Pepper home loans

Pepper is a non-bank lender that has served over 100,000 Australians since 2000. Pepper is a specialist lender that provides home loans to customers that fall outside traditional borrower profiles, as well as more everyday borrowers.

Pepper has won several awards, including Best Non-Bank Lender in 2018, and Best Specialist Lender and Best Self Employed Lender for 6 years in a row.

Pepper’s range of home loans includes options that serve non-traditional borrowers, including the self-employed, those who have had credit issues, and those who are over-committed financially.

Other available products

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Mark Bristow

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

13 Oct, 2024

Why choose Pepper

Benefits

Award winning loans
Flexible loan options
Cater to borrowers with specific needs like low doc loans and self-employed

Drawbacks

No branch access
Less competitive interest rates on some specialist loans

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

Pepper home loans are available through brokers who can help find the right loan and manage your application at no charge.

Patrick Short

VIC3127

Customer Representative Number: 517192

5.0

48 Google reviews

Get expert advice from a home loans specialist.

I began my Mortgage Broking career back in March 2000, and soon discovered it was a position that I love. It allows me ...

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Yvonne Moreno Nogales

VIC3941

Customer Representative Number: 535097

Get expert advice from a home loans specialist.

Hi everyone! I'm Yvonne, director & mortgage broker at Moreno Finance Solutions. I have been working as a mortgage brok...

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Alisa Keattichaidumrong

VIC3978

Customer Representative Number: 542499

5.0

34 Google reviews

Get expert advice from a home loans specialist.

I started my career in finance back in 2011 where I had the opportunity to work in personal lending, credit assessment a...

View Profile

Pepper customer service

Pepper is an online-only lender, meaning that there are no branches or mobile lenders. Potential Pepper customers can contact the lender through the home loan enquiry hotline, by filling out an online enquiry form, or by emailing Pepper directly.

Customer service centre (phone, email)
Online banking

How to apply for a Pepper home loan

Customers wanting to apply for a Pepper home loan can do so by filling out an online enquiry form, calling the hotline or emailing a lending specialist.

Before applying for a home loan it is important to consider how much money you can afford to borrow, given your financial situation and income.

You will also need to provide documentation when applying for a home loan. This may include:

Personal identification
Proof of income – whether you are self-employed or work for an employer
Information regarding your current debts, liabilities and assets including any personal or car loans
Details of your ABN and GST registration
An accountants letter if necessary

About Pepper home loans

Pepper is a specialist lender, and as such, some of its home loans are different from those offered by more traditional banks.

Pepper home loans suit borrowers in unique circumstances, but they still serve a range of borrower types, including:

First-time home buyers
Investors
Refinancers
Renovators
Self-employed (alt-doc loans)

Pepper home loans can assist borrowers who have had credit issues in the past, borrowers who are overcommitted financially, and borrowers who have experienced life events that have caused defaults on their credit files.

Pepper mortgages have a maximum loan term of 30 years. Extra repayments are allowed. Depending on the product you choose, your Pepper loan may have an offset account and a redraw facility. Borrowers can choose from weekly, fortnightly, or monthly repayments, and can choose between principal and interest and interest-only payments.

Pepper home loans generally charge establishment and ongoing fees.

Pepper home loan rates

Pepper home loan interest rates vary from loan to loan. As a general rule, more traditional borrowers with lower LVRs get lower interest rates than non-traditional borrowers with high LVRs.

Pepper’s mortgage interest rates differ between owner-occupiers and investors, as well as between principal and interest and interest-only mortgages. Interest-only payments are available for a maximum of five years.

Pepper’s flexible home loans can be valuable to non-traditional borrowers who may not be able to take out home loans from banks, though the rates on these loans may be higher than for more traditional loan products.

Pepper home loans review

Pepper’s home loan products can be valuable for customers who don’t fit within traditional borrower guidelines. Pepper offers mortgages for self-employed customers, PAYG employees, and those who have had issues with their credit in the past.

Pepper does not have any branches, so Pepper home loans are only suitable for borrowers who are willing to have their home loan communication done entirely online or over the phone.

Pepper offers home loan products for non-traditional borrowers, including those who have unusual financial histories, so their rates aren’t always as low as other online-only lenders who cater to more traditional borrowers.

While fees may vary from loan to loan, Pepper home loans tend to charge an establishment fee as well as ongoing monthly service fees.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Pepper home loans

Why choose Pepper

Benefits

Drawbacks

Pepper Home Loans