We offer a wide range of home loan options for real-life situations
We understand that everyone’s real-life situation is different. That’s why we keep our thinking flexible. As a non-bank lender, we look at more than just your credit score, which is why we may be able to help when others can’t. Pick the right option for you below:
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Buying A Home
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Refinancing
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Self-Employed
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Alt/Low Doc
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Low Credit
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First Home Buyer
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Investor
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Building a home
Buying a home
Whether you’re moving on in the world and exploring new suburbs in Australia, needing a bigger space or maybe even downsizing - we’re here to help. Things may have changed since you last bought a property. Getting a home loan approval from traditional lenders today can mean having to tick a lot of boxes and fitting into a long list of fixed conditions. You’ll find our approach more personal and flexible.
What every home buyer needs
- We look beyond just your credit score
- Borrow up to 95% of the property value
- Additional income sources considered
Refinance your home loan
Refinancing could reshape your financial situation. You can refinance to change lenders for a better deal, to consolidate debt, or to use your equity (the market value of your property minus what you owe on your mortgage) to help fund a renovation, a new business venture, or even a cheeky boat purchase. The options are nearly endless.
Make refinancing work for you
- Cash-out up to 90% LVR; including for renovations
- Borrow up to 90% of the property value
- Deal directly with a decision-maker
- Consolidate unlimited debts and improve your cash flow
- We look beyond just your credit score
- Additional income sources considered
Home loans for the self employed
Just because you’ve started your next business venture doesn’t mean your plans to buy a house have to wait – we give you the flexibility to apply for a home loan with just six months ABN activity. Find out more about our home loans for the self-employed and small business owners.
Mortgages made for small business owners
- Cash-out up to 80% LVR; including for business use
- Borrow up to 95% of the property value for purchases
- Talk through your situation with us
- Consolidate unlimited debts, including ATO debts
- We look beyond just your credit score
- 6 months GST and ABN registration
Low Doc/Alt Doc home loan options
Not everyone works a 9 to 5 and has regular payslips. We get it’s not that easy for everyone. That’s why we’ve developed alt doc loans that allow recently self-employed borrowers to pursue their property dreams.
Bringing alt doc loan applications into focus
- Talk through your situation with us
- We look beyond just your credit score
- Apply with just 6 months GST & ABN registration
Home loan options for borrowers with bad credit
Why let something in the past decide your future? We get it, real life happens and just because you had some credit issues before doesn’t mean that your options should be limited. That’s why we get to know you – the person behind the credit score. If we can help you find a way forward, we will.
Talk through your credit situation with us
- We look beyond just your credit score
- Borrow up to 95% of the property value
- Consolidate unlimited debts and improve your cash flow
- Apply with mortgage arrears
- Flexible approach to credit impairments including prior bankruptcies
Home loans for first home buyers
You’ve saved your deposit, researched your options and are looking forward to settling into your new home. It’s a big commitment and a lot of change, but the good news is we’re here to help make the move to home ownership as easy as possible.
Helping you buy your first home sooner
- Talk through your situation with us
- We look beyond just your credit score
- Gifted deposits accepted
- Borrow up to 95% of the property value
- Borrow up to 85% with no Mortgage Insurance (LMI)
- Conditional approval within 48 hours
Investment property home loans
Whether you’re looking at your first investment property or growing your portfolio, we’re here to help make the property investment process easier.
Make property investment work for you
- Unlimited debt consolidation options
- Up to 5 years interest-only
- Cash out up to 80% LVR
Building a home
Planning a big renovation, demolishing an existing property, or starting a whole new build? A Pepper Money construction loan could be just what you need to bring your project to life. Plus, with interest-only repayments available for the first 18 months, you can set up lower payments while you build.
What every home builder needs
- Full and Alt Doc options
- 10-30 year loan terms
- Paid defaults up to $500 may be considered
Our range of home loan options
Self-employed? First home buyer? Less than perfect credit rating? We understand everyone’s real-life situation is different. That’s why we keep our thinking flexible and offer a wide range of home loan options.
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Prime
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Near Prime Clear
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Near Prime
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Specialist
Prime Home Loan Option
Our option for those with a mostly clean credit history.
For new owner occupier variable rate home loans, making principal and interest repayments.
Up to 55% LVR.
- Consolidate up to 4 debts
- Flexible cash out options
- Vacant land considered
- Maximum loan size of $2M
- Minor defaults under $500 considered
- 1 form of income verification for Alt Doc loan option
Near Prime Clear Home Loan Option
Our option for those with mostly clean credit history who need greater flexibility.
For new owner occupier variable rate home loans, making principal and interest repayments.
Up to 55% LVR.
