Pepper Money Advantage Alt Doc Home Loan

Get your home loan application assessed on its merits, not your credit score.

The Pepper Money Advantage Alt Doc Home Loan is available credit-impaired and self-employed borrowers. It has a high maximum loan size, a wide variety of purposes it may be used for and a range of features.

Interest Rate Max LVR
Standard LVR >55% up to 65%
5.99% p.a.
Comparison Rate
6.36% p.a.
Standard LVR 65% to 70%
6.45% p.a.
Comparison Rate
6.89% p.a.
Standard LVR 70% to 75%
6.95% p.a.
Comparison Rate
7.42% p.a.
Standard LVR 75% to 80%
7.19% p.a.
Comparison Rate
7.69% p.a.
Standard LVR 80% to 85%
7.95% p.a.
Comparison Rate
8.49% p.a.
Standard LVR Up to 55%
5.99% p.a.
Comparison Rate
6.36% p.a.
Product NamePepper Money Advantage Alt Doc Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$2,500,000
Minimum Loan Term10 years
Maximum Loan Term40 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest or Interest Only Options
Application Fee$995
Lender's Legal Fee$440
Valuation Fee$0
Ongoing Fees$15 monthly ($180 p.a.)
Discharge Fee$250


  • Allows self-employed borrowers to self-declare income after showing ABN registered for 2 years and GST registration for at least 12 months
  • Borrow up to 80% of the property value with no Lender's Mortgage Insurance fees
  • Extend the loan term to as much as 40 years to reduce monthly payments
  • There is a valuation fee of $0


  • There is a $995 application fee
  • A legal fee of $440 applies
  • An annual fee applies for $15
  • A $250 discharge fee applies when you close your home loan account
  • Title insurance premium fees may also apply

Who is Pepper Money?

Pepper Money is a non-bank lender specialising in helping self-employed borrowers and borrowers who've had some rough patches in their credit history. While Pepper is a homegrown brand, it has expanded to be a global credit provider, with offices in Spain, South Korea, Ireland and the UK.

Features of the Pepper Money Advantage Alt Doc Home Loan

  • Maximum borrowing amounts. You may qualify to borrow up to $2.5 million with this loan, at a maximum LVR of 65%. Higher maximum LVRs are available, but these will come with lower maximum borrowing amounts.
  • Repayments. Repayments can be made on a weekly, fortnightly or monthly basis, and there is no penalty for extra repayments.
  • Up to four loan splits. Splitting your loan can be useful if you have more than one property, more than one borrower or a couple of debts to separate.
  • No third-party lenders mortgage insurance (LMI) approval required. Some lenders require your loan to be covered by third-party LMI, which means your application is subject to approval by the insurer. This isn’t the case with Pepper Money as Pepper Money self-insures its home loans. A mortgage risk fee or lender protection fee may be payable instead.
  • Redraw. You can redraw any extra repayments, with a $1,000 minimum redraw amount.
  • Interest-only option. This loan offers interest-only repayment terms of up to five years on loan terms less than 30 years.
  • Refinancing options. A Pepper Money home loan may be used to refinance non-conforming, private and solicitor loans, as well as other loans.
  • Long loan term. Lengthy 10-40 year loan term options are available.
  • Additional borrowing. Borrowers who take out a home loan with Pepper Money can request additional funds just six months into the mortgage.

Fees and charges

  • Establishment fee. To finalise your application, you’ll need to pay an establishment fee of $995 which includes one standard valuation charge.
  • Mortgage risk fee. Up to 2% of the amount advanced. This fee is to protect the lender and is a substitute for LMI.
  • Annual fee. Borrowers need to pay an annual service fee of $15.
  • Legal fees. $440, plus disbursements to pay to get the legal work sorted on your new loan.
  • Title Protection Fee. $400 per loan.
  • Discharge fee. A discharge fee of $250 is charged when your loan is paid.

