Pepper Money No Fee Personal Loan Review | Finder

Pepper Money No Fee Personal Loan Review

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Get a personalised rate from 5.95% p.a. on a fee-free personal loan of between $5,000 and $50,000 from Pepper Money.

Looking for a competitive rate personal loan with no upfront or ongoing fees? Pepper Money is offering personal loans of between $5,000 and $50,000 to eligible borrowers repayable on terms from 18 months to 7 years.

Pepper Money's no fee personal loan is available for a range of loan purposes; including home improvements, holidays, weddings, medical, or education expenses.

Read below to find out more.

From 5.95% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NamePepper Money No Fee Personal Loan
Interest Rate (p.a.)
From 5.95% (fixed)
Comparison Rate (p.a.)5.95%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Factors to consider when deciding on the Pepper Money no fee personal loan

Pepper Money's no fee personal loan is available from a competitive rate of 5.95% p.a. And because there are no fees on this loan, the comparison rate is also 5.95% p.a. However, because the interest rate on this loan is tailored to your personal circumstances, you may be subject to a higher rate than advertised if you don't have an excellent credit score. You can get a personalised rate from the lender's site directly.

Please note that this loan is not available for the following purposes:

  • Debt consolidation of payday loan debts
  • Rent payments
  • Mortgage and credit arrears
  • Payment of defaults and judgements
  • Loans for business purposes

Features of the Pepper Money no fee personal loan

Consider the following features before applying for this loan:

  • Unsecured. This particular loan from Pepper Money requires no asset security.
  • Loan term.The minimum loan term is 18 months with a maximum loan term of 3 years for loans up to $7,999 and 7 years for loans up to $50,000.
  • Loan amount. You can get a loan amount of between $5,000 and $50,000.
  • Quick application. The application process takes as little to 10 minutes to complete.
  • Quick funding. Once approved, you will receive your funds by the next business day to your nominated account.
  • Loan purpose. This loan cannot be used for paying out mortgages or credit arrears, defaults, business purposes or tax debt, but otherwise, the loan purpose is flexible.
  • Repayments. Make your repayments weekly or fortnightly.
  • Rate estimate. Pepper Money provides a fast rate estimate based on your circumstances prior to you submitting an application.
  • Centrelink recipients may apply. As long as your primary source of income isn't from Centrelink, then you may be able to qualify for this loan.

Fees and charges

  • No fees. This loan has no upfront or ongoing fees.
  • Personalised rate. Rates are available from 5.95% p.a. based on your credit score and financial circumstances.

How to apply for the Pepper Money no fee personal loan

If you're ready to apply for this loan, click "Go to site" to be taken to the lender's website and submit an application. You must meet the following eligibility criteria to apply:

  • Be an Australian citizen or permanent resident.
  • Be at least 18 years old.
  • If you receive Centrelink payments, they must make up less than 50% of your income.

You will also be required to submit the following documents to support your application:

  • Australian passport (valid or expired within the last 24 months) OR Australian Driver's Licence/Permit and Medicare Card
  • Payslips
  • Bank statements

If you require a higher loan amount, Pepper Money also offers personal loan options of up to $40,000. To compare other personal loan products, please refer to our guide.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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