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.

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.

Calculate your indicative interest rate and repayments

What’s your credit situation? Email Hint

Please choose your credit ratings.

Select a loan purpose

Please choose loan reason

Choose a loan amount


Max. eligible amount : $50,000

Choose a loan term

Please choose loan term

Select type of interest

Please choose interest type

Pick payment frequency

Please choose repayment frequency

Here's where Pepper Money can help

There are no surprises
There are no surprises

With zero establishment fees and zero monthly fees. 

It's super quick
It's super quick

Apply online from any device, from start to finish in 15-20 minutes. 

Competitive interest rates
Competitive interest rates

Interest rates from 9.99% p.a. to 27.99% p.a.* (9.99% to 27.99% p.a. comparison rates**) based on your circumstances

Which product is best for debt consolidation?

Interest Rate Type Variable Fixed
Interest Rate Interest rates from 9.99% p.a.* (9.99% p.a. comparison rates**)
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

Popular questions

You can borrow up to $50,000 with a Pepper Money unsecured loan.

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. 

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. We use it to determine if you qualify for a loan, at what interest rate, and what credit limits. 

Lots of factors can impact your credit score including number of enquiries, adverse credit listings and personal information held on your credit file. 

Learn about the common problems that could contribute to low scores here

For the full FAQs click here.

Get Started 

Looking for a better way to manage your debt?

Apply now

Important Information

*Interest rates range from a minimum of 9.99% to a maximum of 27.99% p.a. Rates are correct as at 5 April 2019 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. Indicative interest rates provided are calculated based selected credit situation, loan purpose, amount and term, type of interest and payment frequency. All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

** 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.



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