Pepper Money personal loans

Pepper Money

Pepper Money is a non-bank lender, and has a range of personal loans available for every borrowing need from a new car, trip overseas, or wedding. With variable and fixed interest rate options to choose from there is bound to be the right loan option for you. Below you’ll find the details of Pepper’s range of personal loans, you can also head over to our personal loan hub if you want to compare its rates with other banks and lenders in our database.

Pepper Money offers the following personal loans

Rates and fees verified as correct at 20 January, 2019. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

9.99% p.a.to 27.99% p.a.

9.99% p.a.to 27.99% p.a.based on $30,000
over 5 years

$0

9.99% p.a.to 27.99% p.a.

9.99% p.a.to 27.99% p.a.based on $30,000
over 5 years

$0

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What personal loans do Pepper Money offer? 

Pepper Money is a non-bank lender, and has a range of personal loans available for every borrowing need from a new car, trip overseas, or wedding. With variable and fixed interest rate options to choose from there is bound to be the right loan option for you. Below you’ll find the details of Pepper’s range of personal loans, you can also head over to our personal loan hub if you want to compare its rates with other banks and lenders in our database.  

Unsecured Fixed Rate Personal Loans

Pepper Money's fixed rate option is available with its unsecured personal loan allowing you to borrow between $5000 and $50,000 over a term of 1-7 years. The fixed rate loan comes with the flexibility of repaying your loan amount either weekly, fortnightly or monthly. However, no redraw facility or extra repayments are available with this loan and while you'll benefit from always knowing what your next repayment amount is going to be for the life of the loan, it's important to note that making an early repayment may incur an early repayment penalty fee. Other fees also include a small late payment fee but no upfront, application, service or exit fees; therefore letting you to save on these added costs.

Unsecured Variable Rate Personal Loans

With Pepper Money's unsecured variable rate option, you can choose to make repayments weekly, fortnightly or monthly and still borrow between $5,000 to $50,000. Loan terms are between 1 to 7 years. And, while there is no redraw facility or extra repayments option, you can save on upfront, application, service or exit fees and you won’t incur a penalty for early repayments. But make sure to automate your repayments as there is a small late payment fee.

Pepper Money personal loan features at a glance

Repayment flexibility: All of Pepper Money's personal loans give you the option of choosing how to repay your loan. This can be on a weekly, fortnightly or monthly basis. This is a good feature as some personal loans only have a monthly option for loan repayments. 

Save on fees: Pepper Money loans don’t have monthly service fees nor are there application or exit fees which means your repayments go into paying down your loan, not bank fees. There is also no early repayment penalty fee on the variable loan option.

How are Pepper Money's personal loan products rated?

If you're still not sure if Pepper Money's personal loan is right for you, check out what people just like you have to say about Pepper's personal loans here.

How do you apply for a Pepper Money personal loan?

If you've done your research and decided that Pepper Money is the right loan for you, you can complete your application online by providing the following details to the bank: 

1) Personal information 

2) Income and expenses 

3) Verification and ID

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