Pepper Advantage Pepper Advantage LVR >90% up to 95%
8.19%p.a Standard Variable
About Pepper Home Loans
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 95% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Investment and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 10 - 40 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Non Conforming
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Internet Banking
- Telephone Banking
- Credit Card
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Pepper Moneys Specialist home loans are designed for customers who, due to restrictive credit or employment history criteria, are unable to meet the lending criteria of banks and mortgage insurers. This home loan range considers self-employed borrowers who have been in business for less than two years, borrowers that have defaulted in the past, those with judgements or writs and borrowers who have been discharged from bankruptcy - even after just one day. Available as a Full Doc or Alt Doc home loan. No third party approval required from Lender's Mortgage Insurance providers Unlike other lenders, Pepper Money does not require approval from a third party mortgage insurer. Pepper Money offer specialist loans with flexible features and can cater to a clients individual circumstances. No credit scoring Expert underwriters manually assess your clients circumstances to increase the likelihood of finding a solution. Unlimited Credit Impairment under 24 months considered Clients with an unlimited number of paid or unpaid defaults, judgements or writs of any value are considered provided the credit impairment is due to a specific life event (e.g. divorce, job loss etc). Pepper Money will also consider a client discharged from bankruptcy. Mortgage Arrears considered Clients with up to 2 months recent mortgage arrears may be considered under the Specialist range. No Genuine Savings required. Your clients can use an inheritance or gifted funds for a deposit. Loan Purpose Purchase or refinance of owner occupied and investment properties. Your client can also consolidate an unlimited number of debts. Cash out is available for acceptable purposes including business purposes and pay out of ATO debt. Alternative Documentation (Alt Doc) Under the Alt Doc Specialist loan, an applicants income can be verified by either 6 months business bank statements, 6 months BAS or a Pepper Accountants Letter* to verify income. 6 month registered ABN & 6 month GST is required. 100% interest offset sub-account With our 100% interest offset sub-account and Visa debit card; your clients can reduce the interest payable on their home loan whilst having access to transaction facilities. Redraw Access funds that are available for redraw on the internet, on the phone or via ATMs. For detailed product descriptions, rates and fees please refer to the Pepper Money Home Loan Product Guide and Rate Card
Fees can be capitalised up to 85% LVR (inclusive of fees)
5% Required if LVR > 90%
Refer to Rate Card for current interest and risk fee rates.