What you get with Pepper Money

no hidden fees
No hidden upfront or ongoing fees

$0 establishment fee and $0 monthly account keeping fees

smart online application
Smart application

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 21.49% p.a.* (comparison rate)** based on your circumstances

Compare our unsecured personal loan products

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
personal loan calculator

Personal Loan Repayment Calculator 

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. 

Calculate

You can use the loan for almost anything

Debt Consolidation
Debt Consolidation

Roll your debt into one easy-to-manage loan.

Learn more
Holiday
Going on a Holiday

We can get you there, wherever it may be.

Learn more
renovation
Renovation

Home improvements made easy.

Learn more
Wedding
Wedding

Take the stress out of planning your big day.

Learn more

Popular questions...

There are two primary loan types - secured and unsecured. At Pepper Money, if you need to buy a car or finance any other asset, we provide you the flexibility to choose between an unsecured personal loan and a secured loan. So what’s the difference?

Secured Loan - A secured loan is most often used to purchase valuable assets such as cars; the vehicle (or other asset) is then used as security against the loan. Because the loan is asset backed, the interest rate is lower. If you fail to make your repayments on a secured loan, the asset you have used as security may be repossessed to cover the outstanding balance on your loan.

Unsecured Loan - These loans are often taken out to cover the cost of smaller amounts such as a holiday or home renovation. With an unsecured loan the borrower isn’t providing any security against the loan. This means that the interest rates are higher as there is no asset to be recovered in the event of a default.

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

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 - 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.

Pepper Money does consider applications that have defaults providing they pass our credit score and application lending criteria.

A credit score is used to represent the creditworthiness of the person. Pepper will use credit scores to partly determine who qualifies for a loan, at what interest rate, and what credit limits. Many factors that may impact your credit score can be number of enquires, adverse credit listings and personal information held on credit file.

Our application is designed to provide you with an indicative serviceability assessment before you undergo a credit check. You will be notified before any official credit check takes place and the application process will seek your consent for us to access your credit file.

We only accept applications from 1 borrower at this time.

Please refer to your current notice of assessment, to work out your income. Gross taxable income less tax payable = net annual income.

Eg: Gross taxable income $50,000 less tax payable $8,547.00 = $41,453.00 net annual income

Start your journey now

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

Start now

Help at hand

For more of your questions answered visit our Help Centre.

*Interest rates range from a minimum of 9.99% to a maximum of 21.49% p.a. Rates are correct as at 30 June 2017 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. 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.

Apply Now Call 1300 659 430 Contact Us