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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

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

Pepper Home Loans

Home Loans calculator

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

$
130
25 years

Your estimated mortgage repayments

$0

at interest rate 5%

Total interest payable

$0

Total loan repayments

$0

Contact a mortgage broker

Pepper homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

broker profile picture

Deborah Fredericks

NSW2478
Customer Representative Number: 376823
5.0
12 Google reviews

Get expert advice from a home loans specialist.

Deborah Fredericks is the Senior Lending Manager at Korff Wealth with over 20 years lending, business and property exper...

View Profile
broker profile picture

Jenny Bandara

VIC3029
Customer Representative Number: 545931
5.0
83 Google reviews

Get expert advice from a home loans specialist.

I am your local Mortgage Broker. With professional qualifications in Accounting & Finance, I enjoy helping my clients to...

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broker profile picture

Simon O'Kelly

VIC3205
Customer Representative Number: 511481
5.0
49 Google reviews

Get expert advice from a home loans specialist.

I specialise in helping: • First Home buyers • Refinancing to get extra funds, a better rate or to consolidate other d...

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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.