How to apply for a Pepper Money Self-Employed Advantage Home Loan

You can apply for a Pepper Money Advantage Alt Doc Home Loan by clicking on the apply links available on this page.

Credit file requirements

Unlimited number of judgements or defaults which have occurred two years before you apply, whether they are paid or unpaid may be considered. A further two defaults will also be considered if they occurred between 12-24 months ago. You may also qualify if your mortgage is up to two months in arrears. Defaults less than $1,000 will be ignored regardless of the date in which they occurred.

Document requirements

To qualify for this loan, you'll need to satisfy the following conditions:

  • ABN registered for one year
  • GST registered for six months
  • Declaration of financial position

You'll also need to supply one of these three:

  • Six months of business bank statements
  • Six months of Business Activity Statements (BAS)
  • Pepper Money accountant's letter

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10 Responses

  1. Default Gravatar
    HarryJune 9, 2015

    hey, do you guys offer any income protection or loan protection?

    • Avatarfinder Customer Care
      BelindaJune 12, 2015Staff

      Hi Harry,

      Thanks for your enquiry.

      With the Pepper Advantage Alt Doc home loan, they do offer income protection as an additional product. This is can either be capitalised into your mortgage or it can be paid monthly through direct debit.

      The cost of this income protection will depend on a range of factors including the loan amount and the level of service that you select, among other things.

      It would be best to contact Pepper Advantage directly if you have any further enquiries regarding income protection.

      Kind regards,

  2. Default Gravatar
    26grecoDecember 8, 2014

    Hi Guys,
    I have recently left Fulltime employment, and taken over an existing business with my son-in-law. The business has been open since August 2011. We took over the business on the 11th of August this year. I get paid a wage of $4700/month through the business, and my wife works elsewhere and gets $500/week.
    The business continues to perform well, but my question is “when can I qualify for a home loan. We have $30,000 in savings, and also an offer of a $15,000 gift from my parents.
    Can you offer any options!!

    • Avatarfinder Customer Care
      ShirleyDecember 9, 2014Staff

      Hi 26greco,

      Thanks for your question.

      Most lenders take a conservative approach and would like to see that you’ve been in the same job for 6+ months. It’s advisable in this case to approach a mortgage broker regarding your home loan needs.

      A mortgage broker has access to a database of lenders and would be able to tell you which ones would accept your application based on your employment history.


  3. Default Gravatar
    joJuly 21, 2014

    Am I able to apply for a self employed advantage plus loan with full documentation?

    • Avatarfinder Customer Care
      ShirleyJuly 22, 2014Staff

      Hi Jo,

      Thanks for your question.

      This home loan is designed for the self-employed. Pepper Home Loans also offers a full documentation version, you can read about it here.

      If you wish to apply, please speak to a mortgage broker.


  4. Default Gravatar
    LeanneJune 25, 2014

    We have a home loan already and have some debt with ATO we are self employed any ideas if we ask the bank would they decline refinance or should we move some where else

    • Avatarfinder Customer Care
      MarcJune 27, 2014Staff

      Hi Leanne,
      thanks for the question.

      It’s difficult for me to say whether or not a bank would decline your application to refinance, as each bank has their own unique lending criteria, which will take into account your income, debts, assets and credit file. You might want to contact a lender directly to find out more about their lending criteria before applying for a home loan, or alternatively seek the services of a qualified mortgage broker to help you target a bank which may cater to your needs.

      I hope this helps,

  5. Default Gravatar
    ToniJanuary 22, 2014

    Hi,. My partner & I are on pensions looking to buy our own home, my question is what’s our chances of a home loan approved by you??

    • Avatarfinder Customer Care
      MarcJanuary 23, 2014Staff

      Hello Toni,
      thanks for the question.

      We are a comparison service which allows you to compare different loans, so unfortunately we can’t answer this question ourselves. You may wish to contact Pepper Home Loans directly to discuss their lending options for pensioners.

      I hope this helps,

Pepper Money Advantage Alt Doc Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $995 / $15

  • Max LVR


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