In this guide

  • Review
  • Details
    • Product details
  • How does the Pepper Money Unsecured Personal Loan (variable) work?
  • How to apply
  • Features of this loan
  • Compare other personal loans
  • Your reviews
  • Ask a question
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Pepper Money Unsecured Personal Loan – Variable

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Pepper Money Unsecured Variable Personal Loan

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Interest Rate (p.a.)
9.99%
Comp. Rate (p.a.)
9.99%
Min Loan Amount
$5,000

Summary

Borrow up to $50,000 at a competitive variable interest rate that's tailored to you.

  • Pepper's Money's variable rate loan is no longer available. The information on this page has been kept for the benefit of those who are interested and historical records only. Please refer to Pepper Money's fixed rate loan product for an alternative option.

The Pepper Money Unsecured Personal Loan is available for up to $50,000 over a maximum term of 7 years. An online loan application can be conditionally approved within minutes.

The interest rate is variable and is determined by your risk profile. This means you will find out your interest rate when you apply.

Pros

  • Competitive, tailored rate
  • Repay the loan early without penalty
  • Use funds for any purpose

Cons

  • Won't know rate until you apply

In this guide

  • Review
  • Details
    • Product details
  • How does the Pepper Money Unsecured Personal Loan (variable) work?
  • How to apply
  • Features of this loan
  • Compare other personal loans
  • Your reviews
  • Ask a question

Details

Product details

Product Name Pepper Money Unsecured Variable Personal Loan
Interest Rate (p.a.) 9.99%
Comp. Rate (p.a.) 9.99%
Interest Rate Type Variable
Min Loan Amount $5,000
Max. Loan Amount $50,000
Loan Security Unsecured

How does the Pepper Money Unsecured Personal Loan (variable) work?

This is an unsecured loan, which means that you don't have to declare valuable assets to secure the loan amount. You can borrow amounts starting at $5,000 and repay the loan over a minimum of 1.50 years. This loan comes with a variable rate which is tailored based on your credit profile and determined risk.

This loan is also available with a fixed interest rate where your repayments will remain the same during the loan term. However, you will be charged penalty fees for additional and early repayments with the fixed rate loan.

How to apply

If you'd like to apply for this loan, click "Go to Site" on this page to get started on your application. You'll need to meet the following eligibility criteria:

  • You must be at least 18 years old.
  • You must be in a position to repay the loan.
  • You must be an Australian citizen or permanent resident.

You will be asked to submit the following documentation:

  • Payslips
  • Bank statements
  • Identification, including a driver's licence or passport

Pepper Money will assess your finances using bank statement retrieval, identity verification and credit checks. You have the option to save your application and complete it at a later date if need be.

Features of this loan

Here are some of the key features of this loan:

  • Use funds for any purpose. This loan can be used for any purpose, including consolidating debt, travel or renovations.
  • Tailored interest rate. Interest rates for this loan start from 9.99% p.a. and are personalised based on your credit risk.
  • Loan amount. You can apply for a loan of between $5,000 and $50,000. Approval is subject to Pepper Money's assessment of your financial circumstances.
  • Loan term. You can repay this loan over a period of 18 months to 7 years.
  • Minimal fees. No establishment or monthly fees apply.
  • Flexible repayments. Additional and early settlements can be made without penalty. You can also choose between making weekly, fortnightly or monthly repayments via BPAY, direct debit or direct credit.

This variable rate loan can be used for a variety of purposes, from planning a holiday to settling debt. Before agreeing to any loan terms, it's a good idea to compare similar options to make sure you're getting the best deal for your budget.

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
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Interest Rate (p.a.)
6.75%
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Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$922.89
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OurMoneyMarket Unsecured Low-Rate Personal Loan
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Finder award winnerFixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$934.23
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Harmoney Unsecured Personal Loan
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Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$926.83
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NAB Personal Loan Unsecured Fixed
NAB logo
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$964.78
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NAB Personal Loan Unsecured Variable Rate
NAB logo
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$964.78
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ING Personal Loan
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Finder award winnerFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
$150
Monthly Fee
$0
Monthly Repayment
$929.43
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