Pepper Easy Home Loan

Features

The Pepper Easy Home Loan can provide borrowers with access to a full doc loan or an alt doc home loan provided they have had no credit impairment in the last two years.

An alt doc home loan is an ‘alternative doc loan’ which lets the borrower provide alternative documentation to prove their income, like business activity statements, tax assessment notices and bank account statements.

The Pepper Easy Home Loan has a range of flexible features which can help you save like the 100 per cent interest offset sub-account which can use your savings to offset the amount of interest you pay on your loan balance.

This variable home loan has a split loan facility, which gives you the option of splitting your home loan into both a fixed and variable rate, giving you a little more security over your loan amounts.

The Pepper Easy Home Loan lets you make additional payments into the loan which can be accessed at a later stage using the redraw facility. If you find yourself needing extra funds, this loan lets you take cash out to fund renovations, business expenses and to payoff ATO debts.

When it comes to paying back the loan, you can choose from weekly, fortnightly or monthly repayment options.

Who is the Pepper Easy Home Loan good for?

If you don’t meet the standard lending criteria, are self-employed or have had a history of credit defaults but have had a clean credit history for the past 24 months, this flexible variable rate home loan can help you find a home sooner. The ‘alt doc’ requirements allow you to prove your income using less traditional methods, making this loan ideal for people that don’t fit the lending mould.

Review - What RateCity says

When it comes to being self-employed, trying to find a home loan can be both a challenging and frustrating process. The Pepper Money Easy Home Loan gives self-employed borrowers a range of flexible loan options which can make the process of being your own boss and owning your own home less daunting.

While this loan has all the features you’d want in a home loan, it does have a higher than average interest rate.

Pepper Money makes the process of applying relatively painless by allowing you to use alternative ways to meet the eligibility criteria like using your tax returns, BAS statements and an accountant's declaration.

As Pepper is an online-only lender, it doesn’t have a branch presence, which can be limiting for customers who prefer face-to-face customer support.

Pepper Easy Home Loan Options

The Pepper Easy Home Loan is ideal for borrowers with a clean credit history for two years who may not have access to other loans. 

1 - 14 of 14
Product
Advertised rate
Comparison rate*
Monthly repayment
Go To Site
Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Advertisement
Advertisement

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

Variable Rates from

4.26%

Advertised rate

4.63%

Comparison rate
Pros
  • Suitable for the self-employed.
  • Flexible repayment options.
  • Redraw facility.
Cons
  • High upfront fees.
  • High interest rate.
  • Ongoing monthly fees.
Eligibility

Must be 18 years or over.

Must be an Australian citizen.

Meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
Fees
  • Estimated upfront fees: $1435.00
  • Discharge fees: $250
  • Ongoing fees: $15 monthly

The Pepper Easy Home Loan has very high upfront fees and an ongoing monthly account fee. It also has a discharge fee when the loan ends. There is no redraw fee, but there is a minimum redraw amount. 

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Pepper

Pepper Money is an ASX-listed financial institution that specialises in providing innovative financial products and services to borrowers that don’t quite fit the standing lending criteria, specifically the self-employed or people that have had historical credit issues. Pepper Money has a range of flexible home loan solutions specifically catered to ‘low doc’ or ‘alt doc’ borrowers.

Compare your product with the big 4 banks, or add more products to compare
As seen on