Pepper Money Home Loan Fees: Fact Sheet

Broker discussing Pepper Money home loan fees to her customers

 Estimated read time: 2 Minutes

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. 

Establishment Fee
A one-off application fee that is required on all new loans, including refinancing existing Pepper Money loans.
Valuation Fee
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. 
Title Protection Fee
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). 
Legal Fee
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.

Lender Protection Fee (LPF)
A one-off, non-refundable fee used to offset the risk associated with loans of a higher Loan to Value Ratio (LVR).
Mortgage Risk Fee (MRF)
Similar to LPF, this is a one-off fee payable by you to protect us from a possible financial loss if you're unable to meet your home loan repayments.

MRF may be paid either at settlement as a lump sum or added to your loan and paid off over time so long as it doesn’t cause your loan to exceed the maximum allowable Loan to Value Ratio (LVR) for your home loan and that it meets the required servicing requirements.

Are there any ongoing fees that I have to pay during the life of the loan?

Monthly Administration Fee
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?

We may charge you a discharge fee stated in the loan contract -  as well as a solicitor’s fee upon ending your home loan agreement. An extra break fee may apply if you have a certain home loan options – learn more about our home loan break fees.

*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.


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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.

All applications for credit are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. 

The results of the borrowing power calculator are based on information you have provided and is to be used as a guide only. The output of the calculator is subject to the assumptions provided in the calculator (see 'about this calculator') and are 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. The interest rates do not reflect true interest rates and the formula used for the purpose of calculating estimated borrowing power is based on the assumption that interest rates remain constant for the chosen loan term. Your borrowing power amount will be different if a full application is submitted and we complete responsible lending assessment. The results in the calculator do not take into account loan setup or establishment fees nor government, statutory or lenders fees, which may be applicable from time to time. Calculator by Widgetworks.

Pepper Money Personal Loans is a brand of Pepper Money Limited. Credit is provided by Now Finance Group Pty Ltd, Australian Credit Licence Number 425142 as agent for NF Finco 2 Pty Limited ACN 164 213 030. Personal information for Pepper Money Personal Loans is collected, used and disclosed in accordance with Pepper’s Privacy Policy & the credit provider’s Privacy Policy.

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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