- No limit on the number of debts to be consolidated
- Paid/unpaid defaults up to $1,000 considered
- Vacant land considered
- Maximum loan size of $2.5M and up to 40-year loan terms
- 1 year financial statement on Full Doc loan option
- 1 form of income verification for Alt Doc loan option
Near Prime Home Loan Option
Our option for those who need greater flexibility and may be recently self-employed.
For new owner occupier variable rate home loans, making principal and interest repayments.
Up to 55% LVR.
- No limit on the number of debts to be consolidated
- Up to 40-year loan terms
- Discharged bankrupt (1 day)
- 2 years financial statements on Full Doc loan option
- 1 form of income verification for Alt Doc loan option
- ABNs from 12 months (clean credit)
Specialist Home Loan Option
Tricky circumstances or life events?
We may still be an option.
For new owner occupier variable rate home loans, making principal and interest repayments.
Up to 55% LVR.
- No limit on the number of debts to be consolidated
- Discharged bankrupt (1 day)
- Mortgage arrears within the last 6 months accepted
- Accept defaults registered less than 12 months ago
- 1 form of income verification for Alt Doc loan option
- ABNs from 6 months
In less than 5 minutes, find out your indicative interest rate and estimated repaymentsˇ.
Best yet, it won’t impact your credit score.
Choose a home loan interest rate option that works for you
Variable Rates
Variable interest rate home loans start from
% p.a. variable rate*
% p.a. comparison rate^
Go with the flow with our variable rate option. Maximise your cashflow with our 100% interest offset sub-account, complete with debit card access.
- VISA debit card+
- 100% interest offset sub-account
- Free online redraw
Fixed Rates
2-year fixed interest rate home loans start from
% p.a. 2-year fixed rate*
% p.a. comparison rate^
Manage your money with our fixed rate loan option – choose a fixed-rate term that suits you. Plus, benefit from no break costs!
- 2, 3, 5, 7 and 10-year loan terms
- No break costs or early repayment fees
- Unlimited extra repayments
Whatever stage of the home loan journey you’re at, we could help
Talk to a real person about my options
If you’d like to have a chat about your home loan options – simply enquire online and we’ll aim to get in touch within 1 business day.
Get my indicative interest rate
In less than 5 minutes, find out your indicative interest rate and estimated repayments˅ – without impacting your credit score.
Calculate my borrowing power
Work out how much you may be able to borrow with us. We’ll look at your income and expenses to work out your rough borrowing estimate.
Whatever stage of the home loan journey you’re at, we’re here to help
Home loan calculators
Let’s crunch those numbers. Our home loan calculators are here to help you along your journey. From working out stamp duty to helping reach those savings targets.
Borrowing Power
Stamp Duty
Mortgage Repayments
Savings Goals
What others ask about our home loans
Here's what other savvy home buyers are frequently asking us. If you're still stuck for help, then why not check out all of our home loan FAQs.
This is a calculation based on your total income, expenses, current credit exposure and your credit history. You can estimate your borrowing capacity in under 5 minutes using our home loan calculator - it’s quick, easy and won’t impact your credit score.
Different lenders charge different upfront and ongoing monthly fees, which should be factored in when saving your deposit. Some of these can be added to your loan balance, while others will need to be paid upfront – fees include establishments or application fees, and risk or mortgage insurance fees. Other smaller fees will be added to your balance each month.
You can view a summary of our home loan fees.
You’ll also need to pay solicitor fees along with local and state government taxes and levies. These can’t be added to your house loan balance and are usually paid upon settlement.
The interest rates for home loans tend to vary for each individual, depending on a range of factors:
- The amount you need to borrow against the property value; known as the Loan-to-Value Ratio (LVR)
- The size of your deposit
- Your income
- Credit history
- Any assets you own
- Any liabilities or credit obligations
- Chosen repayment type – paying off interest-only, or principal and interest
- The purpose of the loan – if it’s for an owner-occupier or investment property
You can find out what interest rate you might be eligible for in under five minutes using our home loan interest rate calculator. It’s quick, easy and won’t impact your credit score.
Yes – in fact, we partner with over 15,000 accredited mortgage brokers across Australia.
On some of our loan options, we offer finance up to 95% of the purchase price, meaning you can start to look at buying a house once you've saved at least 5% of the purchase price. The deposit amount needed may also depend on the property and area you’re looking at purchasing.
Remember, you’ll also need funds to be able to cover any loan fees, stamp duty and other government charges. These can’t be added to your home loan balance.
Interest rates can vary among lenders, so it’s important to understand the finance options available to you. A lower interest rate could help save you money over the life of the loan - home loans are a long-term debt, and even a small percentage difference in interest rates can have a big impact on the total amount you will pay in the long run.
You can use our Home Loan Interest Rate Calculator to estimate your indicative interest rate with just a few personal details. Plus, it won't impact your credit score.
