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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.
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Why choose Pepper
Pepper Home Loans
Loan amount
Minimum deposit
Loan type & Term
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6.84%
7.02%
$2,438
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 45% min deposit
- P&I
6.94%
7.12%
$2,460
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 35% min deposit
- P&I
7.04%
7.22%
$2,483
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
7.14%
7.32%
$2,505
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 25% min deposit
- P&I
7.24%
7.50%
$2,528
Australian Credit Licence 286655
Fees & charges apply
Clear Home Loan
- Owner Occupied
- Variable
- 45% min deposit
- P&I
7.24%
7.50%
$2,528
Australian Credit Licence 286655
Fees & charges apply
Clear Home Loan
- Owner Occupied
- Variable
- 35% min deposit
- P&I
7.34%
7.60%
$2,550
Australian Credit Licence 286655
Fees & charges apply
Clear Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
7.44%
7.62%
$2,573
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
7.44%
7.70%
$2,573
Australian Credit Licence 286655
Fees & charges apply
Clear Home Loan
- Owner Occupied
- Variable
- 25% min deposit
- P&I
7.54%
7.80%
$2,596
Australian Credit Licence 286655
Fees & charges apply
Clear Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
7.64%
7.82%
$2,618
Australian Credit Licence 286655
Fees & charges apply
Essential Home Loan
- Owner Occupied
- Variable
- 15% min deposit
- P&I
7.64%
7.90%
$2,618
Australian Credit Licence 286655
Fees & charges apply
Easy Home Loan
- Owner Occupied
- Variable
- 35% min deposit
- P&I
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
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Total repayments
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- 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 homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.
Joe Reilly
Get expert advice from a home loans specialist.
With 25 years banking and mortgage broking industry experience, Joe Reilly uses his extensive knowledge in home loans, b...
Viet Nguyen
Get expert advice from a home loans specialist.
Been in the industry for over 10 years while working as a Mortgage Broker for over 3 years. I specialised in assisting c...
Daniel Del Papa
Get expert advice from a home loans specialist.
What truly sets Daniel apart is his unwavering passion for empowering clients to achieve their financial aspirations. Wi...
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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^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.