Pepper Money has reduced its rates for existing Australian customers by up to 0.25%

on Friday, March 6, 2020

Pepper Money has reduced its rates for existing Australian home loan customers by up to 0.25%^. The effective date for this change is 16 March 2020.

The following rate cuts apply to existing owner occupier and investor customers:

Residential and Construction Loans

  • Prime customers will receive a 0.20% rate cut
  • Near Prime customers will receive a 0.20% rate cut
  • Specialist customers will receive a 0.25% rate cut

Small Balance Commercial Loans

  • Prime customers will receive a 0.20% rate cut
  • Near Prime customers will receive a 0.20% rate cut

The effective date for this change is 16 March 2020.

If you are not sure which rate cut applies to you, please contact us on 1300 650 931.
A formal notification will be mailed to all customers, advising of the rate reduction that applies to them, within the next two weeks.

You can verify your upcoming repayment amount online using Loan Service Net or if you would like to discuss your future repayments, please contact us on 1300 650 931.

If you would like to reduce your repayment amount, we encourage you to contact us.
While this rate reduction will be applied to your loan, your repayment amount may or may not change depending on how you make your repayments.

Most customers pay by direct debit, so if this is you, we won’t automatically reduce your direct debit repayment amount unless you ask us to.

By continuing to pay more, you are effectively paying off your loan faster. However, if you could use the cash elsewhere, please let us know.

Inter Account Payment
Your repayment amount will be automatically updated to reflect the change.

Direct Credit or Salary Credit
You can keep paying the same amount, however if you would like to reduce your repayment amount, please make the adjustment after 16 March, but before your next repayment is due.

You can verify your upcoming repayment amount online using Loan Service Net or if you would like to discuss your future repayments, please contact us on 1300 650 931.

^ This change does not apply to customers on fixed rate loans

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