Due to COVID-19, some loan purposes and suitability criteria may have changed. Please contact us on 1300 108 794 for more information.

Personal Loan Eligibility Criteria

In order to apply for a personal loan with Pepper Money applicants must:

  • Be an Australian citizen or permanent resident
  • Be 18 years or older
  • Have no defaults (paid or unpaid) or active payday loans
  • Not be current or prior bankrupt or have a court judgement
  • Centrelink can be used as a secondary income in conjunction with PAYG income
  • Require to pay the loan off between 18 and 84 months
  • Require a loan of between $5,000 and $40,000
  • Single & Joint borrowers
  • Be employed (not on Probation): Full time, part-time, self-employed (tenure more than 24 months) or casual (tenure more than 6 months)
  • Have acceptable identification, either:
    ○ Australian Passport (current or expired within the last 24 months) OR
    ○ An Australian Drivers Licence (current) and Medicare card (current)

Have these documents handy…

To help speed up the process, here is a list of documents to have ready:

  • Front and back of your identification that you have used in your application 
  • Details of any amounts owing, including other loans, credit/store cards and overdrafts
  • Proof of your employment and income (such as payslips)
  • Proof of address
  • Details of your rent and/or mortgage payments

Simple and secure

This simple process makes it easy for you to access your personal loan.

1. Get your individual rate
1. Get your individual rate

Know your rate before you apply. It's quick and easy and won't affect your credit score.

2. Apply
2. Apply

Complete the 10-minute secure application process online or via phone (1300 108 794).

3. Send or upload your documentation
3. Send or upload your documentation

Send through any requested supporting documentation.

4. Funds deposited
4. Funds deposited

We'll aim to give you a decision within 5 hours. Funds in account next business day.

Get my rate

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.

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

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).

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.

Have more questions? For the full list of FAQs click here

Get your individual rate today before applying

Get my rate

*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.