Business owner thinking about getting self-employed loan
Business owner thinking about getting self-employed loan

Stress-free home loans for the self-employed

Check your borrowing power, get a rate estimate, or even apply online in just a few easy steps.

28 June 2024
28 June 2024

Stress-free home loans for self-employed borrowers

Just because you’ve started your own business, are a sole trader, or a freelancer doesn’t mean your plans to buy a house have to wait. We understand that self-employed Australians come from all walks of life. Our home loan options for self-employed customers could help you get ahead so you can focus on growing your business. We can give you the flexibility to apply for a home loan with just six months of ABN activity.  

Being self-employed shouldn't stop you from owning your home. Enquire online or call our team on 137 377, if you’re a self-employed borrower and looking to get a loan to buy your dream home.  

Why Pepper Money?

We're fast: Home loan decision within 2 business days
                     (once documents submitted)

We're flexible: Multiple loan options, if we can help, we will 

We're accessible: We’re here to talk through your situation 


Self-employed home loan trio


Our flexible approach for self-employed borrowers

  • Flexible cash out options, including for business use
  • Borrow up to 85% of the property value for purchases
  • Deal directly with a decision-maker
  • No limit on the number of debts to be consolidated
  • We look beyond just your credit score
  • Apply with 6 months GST and ABN registration


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 could 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



Interest rate options for the self-employed

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 15 August 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 15 August 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 self-employed home loans work?

Here's what other self-employed home buyers are asking us. If you're still stuck for help, then why not check out all of our home loan FAQs.

What supporting documents do I need for a home loan if I'm

Full Doc Applications

If you’re running an established business, then you’ll be able to apply for a home loan with full documentation.

This means, you’ll have at least two years’ tax returns and notices of assessments or at least two years’ financial statements executed by a registered accountant or tax agent.

Applying for a home loan with full documentation allows you to access the same interest rates and LVR requirements as PAYG customers. 


Alt Doc Applications

If you’ve recently setup your own venture or don’t have everything available for a Full Doc loan application, then we could still help.

With an Alt Doc loan application you might not be able to access the same high LVRs available to full doc customers, but you can still apply for a home loan within 6 months of setting up your business.

Find out more in our Easy Guide to Alt Doc Loans.

Being self-employed doesn't mean that you can't own your home. The big banks can make it difficult for self-employed workers to get a home loan, often requiring them to jump through extra hoops or labelling them as too high-risk. As a non-bank lender, we specialise in self-employed home loan options. We're here to help those with non-standard incomes – including those with only 6 months of ABN and GST registration.

We take a careful look at both your personal and business cash flow to ensure that you can comfortably make your regular home loan repayments. Depending on the level of documentation that you can provide, self-employed borrowers generally fall into two categories: full doc or alt doc.

If you're self-employed and are looking at applying for a home loan, it can be challenging due to the lack of a fixed income that many lenders require as part of the process. However, non-bank lenders like us at Pepper Money may still be able to help you with our flexible approach to self-employed home loan options.

All lenders look at your finances, business turnover, and credit history to determine your ability to repay the loan. Providing evidence of income is important and typically includes bank statements, ABN and GST registration that will be reviewed to assess your ability to manage the loan. 

Committing to a larger deposit could also increase your chances of securing a self-employed home loan and reduce interest charges. 

There are two types of income documentation options available for self-employed borrowers; full documentation (Full Doc) or alternative documentation (Alt Doc). 

It could be helpful to provide all the financial documents and income evidence that you have available to help qualify for a full doc home loan. This could put you in a better position to borrow more and potentially secure a more favourable interest rate.

Here are some of the requirements needed to apply for a home loan if you’re self-employed:

For Full Doc:

  • Last two years tax returns and notice of assessments or
  • Last two years’ financial statements executed by a registered accountant or tax agent

For Alt Doc:

  1. Evidence of ABN registration for 6 months
  2. Evidence of GST registration for 6 months
  3. Declaration of financial position plus one of the following: 6 months business bank statements (inclusive of the last 1 month), or 6 months business activity statements (BAS) or Pepper Money accountant's letter (Accountant's letter not accepted if ABN registered for < 12 months).

If you work for yourself or fall under the category of “self-employed”, applying for a home loan can be quite a challenge even with regular income. All lenders will need to establish your income, assets, savings, and financial capacity to pay back a loan before considering your application. They may also look at the financial position of your business. Unfortunately, many mainstream lenders, like the banks, see self-employed people as high-risk borrowers. But this does not necessarily mean you cannot qualify for a home loan. When you're self-employed, you might need to look beyond the big banks to the non-banks like us at Pepper Money for a lending solution.

Here are some tips and tricks to help get your loan application approved.

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

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.

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.

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.

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

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. 

If you're self-employed, then submit an online enquiry or call our team on 137 377.


Our Product Reviews

Family celebrating in their new home

What our customers think about us


from 1,275 reviews

Friendly service, very helpful

Due to being self-employed none of the major banks would touch us. Despite having a substantial amount as a deposit, they still wouldn't lend to us. We then found Pepper Money and we haven't looked back. They did everything they possibly could to get the loan over the line and they did it! We highly recommend Pepper.

Georgie, Melbourne
Where those in the know go

I'm a self-employed mortgage broker and Pepper Money is my go-to when I need a loan in a hurry to take advantage of an opportunity. Why? Because I know they will do the job quickly, professionally and with outstanding customer service.

DKT, Queensland
Pepper Money is a fantastic firm to do business with

The banks are being very difficult to deal with - if you have income that is not taxable for any reason, and this is not included in your tax return, they say NO! If your accountant can demonstrate to Pepper Money that you have other sources of non-taxable income, you can service your loan, and your LVR is acceptable, then Pepper Money can work with you.

Happy Aussie Borrower
Great customer service

They were very helpful and gave me the result I was looking for. I have been with Pepper Money for 3 years now and I have no problems in recommending them self-employed businessman like myself.

John, Melbourne
Very helpful over the phone, and competitive rates

I was only in business for 2 years and needed a low doc loan. Pepper Money were very helpful over the phone and offered competitive rates. I’d recommend them to anyone who needs the extra help gaining a home loan.

Colin, Adelaide
Quality and Fair

Provided the solution to my complicated business processes. They’re easy to deal with and I would recommend them.

Mark, Adelaide

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 15 August 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 15 August 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.