Pepper Easy Plus Pepper Easy Plus LVR >75% up to 80%

5.99%

p.a Standard Variable
6.05%

p.a Comparison**
$0

Upfront fees
$180

Annual fees
80%

Max LVR
$2,268

Per Month*

Loan Amount

$

Loan term

About Pepper Home Loans

Pepper Group is a diversified, independent global financial services business with specialist experience in core disciplines of lending, advisory and asset management across the residential and commercial property sectors, consumer, auto and equipment finance. As a leading non-bank lender, Pepper Group specialise in flexible loan solutions and individual credit assessment. Their lending capabilities include home loans, car loans, personal loans, SME loans, and commercial loans, chattel mortgages, equipment leases, mezzanine debt and fit-out finance.

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Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*: $2,268
rate per annum: 5.99%

Loan to Value Ratio

Borrow up to the maxium of 80% 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.

Lvr: 80%
Capitalise LMI: Yes

Availability

For Investment, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

Term: 10 - 40 years
Min: $50,000
Max: $1,500,000

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials: Full Doc
Credit History: Non Conforming
Genuine Saving: Not Required

Offset Account

Save on interest repayments by holding spare cash in an offset account.

Offset account: Yes
Offset: 100%

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility: Yes
Min Redraw: $1000.0
Redraw fee: $0

Banking Features

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: Yes
Redraw Available: Yes
Internet Banking: Yes
Telephone Banking: Yes
Credit Card: No
BPay Option: Yes
Portability of Loan: Yes
Professional Pack: No
Check Account: No
Direct Salary Credit: No
Free Transactions: No
Minimum Redraw: Yes
Redraw Fee: No

Repayments

You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option: Yes
Max Interest Only: 5 years

Upfront Fees

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.

Total: $0

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total: $180
Ongoing Monthly: $15

Exit Fees

Fees associated with prematurely ending the loan.

Total: $250
Exit: $250
Early Repayment: $0
Switch To Fixed: $0

Notes

Pepper Moneys Near Prime home loans cater to customers who are on the cusp of prime. The loan not only offers a host of flexible features, but its also available as a Full Doc loan or an Alt Doc loan. Available as a Full Doc or Alt Doc home loan. No third party approval required from Lenders Mortgage Insurance providers Unlike other lenders, Pepper Money does not require approval from a third party mortgage insurer. Pepper Money offer Near Prime 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 over 24 months Clients with an unlimited number paid or unpaid defaults, judgements or writs of any value are considered provided the credit impairment is registered over 24 months. Pepper Money will also consider a client discharged from bankruptcy. No Genuine Savings required Your clients can use an inheritance or gifted funds for a deposit. Loan Purpose Purchase, refinance or construction of owner occupied and investment properties (including vacant land on Full Doc Loans). Pepper Near Prime loans allow unlimited number of debt consolidation and cash out for acceptable purposes including renovations and business use (excluding construction loans). Alternative Documentation (Alt Doc) Under the Alt Doc Near Prime loan, an applicants income can be verified by either 6 months business bank statements, 6 months BAS or a Pepper Accountants Letter. 24 month ABN & 12 month GST registration 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 & Rate Card

LVR Notes

Fees can be capitalised up to 95% LVR (inclusive of fees) for purchases only. Fees can be capitalised up to 90% LVR (inclusive of fees) for all other loans.

Fee Notes

Upfront fee waived - Est $995, Title Protection $400 and Legal fees from $440. Excludes construction. Refer to Rate Card for current interest and risk fee rates.