Looking to buy a house? We've built our reputation on saying 'yes' to more people
Whether you’re buying a second property, moving on or up in the world, or even if you’re downsizing – buying property can be equally exciting and stressful. We’re here to help Aussies aspiring to become homeowners by taking a little bit of stress out of the process. We factor in the ups and downs of real life, to help you prepare for the road ahead.
If you’re worried about your work history or other mortgages getting in the way of buying a house, then talk to us. We can work together to try and find a way forward. Apply online and we can help get your home buying journey underway.
Why Pepper Money?
We're fast: Credit decisions within 2 business days
We're flexible: Multiple loan options, if we can help, we will
We're accessible: We’re here to talk through your situation
- We look beyond just your credit score
- Get a quick response within 2 business days
- Borrow up to 95% of the property value
- Additional income sources considered
- Fixed and variable rate options
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.
See what your repayments might look like
This repayment calculator gives you an estimate of what your home loan repayments could be, based on information you have provided in the calculator. The calculator does not take into account loan establishment or application fees, nor government statutory or lender fees. It is to be used as a guide only and 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 Loan, Your Rate
Discover our flexible approach to home loans. We look at a range of factors to provide eligible borrowers with an interest rate estimate. Find out where you stand today.
Choose an option that works for you
Let's crunch those numbers
Our calculators are here to help you along your home buying journey. From working out stamp duty to helping reach those savings targets.
Borrowing Power
Stamp Duty
Mortgage Repayments
Savings Goals
What other home buyers are asking
There's no point re-inventing the wheel. 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.
You will need to have documents supporting your current financial position such as recent bank statements, payslips or other proof of income, personal identification and a snapshot of your current asset and liability position.
For PAYG applicants we require two current payslips plus one of the following:
- Most recent group certificate
- Most recent tax return / taxation notice
- Current letter of employment
- Bank statements – to confirm last 3 months salary credits
For Self-Employed applications we need your last two years Tax Returns, two years Tax Assessment Notice and & last 1 month’s business bank statements. If you are self-employed and unable to provide this documents, you may still qualify for an alternative documentation (alt doc) loan. Learn more by reading these FAQs.
On some of our loans, 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 may also depend on the property and area you’re looking at purchasing.
Remember, there can be extra costs involved when buying a house. You’ll need to cover government and legal fees, which can’t be added to your home loan balance.
Our home loan borrowing capacity calculator asks a few easy personal and financial questions to calculate an estimate of how much you may be able to borrow with Pepper Money. After finding out how much you could potentially borrow, you can then either speak to a lending specialist about your situation, or continue on to get an indicative interest rate online.
The interest rate offered, and fees and charges will depend on our assessment of a number of factors at the time of application including:
- The size of your deposit
- Nature of the security property
- Loan to value ratio (LVR)
- 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
To get an indicative interest rate, you can start by using our online borrowing power calculator, or speak to one of our Lending Specialists on 137 377.
The total amount of interest that is paid on your mortgage is determined by your loan size, duration of the loan and the interest rate charged. Interest is usually calculated daily on your outstanding loan balance, then collected when you make a repayment.
As the interest rate is key to the total amount of interest payable over your loan, we’ve made it easy to get an indicative interest rate from Pepper Money online. We’ll firstly ask you to answer a few questions to determine how much you could borrow. Then we’ll ask a few more personal questions to access your credit file and provide you with an indicative interest rate.
Certain Pepper Money fees 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 loan each month.
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 loan balance and are usually paid upon settlement.
Eligible customers with a PAYG income can apply online to refinance or purchase a new property, in as little as 20 minutes – all from the comfort of your couch. Best yet, you’ll get your indicative interest rate and estimated repaymentsˇ upfront without impacting your credit score.
Alternatively, talk to one of our team on 137 377 – or submit an enquiry and we’ll call you back. We’re available Monday to Friday, between 8:00am and 6:00pm AEDT/AEST.
We’ll start by understanding your situation and checking which of our loan options would be right for you.
Your Pepper Money Home Loan Journey can take up to six weeks – this is the typical timeframe for a home purchase, however the process may be quicker if all the necessary documentation is provided sooner.
Delays in decisions are often caused by incorrect or missing documentation.
Learn more about Pepper Money Home Loan application process or for more information speak to a Lending Specialist on 137 377.
Loan to Value Ratio, also known as LVR, is the loan size in relation to the property’s purchase price. The size of the deposit plays a key role in determining the LVR, as the larger your deposit, the lower your LVR will be. Your LVR can impact interest rates and products that will be available to you, and it can determine whether you’ll need to pay a lender protection fee (LPF), lenders' mortgage insurance (LMI) or other risk fees.
To calculate your LVR, divide the amount you need to borrow (e.g. $400,000) by the value of the property (e.g. $500,000) and multiply this by 100 to give you a percentage.
$400,000/$500,000 x 100 = 80% LVR. This would mean you have a 20% deposit of $100,000 towards your $500,000 property.
While a high credit score might help you get a rock-bottom interest rate, it may still be possible to apply for a home loan in Australia with a less-than-perfect credit score. While some banks often prefer to lend to those with a perfect credit history, at Pepper Money, we take a real life approach to lending and look beyond just your credit score to see what we can do to help.
Talk to a lending specialist about your situation. We're here to help.
We’re one of Australia's leading non-bank lenders!
We were established in 2000 to help Australians achieve their financial dreams through providing flexible financial solutions that factor in the ups and downs of real life. Since then, we’ve become one of the largest, most trusted, and award-winning non-bank lenders in Australia and New Zealand.
Need some help with your home loan?
Whether you’re confused about the purchase process, wondering what LMI or LVR mean, or are looking for help along the way, our resources are here to make sense of all that finance jargon.
The important legal bits
Information and interest rates are correct as of 16 November 2023 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.
*Our interest rates:
Pepper Money variable interest rates range from 6.84%p.a. - 12.19% p.a. (Comparison rates range from 7.02%p.a. - 12.34%p.a.^)
Pepper Money 2 year fixed interest rates range from 7.54%p.a. - 12.89%p.a (Comparison rates range from 7.16%p.a. - 12.45%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.
+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).
