Home buyers think about getting home loan
Home buyers think about getting home loan

Bank said no to your home loan?

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

28 June 2024
28 June 2024

We offer a wide range of home loan options – what’s your situation?

We understand that everyone’s real-life situation is different. That’s why we keep our thinking flexible. As a non-bank lender, we look at more than just your credit score, which is why we may be able to help when others can’t. Pick the right option for you below: 

Moving up or sizing down?

Whether you’re moving on in the world and exploring new suburbs in Australia, needing a bigger space or maybe even downsizing - we’re here to help. Things may have changed since you last bought a property. Getting a home loan approval from traditional lenders today can mean having to tick a lot of boxes and fitting into a long list of fixed conditions. You’ll find our approach more personal and flexible.  


Buying a home duo

What every home buyer needs

  • We look beyond just your credit score
  • Borrow up to 95% of the property value
  • Additional income sources considered

Unlock the power of your home loan

Refinancing could reshape your financial situation. You can refinance to change lenders for a better deal, to consolidate debt, or to use your equity (the market value of your property minus what you owe on your mortgage) to help fund a renovation, a new business venture, or even a cheeky boat purchase. The options are nearly endless.


Pepper Money refinancing duo

Make refinancing work for you

  • Cash-out up to 90% LVR; including for renovations
  • Borrow up to 90% of the property value
  • Deal directly with a decision-maker
  • Consolidate unlimited debts and improve your cash flow 
  • We look beyond just your credit score
  • Additional income sources considered

Focus on your business, not your loan

Just because you’ve started your next business venture doesn’t mean your plans to buy a house have to wait – we give you the flexibility to apply for a home loan with just six months ABN activity. Find out more about our home loans for the self-employed and small business owners.


Self-employed home loan duo

Mortgages made for small business owners

  • Cash-out up to 80% LVR; including for business use
  • Borrow up to 95% of the property value for purchases
  • Talk through your situation with us
  • Consolidate unlimited debts, including ATO debts 
  • We look beyond just your credit score
  • 6 months GST and ABN registration 

Embrace the alternative

Not everyone works a 9 to 5 and has regular payslips. We get it’s not that easy for everyone. That’s why we’ve developed alt doc loans that allow recently self-employed borrowers to pursue their property dreams. 


Low doc home loan duo

Bringing alt doc loan applications into focus

  • Talk through your situation with us
  • We look beyond just your credit score
  • Apply with just 6 months GST & ABN registration

Don't let your credit history hold you back

Why let something in the past decide your future? We get it, real life happens and just because you had some credit issues before doesn’t mean that your options should be limited. That’s why we get to know you – the person behind the credit score. If we can help you find a way forward, we will.

borrowers with adverse credit history

Talk through your credit situation with us

  • We look beyond just your credit score
  • Borrow up to 95% of the property value
  • Consolidate unlimited debts and improve your cash flow
  • Apply with mortgage arrears  
  • Flexible approach to credit impairments including prior bankruptcies

Get on the path to
home ownership

You’ve saved your deposit, researched your options and are looking forward to settling into your new home. It’s a big commitment and a lot of change, but the good news is we’re here to make the move to home ownership as easy as possible. 


Pepper Money first home buyer duo

Helping you buy your first home sooner

  • Talk through your situation with us
  • We look beyond just your credit score
  • Gifted deposits accepted
  • Borrow up to 95% of the property value 
  • Borrow up to 85% with no Mortgage Insurance (LMI)
  • Conditional approval within 48 hours

Grow your portfolio with us

Whether you’re looking at your first investment property or growing your portfolio, we’re here to help make the property investment process easier.

Investment property home loan duo

Make property investment work for you

  • Unlimited debt consolidation options
  • Up to 5 years interest-only 
  • Cash out up to 80% LVR
get my rate calculator pepper money

In less than 5 minutes, find out your indicative interest rate and estimated repaymentsˇ.
Best yet, it won’t impact your credit score. 


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 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

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

Let's crunch those numbers

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

View all calculators »

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.

What others ask about our home loans

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.

This is a calculation based on your total income, expenses, current credit exposure and your credit history. You can estimate your borrowing capacity in under 5 minutes using our home loan calculator - it’s quick, easy and won’t impact your credit score.

Different lenders charge different upfront and ongoing monthly fees, which should be factored in when saving your deposit. Some of these 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 balance each month.

You can 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 house loan balance and are usually paid upon settlement.

The interest rates for home loans tend to vary for each individual, depending on a range of factors: 

  • The amount you need to borrow against the property value; known as the Loan-to-Value Ratio (LVR) 
  • The size of your deposit  
  • 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

You can find out what interest rate you might be eligible for in under five minutes using our home loan interest rate calculator. It’s quick, easy and won’t impact your credit score.

Yes – in fact, we partner with over 15,000 accredited mortgage brokers across Australia.

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.

Interest rates can vary among lenders, so it’s important to understand the finance options available to you.  A lower interest rate could help save you money over the life of the loan - home loans are a long-term debt, and even a small percentage difference in interest rates can have a big impact on the total amount you will pay in the long run.   

You can use our Home Loan Interest Rate Calculator to estimate your indicative interest rate with just a few personal details. Plus, it won't impact your credit score.

Once you have worked out your interest rate and borrowing capacity, our mortgage repayment calculator can help you work out what your home loan repayments might look like, including the impact of extra repayments or a different deposit. 

Our Product Reviews

Family celebrating in their new home

What our customers think about us


from 1,275 reviews

Great ongoing service

I have been a Home loan customer of Pepper Money for sometime now and one of the things I really like about Pepper is that over the last few years they have worked with me to keep my interest rate competitive. Great customer service!

Michael, Adelaide
Made life easy!

The entire relationship was perfect, the loan was sanctioned Just in time. Documentation was not fussy, and straightforward. Costs were as per the market standard, and though I was worried about the due date for settlement, the process was good and done prior to the deadline.

James, Melbourne
Home loan heaven

Every time I had to deal with Pepper Money was a pleasant experience. Nothing was too difficult and the people I spoke with were friendly, easy to deal with and professional.

Noeleen, Western Australia
When the struggle is lifted finally

We had had been refused and knocked back by our big 4 lender several times and even mortgage brokers were reluctant to help us. We never once said we were perfect and new we had some past credit issues but they shouldn't have held us back from reaching our financial goal.

Jarrod, Goulburn Valley
Best phone call I made all year

I called up to change my address and ask a couple of admin questions and ended up speaking to a mortgage specialist called Mile who was informed, to the point and exhibited exemplary customer service.

Lisa, Sydney
Fantastic to deal with made everything so easy

Extremely satisfied with all there help and service great customer service always keeping me informed with what was going on with loan process will be recommending to all family and friends.

Pino, Victoria
Thank you for giving me a chance to have a home for my kids

Excellent customer service. Very grateful to ge customer of pepper. Was given a chance of getting a house loan when other banks would not even look at you been a single mum.

Olena, Perth

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.