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Pepper Easy Alt Doc Plus Home Loan (Near Prime) (Interest Only) (LVR < 65%)

For any query, Call: 1300 001 153
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I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • 100% full offset account
  • Extra repayments + redraw services
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
65%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2.5m
Total repayments
Total repayments
$365,100
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 40 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$1835.00
Application fee
Application fee
$1,395
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$440
Ongoing fee
Ongoing fee
$15 monthly
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
65%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2.5m
Total repayments
Total repayments
$365,100
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 40 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$1835.00
Application fee
Application fee
$1,395
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$440
Ongoing fee
Ongoing fee
$15 monthly
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Other Restrictions
Interest Only not available for terms > 30 yrs

Pepper is a non-bank lender that has served over 100,000 Australians since 2001. Pepper is a specialist lender that provides home loans to customers that fall outside traditional borrower profiles.

Pepper has won several awards, including Best Specialist Lender and Best Self Employed Lender in 2016.

Pepper has created a range of home loan products that serve non-traditional borrowers, including options for the self-employed; for those who have had credit issues; and for those who are over-committed financially.

FAQs

Home loans spanning 40 years are offered by lenders such as BCU, Teacher’s Mutual Bank and Pepper. Even though these loans exist on the market, they are not overwhelmingly popular as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

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