Pepper Money home loan fee summary [Infographic]
Last updated: 8 May 2024 | Estimated read time: 2 Minutes
While the home buying journey is an exciting one, it is also important to be aware of all the fees associated with your home loan application so that you can put some money aside to cover these expenses and be prepared.
The following infographic outlines the fees payable on a Pepper Money Home Loan.
Administrative costs
Establishment Fee
Required as part of the application process on all new loans, including refinancing existing Pepper Money loans. The establishment fee includes a valuation.
Valuation Fee
If a valuation is ordered by Pepper Money it’s included as part of the establishment fee.
Title Protection Fee
A one-off, non–refundable payment similar to title protection insurance as it protects the lender against loss caused by legal matters relating to the title of the property.
Legal Fee
Covers the cost of solicitors used in all the legal matters for home loan contracts and settlement.
Settlement and ongoing fees of your loan
Monthly Administration Fee
A monthly fee for administering the loan and is payable in arrears on the same day each month as the settlement date.
Lender Protection Fee
A one-off non-refundable fee used to offset the risk associated with loans of a higher Loan to Value Ratio (LVR). A bit like LMI it protects lenders against the unfortunate event of a defaulted loan.
Mortgage Risk Fee (MRF)
Similar to LPF, it protects Pepper Money against the unfortunate event of a defaulted loan.
Discharge Administration Fee
A fee you pay when you discharge the loan agreement early.
Keen to print or keep hold of this information? You can download the PDF version of this infographic. And if you’re interested in learning more about our home loan fees, then visit our Pepper Home Loans Fees: Fact Sheet.
We're here to help
If you’d like to know more about our home loan fees, then visit our Pepper Home Loans Fees: Fact Sheet.
To find out which Pepper Money home loan product could work for you, or if you just have some questions you’d like answered around our fees and charges, speak to a Lending Specialist on 137 377. We have a variety of flexible home loan solutions whether you’re looking to refinance, buy your first home or add a new property to your portfolio.
Contributor | Dianne Wassouf, Head of Customer Solutions
Dianne joined Pepper in 2012 and is now responsible for all Customer Service and Resolutions post settlement teams across Australia and Manila. Her expertise focuses on customer solutions and assistance and has equipped her with a deep understanding of client relations and service excellence.
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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 licensed financial or tax adviser.
All applications for credit are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
The results of the borrowing power calculator are based on information you have provided and is to be used as a guide only. The output of the calculator is subject to the assumptions provided in the calculator (see 'about this calculator') and are 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. The interest rates do not reflect true interest rates and the formula used for the purpose of calculating estimated borrowing power is based on the assumption that interest rates remain constant for the chosen loan term. Your borrowing power amount will be different if a full application is submitted and we complete responsible lending assessment. The results in the calculator do not take into account loan setup or establishment fees nor government, statutory or lenders fees, which may be applicable from time to time. Calculator by Widgetworks.
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