Family learns how real-life home loan options could help them
Family learns how real-life home loan options could help them

Our home loan options open more doors

Check your borrowing power, get a rate estimate, or apply online, it’s quick and easy. 

Looking at buying a house?

We've built our reputation on saying 'yes' to more people 

Whether you’re buying a home, a second property, moving on or up in the world, or downsizing – buying property can be equally exciting and stressful. We’re here to help by taking a little bit of stress out of the process.

Want to buy a property but the bank said no?

If you’re worried about your work history, credit history or other debts getting in the way of buying a house, then talk to us. We factor in the ups and downs of real life. 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 


Buying a home trio
  • 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 boxes on your home loan application. We make the effort to get to know you – the person completing the application. We ask the questions that matter so we can understand the reasons behind any issues on your credit report, which allows us to make an informed decision and work out an interest rate based on your situation. The loan amount is worked out using a range of factors (including your property goals, income and financial details), while ensuring your requirements and objectives are met.

It’s this flexible approach that helps more Aussies achieve their dreams of buying their new home with us.


See what your repayments~ might look like


Whatever stage of the home loan journey you’re at, we’re here to 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

Talk to a real person about my options
Get my indicative interest rate
Calculate my borrowing power



Choose a home loan interest rate option that works for you

Variable Rates

Variable interest rate home loans start from

6.84% p.a.  variable rate*1

7.02% p.a. comparison rate^1

Submit an application by 27 June 2024 to take advantage of our variable interest rate promotion on select Loan to Value Ratios (LVRs)1. Plus, benefit from our:

  • Visa debit card+
  • 100% interest offset sub-account (fees apply)
  • Free online redraw

Fixed Rates

2-year fixed interest rate home loans start from

6.84% p.a.  2-year fixed rate*2

7.02% p.a. comparison rate^2

Until 27 June 2024, you can fix today’s variable interest rate for 2, 3 or 5 years with no break costs2

  • 2, 3, 5, 7 and 10-year loan terms
  • No break costs or early repayment fees
  • Unlimited extra repayments



Let's crunch the numbers

Our calculators are here to help you plan your home buying journey. From working out stamp duty to helping reach your savings targets. 

Borrowing power calculator

Borrowing Power

Work out how much you may be able to borrow with us, based on your income and expenses. 
Stamp duty calculator

Stamp Duty

Work out how much stamp duty you may need to pay in each state or territory across Australia.
Mortgage repayment calculator

Mortgage Repayments

Work out your mortgage repayments and interest payable over the life of the loan.
Savings and term deposit calculator

Savings Goals

Find out how much you could save with a savings account or term deposit.



How do home loans work?

Here's what other home buyers often ask us. If you're still stuck, 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 your last 3 months of salary

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’re self-employed and unable to provide these documents, you may still qualify for an alternative documentation (alt doc) loan. Find out more in our Easy Guide to Alt Doc Loans

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.

Our home loan borrowing capacity calculator asks a few easy questions (personal and financial) to calculate an estimate of how much you may be able to borrow with us at 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 to get an indicative interest rateˇ online.

See how much I can borrow

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 amount of your deposit or existing equity (if refinancing)
  • Nature of the security property (or the property you have equity in if refinancing)
  • 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 rateˇ, 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 rateˇ from Pepper Money online. We’ll first 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 rateˇ.

Let’s get started

Certain Pepper Money fees can be added to your loan balance, while others will need to be paid upfront – fees that can be added include establishment or application fees, as well as risk fees or lender protection fees. A small admin fee will be added to your loan each month. 

Take a look at a summary of our home loan fees.   

The fees that can’t be added to your loan balance include solicitor fees along with local and state government taxes and levies – these 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 own home. 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 members 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 (Sydney/Melbourne time).

We’ll start by making sure we understand your situation and checking which of our loan options would suit your circumstances. 

Your Pepper Money Home Loan Journey – from application to actual settlement – 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 most commonly caused by incorrect or missing documentation. 

Learn more about the 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 percentage of the loan size in relation to the property’s total purchase price. The size of the deposit plays a key role in what the LVR is, as the larger your deposit, the lower your LVR will be. Your LVR can impact interest rates and loan products that will be available to you, and it can determine whether you’ll need to pay a lender protection fee (LPF), 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 low interest rate with the banks, credit history issues or a lower credit score is something we specialise in as a non-bank. Non-bank lending options, like ours at Pepper Money is how it may still be possible to apply for a home loan in Australia with a less-than-perfect credit score. We take a real life approach 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 way back in 2000 to help Australians achieve their financial dreams by providing flexible financial loan options that could 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. 


Our Product Reviews

Family celebrating in their new home

What our customers think about us


from 1,218 reviews

Seamless Home Loan Process

I received a call within 24 hours of settlement to set-up loan and offset accounts. It was great customer service and product knowledge. Better service than the big 4. Simply outstanding!

Helped us get into a house when others couldn't!

All the staff at Pepper Money were polite and helpful. Considering my current financial situation, I was actually very pleased with the low interest rate. Plus, the flexibility to make extra repayments and redraw are helpful features. I’m so grateful to Pepper Money for keeping the whole lending process simple and helping me when the major banks wouldn't.

Always there when we needed them

We went with Pepper Money for our first loan 11 years ago and now have our second with them. They were good to us, always understood our needs, and helped us when Covid made it difficult for us. They are there to help if we ever need them.

Great lending criteria

We’ve used Pepper Money to get our foot in the door for both our family home and our investment properties. They have a very reasonable lending criteria and also friendly service.

Amelia, Sydney
Most helpful mortgage company ever

These guys are great. Every time I call they’re helpful and easy to understand. I’ve had mortgages with many banks over the years and these guys are the easiest to deal with that I have ever come across. Thanks for making every call easy and not a scary, stressful experience like other companies have been in the past.

Trish, Sydney
Such an easy process

Their excellent team assisted us from start to finish. They work with you all the way through the process, making my home loan a reality! It was a very smooth process. I’m a repeat customer with Pepper Money and always enjoy their customer service.

Jamie, Melbourne

The important legal bits

Information and interest rates are correct as of 8 April 2024 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. Promotions are subject to change and may be varied or withdrawn at any time. Applications submitted after the Promotion period will be offered the current interest rates then applicable. 

*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.^)

        View all variable rates »

       Pepper Money 2-year fixed interest rates range from 6.84%p.a. - 12.19%p.a (Comparison rates range from 7.02%p.a. - 12.27%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. 

1Variable interest rate promotion (Promotion) applies to select LVRs for new home loan applications submitted between 12:00 am AEST 8 April 2024 and 11:59 pm AEST 27 June 2024.

2Pepper Money’s fixed interest rate promotion is only available for new home loan applications not previously submitted. Applications must be submitted between 12:00 am AEST 8 April 2024 until 11:59 pm AEST 27 June 2024. To lock in the interest rate at Final Approval, a fixed rate authority lock form must be submitted (fees apply#).  

#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.

˅An indicative interest rate and estimated repayments is not a formal approval for a loan and financial commitments must not be entered into based on it. It is not a suggestion or recommendation of any particular loan product. It is a guide only based on the limited information provided and the credit score obtained. The actual interest rate and fees will depend on the borrower’s circumstances and the information verified during the loan application assessment.

~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).

Get in touch with a Lending Specialist

Tell us about your situation. The more we learn, the better we can help.