Renovation Loans

Real life loans for real people

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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. 

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

Starting from 9.99% p.a.* (comparison rate**) based on your circumstances.

Get your indicative rate

Use our calculator to find out your unsecured personal loan indicative rate and how much your repayments might be. The better your credit rating the lower the interest rate you'll receive. 

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Loan amount


Max. eligible amount : $50,000

Please choose the loan term

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Loan interest type

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Your repayment frequency

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Which rate is best for my renovation?

Interest Rate Type Variable Fixed
Interest Rate Starting from 9.99% p.a.* comparison rate**
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

With a Pepper Money renovation loan you can borrow up to $50,000 to make your house a home.

You can use our unsecured renovation loan for any type of home improvement. Whether you’re upgrading your kitchen, building a new deck or just making some basic home improvements, our mission is to help you succeed.

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. Pepper will use credit scores to partly determine if you qualify for a loan, at what interest rate, and what credit limits. Many factors can impact your credit score including number of enquires, adverse credit listings and personal information held on your credit file.

Pepper is Australia's number 1 alternative lender, and we live our mission: to help people succeed.

We specialise in working on each individual application so we can fully understand your real life situation and help find a suitable solution.

Since 2001, we’ve been helping over 200,000 Australians who don’t tick all the traditional boxes for home loans – and we also provide personal loans as well as professional equipment and car loans. Learn more about us here.

Start your journey

Ready to give your home some great improvements?

Apply now

*Interest rates range from a minimum of 9.99% to a maximum of 27.99% p.a. Rates are correct as at 15 October 2018 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.

All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.



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For more answers to your questions visit our Help Centre.