Pepper home loan repayment calculator

Thinking about taking out a home loan with Pepper? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Pepper home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.85 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Award winning loans
  • Flexible loan options
  • Cater to borrowers with specific needs like low doc loans and self-employed
  • No branch access
  • Less competitive interest rates on some specialist loans

Pepper home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.85%

Variable

$1039

3.05%

$10 monthly
Pepper
More details

2.85%

Variable

$1039

3.05%

$10 monthly
Pepper
More details

2.85%

Variable

$1039

3.05%

$10 monthly
Pepper
More details

2.99%

Variable

$1039

3.19%

$10 monthly
Pepper
More details

3.09%

Variable

$1039

3.29%

$10 monthly
Pepper
More details

3.19%

Variable

$1039

3.39%

$10 monthly
Pepper
More details

3.35%

Variable

$1039

3.55%

$10 monthly
Pepper
More details

3.35%

Variable

$1039

3.55%

$10 monthly
Pepper
More details

3.35%

Variable

$1039

3.55%

$10 monthly
Pepper
More details

3.35%

Variable

$1039

3.55%

$10 monthly
Pepper
More details

3.35%

Variable

$1039

3.55%

$10 monthly
Pepper
More details

3.39%

Variable

$1039

3.59%

$10 monthly
Pepper
More details

3.49%

Variable

$1039

3.69%

$10 monthly
Pepper
More details

3.49%

Variable

$1039

3.69%

$10 monthly
Pepper
More details

3.59%

Variable

$1039

3.79%

$10 monthly
Pepper
More details

3.59%

Variable

$1039

3.79%

$10 monthly
Pepper
More details

3.69%

Variable

$1039

3.88%

$10 monthly
Pepper
More details

3.89%

Variable

$1039

4.08%

$10 monthly
Pepper
More details

3.79%

Variable

$1835

4.10%

$15 monthly
Pepper
More details

3.79%

Variable

$1835

4.10%

$15 monthly
Pepper
More details

3.79%

Variable

$1835

4.10%

$15 monthly
Pepper
More details

3.79%

Variable

$1835

4.10%

$15 monthly
Pepper
More details

3.79%

Variable

$1835

4.10%

$15 monthly
Pepper
More details

3.99%

Variable

$1039

4.18%

$10 monthly
Pepper
More details

3.89%

Variable

$1039

4.27%

$10 monthly
Pepper
More details

4.19%

Variable

$1039

4.38%

$10 monthly
Pepper
More details

4.29%

Variable

$1835

4.59%

$15 monthly
Pepper
More details

4.29%

Variable

$1835

4.59%

$15 monthly
Pepper
More details

4.29%

Variable

$1835

4.59%

$15 monthly
Pepper
More details

4.29%

Variable

$1835

4.59%

$15 monthly
Pepper
More details

4.29%

Variable

$1835

4.59%

$15 monthly
Pepper
More details

4.19%

Variable

$1039

4.64%

$10 monthly
Pepper
More details

4.49%

Variable

$1039

4.68%

$10 monthly
Pepper
More details

4.34%

Variable

$1835

4.71%

$15 monthly
Pepper
More details

4.44%

Variable

$1835

4.81%

$15 monthly
Pepper
More details

4.44%

Variable

$1835

4.85%

$15 monthly
Pepper
More details

4.54%

Variable

$1835

4.98%

$15 monthly
Pepper
More details

4.49%

Variable

$1039

5.15%

$10 monthly
Pepper
More details

4.94%

Variable

$1835

5.24%

$15 monthly
Pepper
More details

4.84%

Variable

$1835

5.28%

$15 monthly
Pepper
More details

4.99%

Variable

$1835

5.29%

$15 monthly
Pepper
More details

5.14%

Variable

$1835

5.51%

$15 monthly
Pepper
More details

5.24%

Variable

$1835

5.54%

$15 monthly
Pepper
More details

5.24%

Variable

$1835

5.54%

$15 monthly
Pepper
More details

5.14%

Variable

$1835

5.61%

$15 monthly
Pepper
More details

5.24%

Variable

$1835

5.61%

$15 monthly
Pepper
More details

5.34%

Variable

$1835

5.64%

$15 monthly
Pepper
More details

5.34%

Variable

$1835

5.64%

$15 monthly
Pepper
More details

5.24%

Variable

$1835

5.66%

$15 monthly
Pepper
More details

5.44%

Variable

$1835

5.74%

$15 monthly
Pepper
More details

5.44%

Variable

$1835

5.74%

$15 monthly
Pepper
More details

5.34%

Variable

$1835

5.78%

$15 monthly
Pepper
More details

5.64%

Variable

$1835

5.94%

$15 monthly
Pepper
More details

5.54%

Variable

$1835

6.04%

$15 monthly
Pepper
More details

5.79%

Variable

$1835

6.09%

$15 monthly
Pepper
More details

5.64%

Variable

$1835

6.11%

$15 monthly
Pepper
More details

5.84%

Variable

$1835

6.14%

$15 monthly
Pepper
More details

5.94%

Variable

$1835

6.24%

$15 monthly
Pepper
More details

5.74%

Variable

$1835

6.34%

$15 monthly
Pepper
More details

6.04%

Variable

$1835

6.34%

$15 monthly
Pepper
More details

6.04%

Variable

$1835

6.34%

$15 monthly
Pepper
More details

5.94%

Variable

$1835

6.35%

$15 monthly
Pepper
More details

6.14%

Variable

$1835

6.44%

$15 monthly
Pepper
More details

6.04%

Variable

$1835

6.47%

$15 monthly
Pepper
More details

6.04%

Variable

$1835

6.49%

$15 monthly
Pepper
More details

6.14%

Variable

$1835

6.61%

$15 monthly
Pepper
More details

6.44%

Variable

$1835

6.74%

$15 monthly
Pepper
More details

6.44%

Variable

$1835

6.95%

$15 monthly
Pepper
More details

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.

Learn more about Pepper

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

What is a redraw fee?

Redraw fees are charged by your lender when you want to take money you have already paid into your mortgage back out. Typically, banks will only allow you to take money out of your loan if you have a redraw facility attached to your loan, and the money you are taking out is part of any additional repayments you’ve made. The average redraw fee is around $19 however there are plenty of lenders who include a number of fee-free redraws a year. Tip: Negative-gearers beware – any money redrawn is often treated as new borrowing for tax purposes, so there may be limits on how you can use it if you want to maximise your tax deduction.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

How much deposit do I need for a home loan from NAB?

The right deposit size to get a home loan with an Australian lender will depend on the lender’s eligibility criteria and the value of your property.

Generally, lenders look favourably on applicants who save up a 20 per cent deposit for their property This also means applicants do not have to pay Lenders Mortgage Insurance (LMI). However, you may still be able to obtain a mortgage with a 10 - 15 per cent deposit.  

Keep in mind that NAB is one of the participating lenders for the First Home Loan Deposit Scheme, which allows eligible borrowers to buy a property with as low as a 5 per cent deposit without paying the LMI. The Federal Government guarantees up to 15 per cent of the deposit to help first-timers to become homeowners.

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender. 

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.