Fixed or Variable rate?

Pepper Money provides you with the flexibility to choose between a fixed or variable rate on your unsecured personal loan.

Fixed Rate

Fixed Rate

A fixed rate offers you the comfort of knowing that your interest rate is ‘fixed’ and the certainty that your repayments will not change for the life of the loan. You will have the flexibility to make some additional repayments or pay out your loan ahead of the loan term, however fees will apply.

Variable Rate

Variable Rate

With a variable rate loan, your loan rate and repayments may rise or fall as interest rates change. Unlike a fixed rate loan, variable rate loans give you the flexibility to make extra repayments or repay your loan in full ahead of the loan term, without paying any additional fees.


 Interest Rate Type



 Interest Rate Starting from 11.99% p.a comparison rate*
 Break fee - if early repayments exceed an amount equal to three months’
 repayments or more 
$150 N/A
 Early repayment fee – if you repay your loan in full prior to the end of
 the term
$300 N/A
 Monthly Account Keeping Fees No 
 Account Statements Available monthly online
 Repayment Facilities BPAY
Direct Debit
Direct Credit


Ready to apply?

It’s simple, just try our online repayments calculator, let us know what you’re after and off you go!

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* Interest rates start from this amount, are correct as at 10 August 2016 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. The comparison rate is 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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