Pepper personal loan repayment calculator

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

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • No application fees
  • No ongoing fees
  • Can apply online
  • Early repayment fee
  • No branch access
  • No redraw facility

Pepper personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

6.95%

Fixed up to 17.95%

8.57%

$593

based on $30,000 loan amount for 5 years

$495

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pepper
More details

Features of a Pepper Money personal loan

Pepper Personal Loans are structured with minimal fees – there’s no application fee or ongoing fee to worry about. Using these flexible personal loans, you can borrow between $5,000 and $50,000 for a variety of different purposes, including debt consolidation, or paying for holidays, renovations or weddings.

Once you’ve completed the short online application for a Pepper Money personal loan, you should receive your funds the next business day following approval – often within 48 hours.

Pepper Money personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Renovations
  • Holidays
  • Medical bills
  • Student fees
  • Shares
  • Vehicles
  • Boats

Pepper Money personal loans – customer service

Pepper Money doesn’t have any branches, but you can apply for a personal loan with Pepper Money online. You can also talk to them via the phone:

  • Online enquiry
  • Phone, Monday to Friday,  8:00am - 6:00pm (AEDT)

Who is eligible for a Pepper Money personal loan?

To be eligible for a Pepper Money personal loan you’ll need to meet the following criteria:

  • Be 18 years or over
  • Be an Australian citizen or permanent resident
  • Have proof of income and employment
  • Be able to afford the personal loan repayments

How to apply for a Pepper Money personal loan?

To apply for a Pepper Money personal loan, borrowers can apply online through the website. The application process takes around 15-20 minutes to complete and involves the following steps:

  • Once you’ve compared your personal loan options, you can apply online from any device
  • Once you’ve completed your personal loan application and provided supporting documentation, Pepper Money will review your application
  • Once approved for a personal loan, the funds will be available to you within 48 hours

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Proof of income and employment
  • Details of any other financial commitments

Pepper Money personal loans review

Each Pepper Money personal loan is calculated to suit the borrower’s circumstances. Depending on what type of loan you choose, your credit rating and several other factors, the rate of interest you’ll pay on your personal loan could range from average to high. However, the lack of establishment and ongoing fees remains consistent across Pepper Money personal loans, which can help to manage some of the costs for these personal loans.

Borrowers who prefer face-to-face customer support should take note that Pepper Money is 100 per cent online. In saying that, borrowers can contact a Pepper Money lending specialist via phone and through email.

Before applying for a Pepper Money personal loan, always do your research and compare your personal loan options to make sure you’re getting a loan that suits your budget, needs and lifestyle.

Learn more about Pepper

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.