Debts are so much 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. On top of managing your regular monthly outgoings, that’s a lot of debt stress.

Image of wallet with credit cards

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.

See what a debt consolidation loan might look for you

Calculate your indicative interest rate and repayments.

What’s your credit situation?

Please choose your credit ratings.

Choose a loan amount

Min. eligible amount : $5,000

Borrow from $5,000 to $50,000

Choose a loan term

Please choose loan term

Pick payment frequency

Please choose repayment frequency

Important Information

This repayment calculator gives you an estimate of what your personal loan repayments could be, based on information you have provided in the calculator.  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.

What you get with Pepper Money Personal Loans

rates based on your circumstances
Rates based on your circumstances

Get your rate before applying, it won’t impact your credit score.

no fees
No fees

Ditch the fees and save with our no fee personal loan. No set up fee, no monthly fee and no early repayment fee.

get a quick decision
Get a quick decision

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 on 1300 108 794.

Ready to start?

Our loan application is simple and secure

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Personal loan product features

Feature Unsecured loan Secured loan
Interest Rate

Fixed interest rates range from 5.95% - 19.95%p.a.* (5.95% - 19.95%p.a. comparison rate**)

Fixed interest rates range from 4.95%-17.45%p.a.* (4.95% - 17.45%p.a. comparison rate**)

Easy Application Process

10 minutes online, or call us on 1300 108 794

Loan Term

18 -84 months^

Loan Amount

$5,000 - $50,000

$15,000 - $50,000

Funds Availability

Next business day following approval (subject to your bank's direct credit processing times)

Repayment Type and Frequency

Pay by Direct Debit in weekly or fortnightly installments

Fees and Charges We don't charge any application fees
  • Loan establishment fee | $0
  • Account administration fee | $0
  • Early repayment fee | $0
  • Security registration fee | $0 (Only for secured loans)

For more information about our secured loans and unsecured loans, you can download our facts sheet or call us on 1300 108 794.

Popular questions

Our unsecured personal loans range from $5,000 to $40,000, repayable between 18 months to 84 months.

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. 

Unfortunately at this time we do not accept applications for personal loan borrowers that have defaults on their credit report.

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 credit score is used to represent the creditworthiness of the person. Pepper Money will use credit scores to partly determine who qualifies for a personal loan, at what interest rate, and what credit limits.

Credit bureaus like Equifax use the following credit score groupings:

  • Average = 510-621
  • Good = 622-725
  • Very Good = 726-832
  • Excellent = 833-1200

Not sure where you land? Check your credit score for free by visiting their website here.

There are many factors that may impact your credit score such as a number of enquiries, adverse credit listings and personal information held on credit file. Learn more about the common problems that could contribute to a low scores here

We don’t charge any fees when you take out a personal loan with us. This means you won’t pay any establishment, admin or exit fees! However, if you fall behind on your payments, then we may pass on any enforcement or recovery costs incurred by us.

For the full FAQs click here.

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Looking for a better way to manage your debt?

Get my rate

Important Information

No fees apply, however we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances.

*Pepper Money Unsecured Personal Loan interest rates range from 5.95%-19.95% p.a. (Comparison rates range from 5.95%-19.95% p.a.) and Secured Personal Loan interest rates range from 4.95%-17.45% p.a. (Comparison rates range from 4.95%-17.45% p.a.). All Pepper Personal Loan rates are correct as of 13 May 2022 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 $50,000.

EXAMPLE: An unsecured personal loan of $30,000 borrowed over a term of 5 years with the minimum interest rate of 6.95% p.a. (6.95% p.a. comparison rate), would equate to an estimated minimum total amount payable of $35,518.60 via the weekly payment option. Rates are subject to change.

Help at hand

For more of your questions answered visit our Help Centre.