Ready to make your renovation real?
Bring your designs to life with the help of a no fee personal loan.
Know your rate before applying – it won’t affect your credit score
There's no place like a renovated home.
We Australians love home improvements. With around 62% of homeowners doing some kind of renovations in the last 12 months1, it seems that renovating is the new upgrading. There are a number of improvements you can make to add value to your home, but it helps to understand the cost before you get started.
In 2015 the average total spend on renovations was $68,300, with most alterations being made to kitchens or living areas. And whilst there are a growing number of DIY renovators, 9 out of 10 Australians still hire professionals to upgrade their homes2.
There's no doubt about it, doing renovations on your home is an exciting prospect - and it’s way less stressful when you have your funds all organised and ready to go. An unsecured renovation loan with Pepper Money can help you achieve your renovation goals.
See what a renovation loan might look for you
Calculate your indicative interest rate and repayments.
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
Get your rate before applying, it won’t impact your credit score.
Ditch the fees and save with our no fee personal loan. No set up fee, no monthly fee and no early repayment fee.
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
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
|
|
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.
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.
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).
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.
Start your journey
Ready to give your home some great improvements?
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
Kickstarting your home renovation project
Kickstarting your home renovation project: How to plan and budget
For more answers to your questions visit our Help Centre.