10 November 2020
To further improve your experience we are excited to announce that we have partnered with both Verimoto and Olasio to provide you with market leading online asset inspection solutions, which will be paid for by Pepper.
Both of these partners provide services that will make it quicker and easier for you and your customer to complete asset inspections.
- Inspections are completed using either the app (Verimoto) or a web link (Olasio).
- Vendors can complete the inspection at their own convenience without needing an appointment with an asset valuer
- This simpler process will provide quicker conversion of applications to settlement
Please note from 1st November 2020, the Redbook Inspect link (https://www.redbookinspect.com.au/pepper) will no longer be active.
Whilst we will continue to accept Redbook Inspect reports for completing the asset inspection requirements for settlements, Pepper will no longer pay for these inspections.
New Near Prime promotions
Until 31 October 2020, enjoy market leading rates1 and discounted fees4 for Near Prime loans including:
- Full Doc rates at 3.79% p.a.2 (4.10% p.a. comparison rate3) up to 80% LVR.
- Alt Doc rates at 3.89% p.a.2 (4.20% p.a. comparison rate3) up to 80% LVR.
- Alt Doc MRF discounts for loans up to 70% LVR
- Full Doc MRF discounts for loans up to 85% LVR
- $0 Title Protection Fee (typically $400)
To see the full range of discounted rates and fees, including Prime and Specialist promotional rates, head to the broker portal and download the Pepper Money rate card.
We’ve made some adjustments to your rate card, including:
- Adding a notation to clarify the max exposure per security
- Updated several values within the loan size limit table:
- Near Prime loans >85-90% LVR changed to $850K (SYD/MELB Metro) and $800k (All other locations)
- Specialist loans >70-75% LVR changed to $750k