Pepper Money Home Loans

Pepper Money Home Loans

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Everything you need to know about a Pepper Money Home Loan

Formed in 2000, Pepper Money are a non-bank lender who specialise in providing home loans to those who do not fit the traditional lending criteria. Depending on the consumer’s ability to meet the eligibility criteria, Pepper Money can finance home purchases of up to 95% LVR, making them a good option for anyone struggling to save a large deposit.

Pepper Money have also earned a string of awards including the 2018 ‘Non-Bank of the Year’ from Mortgage Professional Australia and the 2018 ‘Best Non-Bank Lender’ from the Australian Lending Awards.

Key Benefits

  • Cater to those who do not fit traditional lending criteria
  • They specialise in helping those with non-standard incomes including self-employed borrowers
  • They consider borrowers with weak credit history
  • They offer financial hardship assistance including: repayment holidays, redraw of funds, postponement of payments and loan variations
  • They accept family and child support payments as income for their Prime loan product


  • Pepper Money is an online lender which means no branch access
  • They don’t accept guarantors on any home loan products
  • They don’t charge LMI but have a similar ‘Lenders Protection Fee’

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Pepper Money Home Loan Products Breakdown

Pepper Essential

  • Cash out
  • 100% offset
  • Variable interest rates

A simple home loan for borrowers with a clear credit history

The Pepper Essential loan is designed for borrowers with a clean credit history who are struggling to secure a loan due for another reason. The loan has ‘full doc’ and ‘alt doc’ variations, with the maximum LVR for full doc being 95% of the purchase if the loan is no more than $650,000. For the alt doc loan the maximum LVR is 80% for loans up to $1,000,000.

Pepper Easy

  • Unlimited debt consolidation
  • 100% offset
  • No third party lenders

A balanced home loan for borrowers with no credit default

The Pepper Easy loan product is designed for borrowers who have had credit issues in the past but have had a clean credit history for 2 or more years. Like the Essential loan, the Pepper Easy loan has a ‘full doc’ and ‘alt doc’ variation, with the full doc allowing a maximum LVR of 95% so long as the loan is under $650,000. Both versions are available as ‘interest only’ for the first five years, before reverting to Principal and interest repayments.

Pepper Advantage

  • Unlimited debt consolidation
  • Defaults more than 12 mths
  • Accept borrowers charged from bankruptcy

A home loan no matter what your past is

Whether you need a lender who will accept alternative income verification or your very recent default, this home loan product is for you. You’ll still get a decent interest rate as well as flexibility such as a split loan facility, the ability to consolidate your debts, and a 100% interest offset sub account. Also, you won’t have to worry about LMI approval from a third party. You’ll pay risk fees to Pepper Money instead.


Pepper Money Home Loan Products Comparison


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Estimated Refinancing Savings

Potential Lender Options

Competitive Interest Rates

Estimated Borrowing Power

Estimated Monthly Loan Repayments

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How to apply for a home loan through Pepper Moneys

To apply for a home loan with Pepper Money, contact one of their lending specialists on 13 73 77. From there, they will guide you through the application process.

The application can take up to 6 weeks, so to streamline this process, make sure you have your supporting documents ready. These documents will include bank statements,
personal identification, payslips and proof of income.

Depending on the loan product as well as the applicant’s circumstances, Pepper Money offer a range of competitive interest rates.