Pepper Essential Plus Home Loan (Prime) (LVR 70%-75%) (Principal & Interest)
- Last updated on 12 Jul 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
4.66%
Variable
4.85%
$1,549
based on $300,000 loan amount for 25 years
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
Maximum LVR 75% | Interest rate structure Variable |
Borrowing range $100k - $1m | Total Repayments $557,640 |
Principal & interest | Interest only |
Loan term range 10 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors, Owner Occupiers |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $1039 | Application fee $599 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $440 | Other upfront fee $0 |
Ongoing fee $10 monthly | Discharge fee $250 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
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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.
