Pepper Essential Plus Pepper Essential Plus LVR >90% up to 95%
5.85%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 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- 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 prime range of home loans were developed to meet demand from customers who have overcome financial adversity or secured an acceptable employment history, and are now eligible for a prime solution. 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 prime loans with flexible features and can cater to a clients individual circumstances. No Credit Scoring Expert underwriters take a human approach to assessing your clients circumstances to increase the likelihood of finding a solution. Minor Credit Impairment considered Clients with past paid defaults (up to $500) are considered. Pepper Money recognises that the odd credit slip up can happen to the best of us. No Genuine Savings required Your clients can use an inheritance or gifted funds for a deposit on most LVRs. Refer to product guide for more details. Loan Purpose Purchase, refinance or construction of owner occupied and investment properties (including vacant land). Pepper Prime loans allow debt consolidation of up to 4 debts and cash out for acceptable personal purposes (excluding construction loans). Alternative Documentation (Alt Doc) Where standard supporting documentation is unavailable, the the Alt Doc prime loan allows applicants income to be verified by 2 of the following alternative forms of documentation: 6 months business bank statements, 6 months BAS and 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 and Rate Card
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.
5% Required if LVR > 90%
Refer to Rate Card for current interest and risk fee rates.