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.
Calculate your indicative interest rate and repayments
|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|
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.
Looking for a better way to manage your debt?
*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.
For more of your questions answered visit our Help Centre.