Pepper Flexi Advantage Pepper Flexi Advantage (LVR >80% up to 85% )
7.05%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 85% 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 ["Equity", "Investment", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "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
- Not Required
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
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments 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
The Pepper Advantage Full Doc is a Full Documentation loan available to a broad range of applicants which considers each borrowers unique circumstances, rather than simply being based on a credit score. Key Features: -No Lenders Mortgage Insurance (LMI) required. -Unlimited number of defaults, judgements or writs registered over 12 months prior to application accepted (paid or unpaid). -No limit on the number of debts that can be consolidated. -Available for refinance, including Non-Conforming, Private and Solicitor Loans -<1 months mortgage arrears at application within the last 6 months is considered. Loan Purpose: Purchases or refinance of owner occupied and investment properties, working capital for business purposes and debt consolidation. Credit History: Any number of defaults or judgments registered 12 month prior to application, paid or unpaid, and <1 months mortgage arrears at application within the last 6 months. Minor defaults up to $1,000 ignored. Income Documentation (PAYG): Last 2 pay slips plus either a letter of employment, latest group certificate, notice of assessment or 3 months bank statements. Income Documentation (Self-employed): Last 2 years tax returns plus last 2 years tax assessment notices Acceptable Securities: Residential securities in major cities and towns up to a maximum land size of 25 acres (10 hectares). Minimum Manual Redraw is $1000. Minimum online redraw is $83 Evidence of rental payments: - Evidence of rental payments for borrowers who are renting at application are NO longer required on Prime and Non Prime - We will no longer accept scenarios where we have a family member using their owner occupied home to raise money for another family member. We will only consider these cases where the security is an investment. Units: - Maximum 75% LVR for units under 12 months old High Density rules apply Statutory Declarations: NOT required from borrowers to confirm reason for cash out or to confirm details of gift from a parent. A letter from the borrowers is sufficient
Cash Out Policy: 0-85% LVR NO LIMITS
Mortgage Risk Fee Promotion until Friday 16th November 2016. 0.25% reduction to all mortgage risk fees on non-conforming products). Please refer to rate sheet for the applicable MRF. Loadings apply to loans >$1m