Pepper Money home loan fees: Fact sheet
It’s important to be aware of all the fees associated with your home loan application so that you can put some money aside to cover these expenses. Our guide outlines the fees applicable on a Pepper Money Home Loan*.
What fees will I need to pay before settling my home loan?
There are some fees that will need to be paid before you settle your home loan.
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Establishment Fee
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A one-off application fee that is required on all new loans, including refinancing existing Pepper Money loans.
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Valuation Fee
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This fee covers the cost of an independent property valuer to conduct a valuation on your property. If the valuation is ordered by us, this fee is often included as part of the establishment fee or charged upfront if the cost of the valuation is substantial.
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Title Protection Fee
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A one-off, non-refundable fee that protects us against loss caused by legal matters relating to the title of the property (such as the transfer of a deed or similar).
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Legal Fee
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Covers the cost of our solicitors to prepare loan contracts and attend settlement among other legal matters.
What fees do I need to pay when my loan settles?
Any risk fee on your home loan product, will need to be paid when the loan settles.
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Lender Protection Fee (LPF)
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This is a one-off fee charged by lenders to protect themself in case you’re unable to meet your mortgage repayments. LPF can either be paid upon settlement of your loan or added to your loan amount and paid off over the life of the loan – as long as this doesn’t cause your loan to exceed the maximum allowable LVR for your individual home loan product.
Are there any ongoing fees that I have to pay during the life of the loan?
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Monthly Administration Fee
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A monthly fee for administering your loan is charged on the same day each month as the settlement date.
What happens if I decide to pay off my home loan early?
*These fees and charges are correct as at 07 November 2023 and are subject to change at any time. Other fees and charges may apply depending on the applicant’s circumstances.
Contributor | Dianne Wassouf, Head of Customer Solutions
Dianne joined Pepper in 2012 and is now responsible for all Customer Service and Resolutions post settlement teams across Australia and Manila. Her expertise focuses on customer solutions and assistance and has equipped her with a deep understanding of client relations and service excellence.
Published by Pepper Money. Read our Editorial Policy to learn how we create and review content.
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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 licensed financial or tax adviser.
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Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans.
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