Debts are easier to manage when there’s only one of them.
Around 79% of us have a credit card. And a surprising amount of us have more than one – around 1 in 4 people aged 35–54 hold more than 3 cards1. When you’re already managing a mortgage and monthly outgoings, that’s a lot of debt stress.
If you’re juggling payments on multiple loans – each with its own interest rates, conditions and balances – you might want to think about consolidating your debts. Debt consolidation just means combining all your existing debts into one simple new debt, with one interest rate and one regular payment. Then you can focus on paying it off as quickly as possible.
And with Pepper Money, the whole debt thing is even less stressful.
Get your indicative rate
Use our calculator to find out your unsecured personal loan indicative rate and how much your repayments might be. The better your credit rating the lower the interest rate you'll receive.
|Interest Rate Type||Variable||Fixed|
|Interest Rate||Starting from 9.99% p.a.* comparison rate**|
|Easy online application||Yes|
|Loan Terms||1 - 7 years|
|Loan Amount||$5,000 - $50,000|
|Funds paid into your account||Next business day following approval|
|Account statements||6 monthly|
|Flexible Repayments||Weekly / Fortnightly / Monthly|
|Repayment Facilities||BPAY / Direct Debit / Direct Credit|
|Monthly account keeping fees||$0|
|Break fee - if early repayments exceed an amount equal to three months' repayments or more||N/A||$150|
|Early repayment fee - if you repay your loan in full prior to the end of the term||N/A||$300|
With a Pepper Money unsecured debt consolidation loan you can borrow up to $50,000.
You can use our unsecured debt consolidation loan to consolidate your credit card or other personal loans. We don’t accept loan applications for pay day lender debts, credit arrears or payment of defaults.
We’ll pay funds into your nominated account on the next business day following approval. That means you’ll have the flexibility to pay your debts any way you want.
Pepper Money does consider applications that have defaults providing they pass our credit score and application lending criteria.
A credit score is generally provided by a credit reporting body and used to represent the creditworthiness of an applicant. Pepper will use credit scores to partly determine if you qualify for a loan, at what interest rate, and what credit limits. Many factors can impact your credit score including number of enquires, adverse credit listings and personal information held on your credit file.
Looking for a better way to manage your debt?
*Interest rates range from a minimum of 9.99% to a maximum of 21.74% p.a. Rates are correct as at 5 March 2018 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.
All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.
For more of your questions answered visit our Help Centre.