Pepper Money

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Founded: 2001

Lender Type: Specialist Lender

Owned by: ASX Listed

Formed in 2001, 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’

Home Loan Products

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Home Loans Description

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.

Pepper Money’s home loan rates

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

What types of home loans does Pepper Money offer?

Pepper Essential

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

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

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’s mortgage features

  • Free redraw facilities
  • Extra repayments allowed
  • 100% offset account
  • Non genuine’ savings accepted

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