our asset finance products.
Popular questions...
You can apply online and complete the online application in as little as 10 minutes. You’ll get your individual rate before you apply. Or you can apply over the phone (1300 108 794) by speaking with one of our friendly Lending Specialists. To view the eligibility criteria, click here.
Getting your individual rate is quick and easy and won’t affect your credit score. You will know your rate before you apply by clicking on and completing the online form on the get my rate page. You will receive your rate within one minute and this rate won’t change when you continue on and submit your online application.
You can use your Pepper Money personal loan for almost all purposes. This could be anything from a holiday, home improvements, household furnishings, car purchase or repairs, auto upgrades, debt consolidation, educational expenses, medical and cosmetic surgery, dental surgery, mortgage cost funding, vehicle deposit funding, and even a wedding, funeral or sporting equipment.
We do not offer loans for the following purposes:
- Debt consolidation of Pay Day lender debts
- Payout
- Rental
- Mortgage and credit arrears
- Payment of defaults and judgements
- Loans for business purposes
Yes, however the way our application process works is we first allow you to access your individual rate for free without it affecting your credit score. If you decide to proceed to an application, a credit check will be done.
A secured loan is secured against an asset that you own. This will be your car or other vehicle that can be registered as security against the loan. That means if you fail to make repayments on a secured loan, the asset (the security) may be taken [repossessed] as part of the agreement and sold with the proceeds of the sale used to cover the outstanding balance on the loan. Due to these loans being secured against assets, consumers can often borrow more at a lower interest rate, in comparison to an unsecured loan.
An unsecured loan is simply a personal loan that is not secured against an asset. Unsecured loans are usually offered at lower borrowing amounts and with a higher interest rate.
Pepper Money offers both unsecured and secured personal loan products.
Once you’ve received full approval on your loan and we have received the necessary documentation, the funds will typically be transferred into your nominated bank account the next business day (subject to your bank’s direct credit processing times).
Unfortunately at this time we do not accept applications for personal loan borrowers that have defaults on their credit report.
Your application can be retrieved here.
NOTE: You'll need your email address, date of birth and phone number handy.
If you're still having trouble, please contact us on 1300 108 794.
For the full FAQs click here.
Help at hand
5 important questions to ask about a personal loan
Secured or unsecured loans: What's best when buying a car?
Personal loan tips for the self-employed
For more of your questions answered visit our Help Centre.
*Interest rates range from 7.45% p.a. (9.07% p.a. comparison rate) to 16.95% p.a. (18.53% p.a. comparison rate). Rates are correct as at 23 June 2020 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 an unsecured loan of $30,000 over a 5 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.
Loan repayment terms range from 18 to 84 months for secured loans. Repayment terms range from 18 to 36 months for unsecured loans between $5,000 and $7,999, and 18 to 84 months for unsecured loans from $8,000 to $40,000.
EXAMPLE: An unsecured personal loan of $30,000 borrowed over a term of 5 years with the minimum interest rate of 7.45%p.a. (9.07%p.a. comparison rate), would equate to an estimated minimum total amount payable of $37,741.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.
Pepper Money Personal Loans is a brand of Pepper Group Pty Limited ABN 55 094 317 665, Australian Credit Licence Number 286655. Credit is provided by Wingate Consumer Finance Pty Ltd, Australian Credit Licence Number 425142 as agent for Wingate Finco 2 Pty Limited ACN 164 213 030. All applications are subject to the credit provider’s credit criteria. Terms, conditions, fees and charges apply. Personal information for Pepper Money Personal Loans is collected, used and disclosed in accordance with Pepper’s Privacy Policy & the credit provider’s Privacy Policy.