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Pepper Advantage Full Doc Home Loan

Now you can apply for a home loan even if you're credit impaired with the Pepper Advantage Full Doc Home Loan.

Even if you don’t have genuine savings or fall short of the general requirements for a loan, you could still have the freedom to purchase your dream home or refinance it and even use it for purchasing or refinancing investment properties.

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Review by

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

This home loan is suitable for refinancing, debt consolidation, and purchasing an investment property. Loan amounts range from $50,000 to $2,500,000 and, subject to loan size restrictions, borrowers can borrow up to 95% loan to value ratio (LVR) for residential purchases while the LVR is 85% for all other loan purposes. This loan offers repayment options of having interest-only repayments for a maximum of five years, as well as principal and interest repayments.

About this loan

What are the features and benefits of the Pepper Advantage Full Doc Home Loan?

  • Loan amount. The minimum loanable amount is $50,000 with a maximum of 40, subject to LVR limitations.
  • Loan to value ratio (LVR). The maximum loan to value ratio for purchases is up to 95% and 85% for other loan purposes, subject to loan size restrictions.
  • Debt consolidation. There is no limit as to the number of debts that may be consolidated with this loan.
  • Loan term. The loan's minimum term is 10 years with a maximum of 40 years.
  • Redraw facility. You can redraw additional amounts paid in a minimum amount of $1,000 for manual redraws and $1,000 online.
  • Additional funds option. You can apply for additional funds if your loan has been settled for at least six months and all repayments have been made on time.
  • Repayment options. You can choose to pay weekly, fortnightly or monthly and additional repayments free of charge. Interest-only repayments are available for a maximum of five years and payments during an interest-only period must be made monthly.
  • Lender's Mortgage Insurance (LMI). No third party lender's mortgage insurance approval is required with this loan.
  • Accessibility. You can access your funds easily through BPAY, internet or phone banking.

What fees and charges come with this loan?

  • Redraw fee: $0. There's no fee for redrawing your additional funds with this loan.
  • Establishment fee: $995 This is to cover the cost of setting up your accounts.
  • Monthly administration fee of $15 per month: This fee is charged for the maintenance of your accounts.
  • Discharge fee: $250. This amount is collected after you pay the entire loan and can include administrative costs involved in the preparation of necessary exit documents.
  • Mortgage Risk Fee. This fee starts from 0.75% of the loan amount. The applicable fee will depend on your LVR.
  • Legal Fees: $440. There will be legal fees of approximately $440 to pay.
  • Title Protection Fee: $400.

How to apply


Make sure you satisfy these two basic requirements:

  • Age. You must be at least 18 years old.
  • Residency or citizenship. You must be an Australian citizen or a permanent resident in Australia (some temporary visas may be accepted).

Supporting documentation

In addition, you need to present the following documents:

  • Latest two pay slips. This is for income verification purposes.
  • Supporting documents. You need to submit either a letter of employment, tax assessment notice, latest group certificate, or latest three months bank statements.

With the Pepper Advantage Full Doc Home Loan, a lot of features and options are there for you to enjoy and choose from.

Home Loan Offers

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    Default Gravatar
    March 23, 2019

    Is it possible to refinance a home loan by using equity within the property as a deposit?

      Avatarfinder Customer Care
      March 24, 2019

      Hi Georgie,

      Thank you for getting in touch with Finder.

      Please note that the amount of equity you have in your home can determine your refinancing options. If you consider refinancing your home loan with Pepper Money, kindly click on the ‘Enquire Now’ button then enter all details asked and an expert will get in touch to discuss your options. I also suggest that you seek help from a mortgage broker to discuss your other refinance home loan options.

      I hope this helps.

      Thank you and have a wonderful day!


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