Pepper Money Unsecured Fixed Rate Personal Loan Review | finder.com.au

Pepper Money Unsecured Personal Loan – Fixed

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Get approval for an unsecured fixed-rate loan with flexible repayment options.

If you’re looking for a competitive financing option, Pepper Money offers an unsecured personal loan through which you can apply for up to $40,000. You can receive conditional approval within minutes if you apply online and the interest rate is fixed for the whole loan term.

This loan also has the option to be secured by an asset. Secured loans are available from $15,000 to $50,000.

3 things you should know about this loan

  • Tailored interest rate. Depending on the requested loan amount and your financial circumstances, interest rates range between 6.95% p.a. and 17.95% p.a.
  • Fees. An establishment fee of 4% of the loan amount, capped at $495 applies to this loan.
  • Additional and early payments can be made penalty-free. There is also a $0 fee to repay the loan early.


From 6.95% (fixed)

Interest Rate (p.a.)

8.57%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NamePepper Money Unsecured Fixed Rate Personal Loan
Interest Rate (p.a.)
From 6.95% (fixed)
Comparison Rate (p.a.)8.57%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$40,000
Loan SecurityUnsecured

Factors to consider when deciding on the Pepper Money unsecured personal loan

This is a fixed rate loan that has the option of being unsecured or secured by an asset, depending on your preference and/or circumstances. There is an establishment fee with this loan of 4% of the loan amount, capped at $495. An administration fee of $3 per week, or $6 per fortnight also applies. Loan customers can choose to make additional repayments and repay their loan early, penalty-free.

Features of the Pepper Money unsecured personal loan

If you're interested in applying for this loan, here are some of its features:

  • Unsecured loan. Unsecured loans are available for amounts between $5,000 and $40,000.
  • Secured loan. Secured loans are available from $15,000 to $50,000. Approved securities include new and used cars, motorbikes, boats, jet skis or caravans
  • Loan term. Unsecured loans of $5,000 to $7,999 are available on terms of between 1.50 years and 3 years. Loans of $8,000 and above can be repaid over a period of of up to 7 years. All secured loans are available on terms of 1.50 years to 7 years.
  • Fixed interest. The interest rate is fixed for the term of the loan. Repayments remain unchanged until the end of the loan period. Interest is fixed at between 6.95% p.a. and 19.53% p.a.Quick application. You can apply for this loan online and be approved conditionally within a few minutes of your submission.
  • Loan purpose. This loan cannot be used for paying out mortgages or credit arrears, defaults, business purposes or tax debt.
  • Repayments. This loan is repaid weekly, fortnightly or monthly. You have the option to make additional repayments penalty-free. If you'd like to repay the loan early, you will not be charged a fee.
  • Responsible lending. Pepper Money subscribes to responsible lending, which means that you won't be approved for a loan that you can't afford to repay.

Fees and charges

  • Establishment fee. An establishment fee of 4% of the loan amount applied to this loan. This fee is capped at $495.
  • Security registration fee. A fee of $20 applied to secured loans.
  • Account administration fee. A fee of 4% per month applies to this loan. This fee can be paid as $3 per week or $6 per fortnight.

How to apply for the Pepper Money unsecured personal loan

If you're ready to apply for this loan, click "Go to Site" on this page to get the application process started. Keep in mind you need to meet the following criteria to apply:

  • You must be at least 18 years old.
  • You must be able to repay the credit.
  • You must be an Australian citizen or permanent resident.

You will be asked to submit the following to support your application:

  • Payslips
  • Bank statements
  • Positive identification including a driver's licence or passport

Pepper Money employs a few online services to assess your financial circumstances, including bank statement retrieval, identity verification and credit checks. You can also save an incomplete application and retrieve it later.

This type of loan can do a lot to solve cash flow problems, but it's important to make sure that you're in a position to repay the loan you want. There are always alternative solutions, so shop around before making any binding commitments.

Compare other personal loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
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.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
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.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a.
A credit limit up to $40,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


⭐ Finder Exclusive: Apply before April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% 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.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 19.99% 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.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable 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. Benefit from fee-free additional repayments and a redraw facility. 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.
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Compare up to 4 providers

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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20 Comments

    Default Gravatar
    Dan
    February 19, 2019

    What’s the termination/exit fees if i decide to payout early?

      Default Gravatar
      Nikki
      February 20, 2019

      Hi Dan,

      Thanks for getting in touch! We don’t have any information on exit/early termination fees from this loan but you’ll surely be able to obtain information when you contact Pepper Money. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

    Default Gravatar
    Isaiah
    February 4, 2019

    I am 18 years old and I am entering university. I’am holding an NZ passport. Unfortunately, I can’t avail for HECs of fee assist. I’m only on my 6 years here in Australia. I don’t have a credit card or credit history. I am working as casual but looking for a part time permanent part time job to further support my studies. Is it possible to apply for a personal loan to support my whole course in the uni?

