We consider all income equally
Everyone is different and we all make a living in different ways. Why should someone working 9 to 5 be treated any differently to those self-employed, working shifts or receiving support? We don’t think it’s fair – and that’s why we’re here to make home loans more manageable for alternative income earners.
We treat you more like a 9 to 5 earner. We assess 100% of your casual or second job income, overtime, commission, or bonuses when calculating your income. We keep this approach to any Centrelink, child support, or housing allowances that you receive. So regardless of how you make ends meet, we’ll see if we can help you find a way to achieve your property dreams.
It’s this real life approach to lending that lets us understand the person behind the application and look beyond just their credit score. This helps us try and find a way forward for each of our customers.
Check your indicative interest rate˅ with us, and if eligible, apply online. Alternatively, call us on 137 377 or leave an enquiry online to chat to our helpful team.
Why Pepper Money?
Can do: Home loan approval within business days (if eligible)**
Flexible: Multiple loan options, if we can help, we will
Helpful: We’re here to talk through your situation
How we can help
- No limit on the number of debts to be consolidated
- Apply with recent mortgage or debt arrears
- 100% bonus, overtime, car allowance and second job income assessed
- 100% Centrelink, housing allowance, child support income assessed
- 80% rental income assessed
- Flexible cash out 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 the application is for. 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 taking into account your requirements and objectives
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 could help
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.
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.
Whatever stage of the home loan journey you’re at, we’re here to help
Choose a home loan interest rate option that works for you
Variable Rates
Variable interest rate home loans start from
% p.a. variable rate*
% p.a. comparison rate^
Go with the flow with our variable rate option. Maximise your cashflow with our 100% interest offset sub-account, complete with debit card access.
- VISA debit card+
- 100% interest offset sub-account
- Free online redraw
Fixed Rates
2-year fixed interest rate home loans start from
% p.a. 2-year fixed rate*
% p.a. comparison rate^
Manage your money with our fixed rate loan option – choose a fixed-rate term that suits you. Plus, benefit from no break costs!
- 2, 3, 5, 7 and 10-year loan terms
- No break costs or early repayment fees
- Unlimited extra repayments
Home loan calculators
Let’s crunch those numbers. Our calculators are here to help you along your 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 home loan FAQs.
To apply for a home loan, you’ll need to provide documents to verify your identity, financial position, and employment status.
1. Proof of identity:
To confirm your identity, it’s best to provide both your current driver’s licence and passport (Australian passport is acceptable if it expired within the past two years). If you don’t have access to both, just let us know - we’ll work with you to find suitable alternatives.
2. Proof of income:
For PAYG applicants
You’ll need to provide one of the following combinations of documents to verify your income.
Option 1: Your most recent payslip and 3 months of bank statements (showing proof of salary)
Option 2: Either your most recent payslip or 3 months of bank statements (showing proof of salary) plus one of the following:
- Letter of Employment
- Notice of Assessment
- Latest PAYG Payment Summary
For Self-Employed applicants
There are two types of income documentation options available: full documentation (Full Doc) or alternative documentation (Alt Doc).
For Full Doc:
- Last one or two years’ tax returns and notice of assessments, or
- Last one or two years’ financial statements executed by a registered tax agent or accountant
For Alt Doc:
- Evidence of GST and ABN registration for at least 6 months, and
- Declaration of financial position plus one of the following:
6 months of business bank statements, or
6 months of lodged Business Activity Statements (BAS), or
Pepper Money accountant’s letter (eligibility criteria apply).
Please note: the exact documentation required will be dependent on a full review of your situation.
Proof of deposit:
If you’re borrowing over 90% of the purchase price - you’ll be required to provide evidence of genuine savings (i.e. at least 5% of the purchase price). To prove your genuine savings, you’ll need to provide the following (depending on where the funds originated from):
- 3 months’ bank statements demonstrating genuine savings
- Share certificate or dividend statement for any public listed company
- Gift letters for non-repayable gifts from family
- Contract of sale or settlement statement for proceeds of a sale of another property
- Clear rental conduct for 3 months
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.
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
Find out your indicative interest rate and estimated repayments˅, or even apply online if eligible, all in just a few easy steps.
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 our helpful team on 137 377.
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 our helpful lending team about your situation or continue to get an indicative interest rateˇ online.
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.
Resources to help non-standard income borrowers
Our resources are here to guide you through the process and lend a little helping hand to get your home loan journey started.
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
Best Home loan and rates I could ever ask for
Thank you, Pepper Money, for assisting me in achieving my dream of owning my own home. As an amputee and paraplegic from my military service, I tried to get home loans years ago from the major four banks but was told I would never get a home loan because my military pensions were not considered to be income. I was also declared bankrupt because a divorce. Pepper Money came through for me and have I’ve now got my new home on an acre of land in Bundaberg. They’ve helped make an old veteran very happy and achieve my dream - a home I can have all my kids and future grandkids to enjoy. I’d recommend Pepper Money to anyone.
When no one else would help
After years with big banks, they somehow now deemed my income as no longer being a viable source. Pepper Money was the only lender to take me on. I was very upset with the other lenders but am now very happy to now be with Pepper. Thank you.
The best home loans
Even though we had just sold a property and cleared a mortgage (which was greater than the loan amount we were seeking), it was still difficult to find a lender due to our income stream coming from a self-managed super fund and consistent contract/casual work. A Broker that was recommended to us found Pepper Money to be more realistic than other lenders with their assessment of our situation and we gained approval for the amount we needed. I would recommend considering and comparing Pepper Money if you need finance.
Fantastic Service
Although I’m paying a slightly higher lending rate than conventional loans, this is because conventional lenders would not recognise my income from renting out part of my home to university students. Pepper Money have done their utmost to always contact me whenever I have got behind on my repayments and discussed many options to help me and I’m now on top of things. They’re a customer-focused company, who will do everything to keep you informed and let you know your options. If you do not meet the conventional bank’s loan requirements, I give Pepper Money the thumbs up.
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. If there are two or more applicants, the circumstances of the other applicants can affect Pepper Money's decision regarding any formal loan application.
‡Outcomes will vary depending on individual circumstances.
*Our interest rates:
Pepper Money variable interest rates range from % p.a. - % p.a. (Comparison rates range from % p.a. - % p.a.^)
Pepper Money 2-year fixed interest rates range from % p.a. - % p.a (Comparison rates range from % p.a. - % 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.
**Home loan approval timeframes are updated every Monday and may change at any time. For the latest information, please call 137 377.
˅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.
~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).