Once you have worked out your interest rate and borrowing capacity, our mortgage repayment calculator can help you work out what your home loan repayments might look like, including the impact of extra repayments or a different deposit.
Our home loan application process
1. Get your rate
Less than 5 minutes
Find out your indicative interest rate and estimated repayments˅ by answering a few simple questions.
2. Apply online
Less than 20 minutes
Eligible customers with a PAYG income can apply online to refinance or purchase a new property.
3. Get an answer
Within 2 business days
Our dedicated team will review your application and be in touch with next steps.
Prefer to talk to a home loan specialist?
Leave us your details and we'll call you in one business day to answer all your questions.
Can’t wait? If you'd like to speak to us sooner,
give us a call on 137 377.
Get up to speed with how a home loan works
It can be confusing! If you don’t know your LMI from your LVR check out our Resources Hub, it’s full of helpful information.
Our Awards
We’ve been helping Aussies achieve their lending goals since 2000. We're proud to offer a suite of flexible financial solutions, which have won us several awards over the years. Here are a handful of our recent successes.
Non-Bank of the Year
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Best Specialist Loans
Best Near Prime Loans
Non-Conforming Lender of the Year (Home Loans)
What our customers think about us
Great ongoing service
I have been a Home loan customer of Pepper Money for sometime now and one of the things I really like about Pepper is that over the last few years they have worked with me to keep my interest rate competitive. Great customer service!
Best phone call I made all year
I called up to change my address and ask a couple of admin questions and ended up speaking to a mortgage specialist called Mile who was informed, to the point and exhibited exemplary customer service.
Made life easy!
The entire relationship was perfect, the loan was sanctioned Just in time. Documentation was not fussy, and straightforward. Costs were as per the market standard, and though I was worried about the due date for settlement, the process was good and done prior to the deadline.
Fantastic to deal with made everything so easy
I am extremely satisfied with their help and service. The customer service was excellent, and they always kept me informed about the loan process. I will definitely be recommending them to all my family and friends.
Thank you for giving me a chance to have a home for my kids
Excellent customer service. Very grateful to ge customer of pepper. Was given a chance of getting a house loan when other banks would not even look at you been a single mum. a home for my kids.
When the struggle is lifted finally
We had had been refused and knocked back by our big 4 lender several times and even mortgage brokers were reluctant to help us. We never once said we were perfect and new we had some past credit issues but they shouldn't have held us back from reaching our financial goal.
The important legal bits
Information and interest rates are correct as of and subject to change at any time.
Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licenced financial or tax adviser.
All applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
‡ Outcomes will vary depending on individual circumstances.
*Our interest rates:
Pepper Money variable Prime home loan interest rates range from 6.84% p.a. - 8.84% p.a. (Comparison rates range from 7.02% p.a. - 8.90% p.a.^)
Pepper Money variable Near Prime Clear home loan interest rates range from 7.24% p.a. - 9.74% p.a. (Comparison rates range from 7.50% p.a. – 10.59% p.a.^)
Pepper Money variable Near Prime home loan interest rates range from 7.64% p.a. – 9.79% p.a. (Comparison rates range from 7.90% p.a. – 9.88% p.a.^)
Pepper Money variable Specialist home loan interest rates range from 8.44% p.a. – 12.19% p.a. (Comparison rates range from 8.73% p.a. - 12.34% p.a.^)
Pepper Money 2-year fixed interest rates range from % p.a. - % p.a (Comparison rates range from % p.a. - % p.a.^).
The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.
^Comparison rate is calculated on a secured loan of $150,000 for a term of 25 years. 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.
˅An indicative interest rate and estimated repayments are not a formal approval for a loan, so don’t enter any financial commitments based on it. They are a guide only, based on the basic information you provide and the credit score we obtain for the primary application and is not a suggestion or recommendation of any loan product.
~The results of the home loan repayment calculator are based on information you have provided in the calculator including a selected interest rate, loan term and loan amount and is to be used as a guide only. The interest rates do not reflect true interest rates and the formula used for the purpose of calculating estimated home loan repayments is based on the assumption that interest rates remain constant for the chosen loan term. The output of the calculator is subject to the assumptions in the calculator (see 'about this calculator') and subject to change. It does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it. Your interest rate, repayments and interest payable will be different when you complete a full application and we capture all details relevant to our responsible lending assessment. The results of this calculator does not take into account loan setup or establishment or monthly administration fees nor government, statutory or lenders fees, which may be applicable from time to time. Calculator by Widget Works.
+Visa Debit card is issued by Indue Limited ABN 97 087 822 464 and distributed by Pepper Finance Corporation Limited ACN 094 317 647 and/or through Pepper Money accredited mortgage brokers. Refer to the Conditions of Use and Target Market Determination (TMD).
