These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Pepper Money is a non-bank lender. Pepper Money offers a range of home loans for Australian borrowers. Check out the full table of Pepper Money products below or read more about the lender.
Compare Pepper Money home loans for November 2024
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We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
Pepper Money key facts
Pepper Money is a non-bank lender with businesses in Australia and New Zealand.
Pepper Money offers home loan products for owner-occupiers and investors.
This lender also offers other financial products such as car loans, loans for professional equipment, commercial loans and personal loans.
As a non-bank lender, Pepper Money offers flexible loans and state that they "may be able to help when others can't". This means they consider offering loans to those with low credit, those who are self-employed and they offer low-doc loans.
Pepper Money home loan features
Here are the key features and details you need to know about Pepper Money's mortgage products.
Feature
Details
Minimum deposit
It is possible to get a home loan from Pepper Money with a deposit as low as 5%.
Offset account
You can get an offset account with several Pepper Money loans.
Alternative loans
Pepper Money offers loans to a wide range of borrowers that major banks may not normally service, such as those with poor credit ratings or self-employed borrowers with limited documentation. These loans generally come with a higher interest rate than you'd pay at a normal bank.
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with Pepper Money you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:
ING. This online bank is part of the global, Dutch financial group of the same name.
Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 553 Finder guides across topics including:
Repay your loan faster and save thousands by finding a lender that will reduce your LMI. To find the right home loan for you, compare different loans today.
Hi, I have a small default of $400 only. I have six children and I am married. My husband is self employed but only earns so far a net amount of around $24000. I am on government benefits. We own 30 acres with a weekender on it in Tara qld. I also own a share in a house in Laidley qld. We don’t have much deposit but have been told that we can use our land as equity. I know I can afford to repay a home loan due to paying rent and other loans but the banks won’t look at us. I really want to make my kids future better. Please are you able to help me buy a home. I would only require around $180000.
Finder
ShirleyMarch 30, 2015Finder
Hi Catherine,
Thanks for your question.
To be eligible for a Pepper home loan, you need to have an existing home loan that you are looking to refinance, plus have at least 10% deposit.
If you find that none of these loans are suitable for your situation, there is always an option of speaking to a home loan broker. They will be able to help you further in narrowing down a suitable home loan option for you.
Cheers,
Shirley
jeetenMarch 20, 2015
my client have 20 % deposit but have a bad credit history but already paid off.
he had a credit default do he still able to apply for home loan
Finder
ShirleyMarch 23, 2015Finder
Hi Jeeten,
Thanks for your question.
Based on the information you have provided, he may be eligible for a home loan from Pepper.
If you would like to discuss your eligibility or options, please get in touch with Pepper directly by filling in the form above.
Cheers,
Shirley
BillFebruary 25, 2015
We have an interest only arm at 5%. Need to bring our monthly payment down. It is considered a jumbo loan.
Finder
ShirleyFebruary 25, 2015Finder
Hi Bill,
Thanks for your question.
You can opt for a jumbo loan from Pepper if you’d like.
There are a number of loans under 5% available from Pepper home loan, but to eligible you’ll need at least 10% deposit.
Cheers,
Shirley
BillFebruary 25, 2015
Can the 10% deposit be rolled into the home loan
Finder
ShirleyFebruary 25, 2015Finder
Hi Bill,
Unfortunately the deposit cannot be rolled into the home loan and will need to be genuine savings.
Cheers,
Shirley
MaxJuly 21, 2014
What is the interest rate for refinance , my personal file does not have any default my name is linked to deregistered company name that has a default.
Also I have excessive inquiries against my credit file
Finder
ShirleyJuly 22, 2014Finder
Hi Max,
Thanks for your question.
Pepper Home Loans assesses each application on a case-by-case basis as your interest rate is based on your creditworthiness.
You may compare Pepper Money home loans and select ‘Go to Site’ to head over to their website to apply.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Cheers,
Shirley
KevinJune 27, 2014
My credit file is not very good, yet my wife is good.Would you recommend we get a home loan together, or would it be better for her to go alone
Finder
MarcJune 27, 2014Finder
Hi Kevin,
Thanks for the question.
This is one strategy you could consider. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this helps,
Marc
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Hi, I have a small default of $400 only. I have six children and I am married. My husband is self employed but only earns so far a net amount of around $24000. I am on government benefits. We own 30 acres with a weekender on it in Tara qld. I also own a share in a house in Laidley qld. We don’t have much deposit but have been told that we can use our land as equity. I know I can afford to repay a home loan due to paying rent and other loans but the banks won’t look at us. I really want to make my kids future better. Please are you able to help me buy a home. I would only require around $180000.
Hi Catherine,
Thanks for your question.
To be eligible for a Pepper home loan, you need to have an existing home loan that you are looking to refinance, plus have at least 10% deposit.
If you find that none of these loans are suitable for your situation, there is always an option of speaking to a home loan broker. They will be able to help you further in narrowing down a suitable home loan option for you.
Cheers,
Shirley
my client have 20 % deposit but have a bad credit history but already paid off.
he had a credit default do he still able to apply for home loan
Hi Jeeten,
Thanks for your question.
Based on the information you have provided, he may be eligible for a home loan from Pepper.
If you would like to discuss your eligibility or options, please get in touch with Pepper directly by filling in the form above.
Cheers,
Shirley
We have an interest only arm at 5%. Need to bring our monthly payment down. It is considered a jumbo loan.
Hi Bill,
Thanks for your question.
You can opt for a jumbo loan from Pepper if you’d like.
There are a number of loans under 5% available from Pepper home loan, but to eligible you’ll need at least 10% deposit.
Cheers,
Shirley
Can the 10% deposit be rolled into the home loan
Hi Bill,
Unfortunately the deposit cannot be rolled into the home loan and will need to be genuine savings.
Cheers,
Shirley
What is the interest rate for refinance , my personal file does not have any default my name is linked to deregistered company name that has a default.
Also I have excessive inquiries against my credit file
Hi Max,
Thanks for your question.
Pepper Home Loans assesses each application on a case-by-case basis as your interest rate is based on your creditworthiness.
You may compare Pepper Money home loans and select ‘Go to Site’ to head over to their website to apply.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Cheers,
Shirley
My credit file is not very good, yet my wife is good.Would you recommend we get a home loan together, or would it be better for her to go alone
Hi Kevin,
Thanks for the question.
This is one strategy you could consider. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
You may also find our guide useful in applying for a home loan with bad credit.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this helps,
Marc