Lock-in those repayments
Whether you’re buying your first home, refinancing or investing, our fixed rate home loan option could offer you the stability of knowing what your home loan repayments will be for the fixed interest rate term. Plus, you’ll have the flexibility to switch at any time since we don’t charge any break costs.
Our fixed rate home loan interest rates
For new owner occupier fixed rate home loans, making principal and interest repayments. Up to 55% LVR. View our full interest rate range.
Get to know our fixed rate home loan
Say goodbye to break costs
Unlimited extra repayments
Lock it in, Eddy
Lock-in your repayments
Choose your fixed term
Split it your way
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
Why Pepper Money?
We’re fast: Home loan approval within 2 business days (if eligible)
We're flexible: Multiple loan options, if we can help, we will
We're accessible: We’re here to talk through your situation
- No break costs or early repayment fees
- We look beyond just your credit score
- Get a quick response within 2 business days
- Borrow up to 95% of the property value
- Cash out for personal or business use (refinances only)
- Additional income sources considered
What’s a flexible
credit assessment?
We don’t just look at the black and white boxes on your home loan application. We make the effort to get to know you – the person behind the application. We ask the questions that matter and look to uncover the meaning behind any blips on your credit report, which allows us to make an informed decision and an interest rate based on your ability to repay a loan with us. Interest rates are determined using a range of factors (including your property goals, income and financial details).
It’s our flexible approach that helps more Aussies achieve their dreams of buying their new home.
Our fixed rate home loan interest rates
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
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Fixed rate*: % p.a. - % p.a.
Comparison rate^: % p.a. - % p.a.
All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.
Our fixed rate loan details
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Loan purpose
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Purchase or refinance an owner-occupied or investment property – including debt consolidation for refinances
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Maximum LVR
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Borrow up to 95% of the property value of owner-occupied property and up to 90% for investment property - subject to eligibility criteria.
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Loan amounts
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From $50,000 to $2,500,000 (up to 65% LVR) - subject to eligibility criteria.
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Loan terms
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10 - 40 years - subject to eligibility criteria
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Fixed rate periods
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2, 3, 5, 7, or 10 years
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Repayment options
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- Principal and Interest, or
- Interest only (up to 5 years)
For loans with an interest only period, the fixed rate term must equal the interest only period. Interest Only is not available in-conjunction with 7 and 10 year fixed interest rate terms
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Repayment frequency
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- Weekly, fortnightly or monthly for Principal and Interest loans
- Monthly for interest-only loans
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Extra repayments
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Unlimited extra payments are permitted, free of charge
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Redraw
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You can redraw extra repayments after your fixed interest rate period has expired
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Loan splits
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Split loan options are available
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Rate lock#
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To secure the applicable fixed interest rate at formal approval, for 90 days, there is a non-refundable, minimum fee of $750 per home loan application payable at settlement for home loan balances up to $500,000. Terms and conditions apply#.
Fixed rate loan balances rate locked ≤ $500,000 | $750 per home loan application
Fixed rate loan balances rate locked > $500,000 | 0.15% of fixed rate loan balance at settlement
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Break costs
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We don't charge any break costs or early repayment fees
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Offset Account
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We don't offer an offset account on our fixed rate loans.
Not sure if a fixed rate home loan is right for you?
What other home buyers are asking
Wondering if a fixed interest rate is right for you? Here are some popular questions from other home buyers.
- 2 years
- 3 years
- 5 years
- 7 years
- 10 years
Yes, you can make unlimited additional repayments into your fixed rate home loan, however there is no redraw during the fixed interest rate period.
No, redraw is not available for any additional repayments you have made into your fixed rate home loan option during the fixed interest rate period. If you require access to your funds consider other options such as a variable interest rate home loan option which allows redraw and/or an offset sub-account (monthly fees apply).
Yes, we offer fixed rate home loans options for customers who have or have previously had issues on their credit report. Applications are subject to credit assessment and loan eligibility criteria.
