Got a bunch of small debts that are adding up? A flexible Pepper Money personal loan can help.
You can roll all those debts into one easy-to-manage personal loan and get your finances sorted. And as a special bonus for our customers, we’ll give you a $150 eftpos rewards card+ to help.
Cash back for customers
Because you’re a Pepper Money customer, if you use this promotional code HLJUL18 before 31st August 2018, we’ll help you out with $150 eftpos rewards card+ when your loan settles.
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.
Ready to apply?
You can find out how much you’re approved to borrow with our simple online application process.
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*Interest rates range from a minimum of 9.99% to a maximum of 29.99% p.a. Rates are correct as at 23 July 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 personal 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. Make sense? We can always talk you through this if you’re not sure.
+We can only make this offer available to new personal loan applicants who apply and are approved for a Pepper Money Personal Loan before 31 August 2018. It’s a pretty good offer so we have to make it time limited. The offer isn’t available in combination with other offers, packages or promotions we might have going. And it does only apply once per eligible customer. The eftpos reward card will be dispatched within 30 days of personal loan funding. If you pay out or cancel your Pepper Money Personal Loan account before the reward card is issued, you may become ineligible for this offer. The eftpos card cannot be substituted for an alternate reward or for cash. Pepper Money will not be liable for any loss or damage whatsoever resulting from a delay in the process of receiving and/or approving an application or activating the card. Full terms and conditions are available here.