There's no place like a renovated home.

We Australians love renovation. 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. 

Icon of a paint brush in a bucket

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 is 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. 

Calculate your indicative interest rate and repayments

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Choose a loan amount

 

Max. eligible amount : $50,000

Choose a loan term

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Select type of interest

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Pick payment frequency

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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 rate is best for my renovation?

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.

We’ll pay funds into your nominated account on the next business day following approval. That means you’ll have the flexibility to pay your tradesmen any way you want. And if your project comes in under budget, you can use those extra funds to pay back your loan sooner, or put them towards your next renovation.

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.

Start your journey

Ready to give your home some great improvements?

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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.


Sources:

1http://propertyupdate.com.au/believe-not-62-australian-home-owners-renovation-last-year/
2http://info.houzz.com/rs/804-JLJ-529/images/Australia_Houzz_%26_Home.pdf

Help at hand

For more answers to your questions visit our Help Centre.