Pepper Money Home Loan Review

Pepper Money Home Loan Review

Read Here for Our Pepper Money Home Loan Review:

You can’t be in desperate need of a home loan and worried about getting approval at the same time. That is too much stress that you can do without.

With Pepper Money home loans, you have a shot at taking out a loan to buy a home. They offer flexible home loan products to help those who have a not-so-good credit history and those who have already been rejected by other lending institutions. So if you fall into this same category, there is hope for you yet.

Who is Pepper Money?

Pepper Money is a non-bank alternative lender in Australia and New Zealand. They offer a range of home loan options, personal loans, car loans, commercial loans, and loans for professional equipment. Pepper Money was listed on the Australian Securities Exchange (ticker PPM). They have been helping customers achieve their dream homes for the past 20 years.

Pepper Money operates in targeted market segments in both Australia and New Zealand. They provide products and services across three asset classes:

  1. Mortgages – This encompasses both small balance commercial and residential real estate.
  2. Asset finance – This covers asset types for commercial and consumer clients.
  3. Loan and broker servicing

Pepper Money home loan products

Pepper Money offers various home loan products to cater to people with different circumstances. Here’s what you can consider.

  1. Pepper Specialist – Advantage

This is perfect for those who find getting a home loan challenging. If you are unable to meet the criteria and requirements of banks and other lenders, this variable interest rate product might be for you.

Key features of Pepper Money Advantage home loans:

  • Cash out of up to 85% Loan to Ratio Value (LVR) for renovations, business use and other acceptable purposes
  • 100% interest offset sub-account available
  • Split loan facility
  • Redraw facility
  • Visa debit card access is available
  • Defaults listed within the last 12 months are accepted
  • Borrowers discharged from bankruptcy for at least one day are welcome to apply
  • Consolidate an unlimited number of debts
  • It does not require third party Lenders Mortgage Insurance (LMI) approval.
  • Income verification is done alternatively
  1. Pepper Near Prime – Easy

If something has impacted your credit history, which makes applying for loans difficult, this product might be what you need.

Key features of Pepper Easy home loans:

  • Available for interest-only repayments
  • 100% interest offset sub-account
  • Split loan facility
  • Redraw facility
  • Visa debit card access
  • Unlimited cash out up to 85% Loan to Ratio Value (LVR) for renovations, business use and other acceptable purposes
  • Consolidate an unlimited number of debts
  • Unlimited defaults below $1,000 (paid or unpaid) are accepted.
  • Unlimited defaults, judgments and writs over $1,000 (paid or unpaid), which are listed for more than 24 months, are accepted.
  • Non-mortgage arrears up to 3 months
  • It does not require third party Lenders Mortgage Insurance (LMI) approval.
  • Income verification are done alternatively.
  1. Pepper Prime – Essential

If you have a good credit history, you might want to consider this interest-only home loan product.

Key features of Pepper Essential home loans:

  • Interest-only repayments
  • Inheritance, bonus and other non-genuine savings are accepted up to 90% LVR
  • Cash out is available for acceptable purposes (excluding business use).
  • Consolidate up to four debts
  • Interest offset sub-account with access to a linked Visa debit card
  • It does not require third party Lenders Mortgage Insurance (LMI) approval.

Makes Cents Lets You Compare More than 25 Home Loan Lenders in Australia

Makes Cents makes finding the best home loan products and providers easy. With just a few clicks of the mouse, you’ll be able to see what more than 25 lenders have to offer. You can also check out life insurance, health insurance, solar energy providers and more. Start comparing today!

Our Pepper Money Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents. 



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