These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Pepper Money is a non-bank lender. Pepper Money offers a range of home loans for Australian borrowers. Check out the full table of Pepper Money products below or read more about the lender.
Compare Pepper Money home loans for October 2024
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Pepper Money is a non-bank lender with businesses in Australia and New Zealand.
Pepper Money offers home loan products for owner-occupiers and investors.
This lender also offers other financial products such as car loans, loans for professional equipment, commercial loans and personal loans.
As a non-bank lender, Pepper Money offers flexible loans and state that they "may be able to help when others can't". This means they consider offering loans to those with low credit, those who are self-employed and they offer low-doc loans.
Pepper Money home loan features
Here are the key features and details you need to know about Pepper Money's mortgage products.
Feature
Details
Minimum deposit
It is possible to get a home loan from Pepper Money with a deposit as low as 5%.
Offset account
You can get an offset account with several Pepper Money loans.
Alternative loans
Pepper Money offers loans to a wide range of borrowers that major banks may not normally service, such as those with poor credit ratings or self-employed borrowers with limited documentation. These loans generally come with a higher interest rate than you'd pay at a normal bank.
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with Pepper Money you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:
ING. This online bank is part of the global, Dutch financial group of the same name.
Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 543 Finder guides across topics including:
Mortgage holders are in survival mode skipping everything from meals to mobile bills to stay on top of monster repayments, according to new research by Finder.
The government is trying to pass its Help to Buy scheme through parliament but both the Coalition and the Greens have rejected it once already. What is the scheme and how would it help Australians?
Hi, Which lenders are best for home loans for long term income protection recipients with policy validity age 70, already paid for over 5 years.
Finder
RichardFebruary 27, 2023Finder
Hi Sassy,
I suggest speaking to Pepper Money directly. At Finder we can help you compare loans and provide general information but we can’t assist with highly specific, personal inquiries.
Sorry we can’t be more helpful.
Kind regards,
Richard
robynJanuary 5, 2022
could you please contact me re paying out a current loan with you and applying for a new home loan to which I will only need to borrow about one fifth of the property value – disability pensioner – moving interstate to be with family THANKS
Finder
RichardJanuary 11, 2022Finder
Hi Robyn,
At Finder, we do not issue home loans ourselves. So we cannot help you with the specifics of a current loan you may have.
You can call Pepper Money at 137 377 to discuss your existing loan and if you wish to refinance it. Make sure you review their Product Disclosure Statements and Terms & Conditions before making a decision.
Cheers,
Richard
GeofFebruary 23, 2016
thank you Belinda yes I have used the calculator I as hoping for information like deposits etc
BelindaFebruary 24, 2016
Hi Geof,
Your welcome.
I’ve sent you an email so I can better understand your situation.
Regards,
Belinda
GeofFebruary 23, 2016
I would like to know what costs i would need to buy a house, the amount is $150,000 its my 1st house and I am 52yo
I have bad credit from a old visa card which i paid out and a AGL bill. I was wondering how hard will it be for me to get a home loan,
BelindaJuly 8, 2015
Hi Greg,
Thanks for your inquiry.
Although lenders have different eligibility criteria, it may be possible for you to still apply for a home loan even with a bad credit rating.
You can learn more about how to improve your chances of being approved for a home loan, and you can enquire with a lender to discuss your options.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Thanks,
Belinda
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Hi, Which lenders are best for home loans for long term income protection recipients with policy validity age 70, already paid for over 5 years.
Hi Sassy,
I suggest speaking to Pepper Money directly. At Finder we can help you compare loans and provide general information but we can’t assist with highly specific, personal inquiries.
Sorry we can’t be more helpful.
Kind regards,
Richard
could you please contact me re paying out a current loan with you and applying for a new home loan to which I will only need to borrow about one fifth of the property value – disability pensioner – moving interstate to be with family THANKS
Hi Robyn,
At Finder, we do not issue home loans ourselves. So we cannot help you with the specifics of a current loan you may have.
You can call Pepper Money at 137 377 to discuss your existing loan and if you wish to refinance it. Make sure you review their Product Disclosure Statements and Terms & Conditions before making a decision.
Cheers,
Richard
thank you Belinda yes I have used the calculator I as hoping for information like deposits etc
Hi Geof,
Your welcome.
I’ve sent you an email so I can better understand your situation.
Regards,
Belinda
I would like to know what costs i would need to buy a house, the amount is $150,000 its my 1st house and I am 52yo
Hi Geof,
Thanks for reaching out.
If you would like to estimate the costs of buying a property, you can use our property buying cost calculator. It’s also worth speaking to a licensed mortgage broker to ensure that you understand the full costs of purchasing and owning property.
Thanks,
Belinda
I have bad credit from a old visa card which i paid out and a AGL bill. I was wondering how hard will it be for me to get a home loan,
Hi Greg,
Thanks for your inquiry.
Although lenders have different eligibility criteria, it may be possible for you to still apply for a home loan even with a bad credit rating.
You can learn more about how to improve your chances of being approved for a home loan, and you can enquire with a lender to discuss your options.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Thanks,
Belinda