      Avatarfinder Customer Care
      Jeni
      February 9, 2019

      Hi Isaiah,

      Thank you for getting in touch with finder.

      As per this page, Pepper Money’s loan application requirements are:

      -You must be at least 18 years old.
      -You must be able to repay the credit.
      -You must be an Australian citizen or permanent resident.

      If you believe that you’re able to repay the loan and pass the eligibility criteria as well as having supporting documents such as payslips from your part time job, bank statement and proof of ID, kindly click on the go to site button to be redirected to their official page to learn more on their products and even start your online application. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Neil
    November 29, 2018

    A bank is refusing to lend me some money after I got into financial situation and they are telling me to credit file check and I just checked your site and nothing’s wrong hoe can I get more info about this

      Default Gravatar
      Nikki
      November 29, 2018

      Hi Neil,

      Thanks for getting in touch!

      Lenders have different criteria when they accept and approve loans. This is however not disclosed to anyone. See our guide on how to avoid personal loan rejections. It should help you apply for a personal loan in the future. See to it that you have all the required documents needed by the lender and be sure that you meet the eligibility criteria. A good credit score is always ideal as well. Hope this helps!

      Best,
      Nikki

    Default Gravatar
    Guy
    October 15, 2018

    Can I get a personal loan with a credit rating of 650+ or is there no point trying.

      Default Gravatar
      Nikki
      October 15, 2018

      Hi Guy,

      Thanks for your inquiry and for visiting our page.

      Pepper Money is one of the lenders accepting applicants with average credit scores. You can apply for a loan as long as you meet the other eligibility criteria above. When you are ready, simply head to Pepper Money’s page to proceed with your application. Please ensure you review the relevant Product Disclosure Statements and Terms & Conditions to see if it is the right option for you.

      You can also check other personal loans for borrowers with an average credit score.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Regards

    Default Gravatar
    Wendy
    August 21, 2018

    Can I have home loan with peppers?

      Avatarfinder Customer Care
      Jeni
      August 21, 2018

      Hi Wendy,

      Thank you for getting in touch with Finder.

      Yes, Wendy. Pepper Money has a wide range of loan solutions designed for each individual’s needs. For your home loan enquiry, you may refer to our Pepper Money home loans comparison. On that page, you would see that self-employed or having bad credit can get a home loan with Pepper Money.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    APP0000077884
    August 3, 2018

    I need to get my application form online to add documentation to it.

      Default Gravatar
      Joel
      August 3, 2018

      Hi there,

      Thanks for leaving a question on finder.

      You can pick up from where you left off in your Pepper Money loan application if you click HERE. Please note that you’ll need your personal loan application code handy. You will find your application code in the email or sms they sent to you when saving your application.

      Cheers,
      Joel

    Default Gravatar
    Nola
    October 27, 2017

    I am looking for a lender that will lend small amount of money to a pensioner.

      Default Gravatar
      Jonathan
      October 27, 2017

      Hi Nola,

      Thank you for your inquiry. We understand that you need some funds as a pensioner.

      You may consider pensioner loans listed on our page. On the list, we have both banks and non-bank institutions that can help you. Take note that each lender has eligibility requirements and has varying loan terms, so it is important that you check their Loan Agreement or speak to a loan specialist for clarification.

      Alternatively, we have personal loan brokers who can comprehensively assess your circumstances and lending needs. You may consult one of them if you find that helpful.

      Let us know if you need anything else.

      Cheers,
      Jonathan

    Default Gravatar
    Tara
    September 11, 2017

    Looking for a debt consolidation loan, that accepts a bad credit rating (from payments being a couple days late – always paid though) I know credit rating affects a lot of loans. It’s easier to pay 200 or so a week compared to 550+ with all separate bills. Would this be an option?

      Avatarfinder Customer Care
      Harold
      September 11, 2017

      Hi Tara,

      Thank you for reaching out to Finder.

      Our page on debt consolidation loan has a comparison table to help you find the right lender. While we don’t provide a specific product recommendation, you can use the table to narrow down your options. Simply, enter the amount you need to pay off your existing card and your friend followed by your repayment term then press “Calculate”.

      You can click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    Em
    August 21, 2017

    I want to consolidate credit cards, small personal
    Loans and arrears in my bills. Is this a feasible reason to apply for a personal loan?

      Default Gravatar
      Maria
      August 22, 2017

      Hey Em,

      Thank you for reaching out to us.

      It’s possible to apply for a loan to consolidate debt.
      You may find useful information on our page on debt Consolidation Loans.

      I hope this helps.

      Cheers!
      Maria

    Default Gravatar
    Matthew
    July 22, 2017

    how man payslips do i need to provide?

      Default Gravatar
      Jonathan
      July 22, 2017

      Hi Matthew,

      Thank you for sending your inquiry today. :)

      Usually, lenders require two most recent payslips. But take note, that internal credit guidelines may require you to provide additional documentation as deemed by them.

      Hope this helps.

      Cheers,
      Jonathan

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