Rates and fees verified as correct at 22 May 2022. Other information correct at the time of writing. Advertiser disclosure.
| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Personal Loan (Fixed, Unsecured) |
5.95% p.a.to 19.95% p.a. |
6.88% p.a.to 20.73% p.a.based on $30,000 |
$0 |
| Personal Loan (Fixed, Unsecured, up to $15,000) |
5.95% p.a.to 19.95% p.a. |
n/a |
$0 |
| Secured Loan (Fixed) |
4.95% p.a.to 17.45% p.a. |
4.95% p.a.to 17.45% p.a.based on $30,000 |
$0 |
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.
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
Mozo users have rated Pepper Money personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
5 Reviews
All ways been a very pleasant experience dealing with Pepper money.
Read full reviewAll ways been a very pleasant experience dealing with Pepper money.
Look, I knew what I was getting into regarding rates and repayments. However, what I didn’t realise is how bad it was on the following: - no transparency at all. Online banking auto selected but they never actually set me up. I have rung a few times and none of the staff actually address this. - no actual care for your situation. This shocked me. Their focus is on sell the product, let it run, send it to collections as quickly as possible. There is no middle ground. - lied at application point. They are a rate switcher. They discussed on the telephone with me my request. 4 year loan, rate of 9.55%. Application approved, four years later find out it is a 5 year loan at 18.95% That ok, my fault. Should have checked right? Except when you apply they sign you up and give you online aces to an application portal, you set up your profile, your password, complete your app… real smooth and easy. Then you are approved, you log in and accept and at that point, you have no access to online banking because the sign in you had was for your app only. They don really explain or clarify this. So I kept ringing with the wrong access number. Be very wary.
Read full reviewLook, I knew what I was getting into regarding rates and repayments. However, what I didn’t realise is how bad it was on the following: - no transparency at all. Online banking auto selected but they never actually set me up. I have rung a few times and none of the staff actually address this. - no actual care for your situation. This shocked me. Their focus is on sell the product, let it run, send it to collections as quickly as possible. There is no middle ground. - lied at application point. They are a rate switcher. They discussed on the telephone with me my request. 4 year loan, rate of 9.55%. Application approved, four years later find out it is a 5 year loan at 18.95% That ok, my fault. Should have checked right? Except when you apply they sign you up and give you online aces to an application portal, you set up your profile, your password, complete your app… real smooth and easy. Then you are approved, you log in and accept and at that point, you have no access to online banking because the sign in you had was for your app only. They don really explain or clarify this. So I kept ringing with the wrong access number. Be very wary.
Pepper was easy to deal with. They made my application hassle free, quick and their customer service was excellent.
Read full reviewPepper was easy to deal with. They made my application hassle free, quick and their customer service was excellent.
I have my home loan with Pepper, and they were fantastic when I was in a crisis some years ago. I have a personal loan with them, which is always paid on time. I have an excellent credit score. I applied for a small loan for a car yesterday and it was rejected. No phone call, no personal contact. I phoned the office who told me. I will receive an email within 3 business days. I was not able to speak to anyone. I asked to speak to a manager but they wouldn't put me through. Customer service was terrible.
Read full reviewI have my home loan with Pepper, and they were fantastic when I was in a crisis some years ago. I have a personal loan with them, which is always paid on time. I have an excellent credit score. I applied for a small loan for a car yesterday and it was rejected. No phone call, no personal contact. I phoned the office who told me. I will receive an email within 3 business days. I was not able to speak to anyone. I asked to speak to a manager but they wouldn't put me through. Customer service was terrible.
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