Pepper Money’s fixed rate option has no break costs, which means you won’t incur fees for breaking your fixed rate period. This is an offering we provide customers to allow for real life changes.
Yes, fixed interest rate home loan applications will have the ability to lock in the applicable fixed interest rate at the time of formal approval for 90 days (see ‘What fee is charged to lock in a fixed rate home loan’ question in relation to fees that apply). The fixed rate applicable at settlement will be the lower of the interest rate locked in at the time of formal approval (or by exception if we receive your rate lock request after formal approval) or the actual fixed rate at the time of settlement. By locking in a fixed rate, it ensures that if rates increase during the fixed rate lock period the higher interest rate will not be applied.
The rate lock period lasts for 90 days. If the rate lock expires, and no action is taken, then the fixed interest rate on the day of loan settlement will apply. You can request a new rate lock at an additional cost, which will lock in the fixed interest rate, for a new 90 day period, from the date of your new rate lock request.
A non-refundable once-off fee will apply for Fixed Rate Lock requests which will be charged at settlement (see ‘What fee is charged to lock in a fixed rate home loan’ question in relation to fees that apply). You can choose to have the rate lock fee capitalised into the loan or deducted at settlement. The rate lock fee will still be charged even if fixed interest rates decrease.
If the rate lock fee is capitalised to the loan this will increase the loan to value ratio (LVR), and you will pay interest on the rate lock fee.
To lock in a fixed interest rate, there is a minimum, non-refundable fee of $750 per home loan application. If your fixed interest rate home loan balance is greater than $500,000, the rate lock fee will be 0.15% of the fixed rate loan balance at settlement. For example, for a loan amount of $600,000 the rate lock fee will be $600,000 x 0.15% = $900.
The rate lock fee is only payable once per application. The rate lock fee will still be charged even if fixed interest rates have decreased after the rate lock request has been approved.
| Fixed Interest Rate Loan Balance | Rate Lock Fee |
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Fixed rate loan balances rate locked ≤ $500,000 |
$750 per home loan application |
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Fixed rate loan balances rate locked > $500,000 |
0.15% of fixed rate loan balance at settlement |
Wondering what's in a rate? Here's some help
Whether you're confused about fixed rates, LMI or LVRs, then we've got articles and resources to help.
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
Non-Conforming Lender of the Year (Home Loans)
Best Specialty Lender
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Best Specialist Loans
What our customers think about us
Absolutely incredible
I was absolutely amazed at how caring and professional this company is. They certainly went above what I was expecting and were so friendly to talk to and willing to help.
Outstanding!
Pepper Money were outstanding. Their service, support, knowledge and advocacy was second to none. Seamless service with high class professionalism. Thank you Pepper, I will definitely refer family and friends to you.
Very easy to deal with
The customer service was perfect. No request was too hard. I’m very satisfied.
Excellent mortgage provider
This is our third mortgage with Pepper Money. I wouldn’t want to go anywhere else as they’re so friendly and happy to help in anyway they can. Well done.
Request for information
My question was answered quickly, and I was provided the information promptly. The staff were very knowledgeable and friendly too.
Satisfaction guaranteed
Pepper Money is the best lender of them all. Great to deal with and they listen
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.
* Pepper Money 2-year fixed interest rates range from % p.a.- % p.a (Comparison rates range from % p.a. - % p.a.^). View all fixed rates » . 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.
# There is a non-refundable, minimum fee of $750 per home loan application payable at settlement to lock in a fixed interest rate for 90 days. For home loan balances greater than $500,000, the rate lock fee is 0.15% of the fixed interest rate loan balance at settlement. For example, for a fixed rate loan amount of $600,000 the rate lock fee will be $600,000 x 0.15% = $900. The lesser of the fixed interest rate at settlement or the applicable locked in fixed interest rate will be applied at settlement. The rate lock fee will be charged at settlement even if interest rates decrease after the rate lock request has been approved.
+ 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).
