The details shown below are for a fixed loan between $15,001 and $40,000

The details shown below are for a fixed loan between $5,000 and $15,000

Choose the version of this loan that suits you best

  • Loan: $15,001 $40,000

  • Loan: $5,000 $15,000

Interest rate from
6.95% p.a.to 17.95% p.a.
Comparison rate from
8.57% p.a.to 19.53% p.a.based on $30,000
over 5 years
Upfront fee
$495
Interest rate from
6.95% p.a.to 17.95% p.a.
Comparison rate from
n/a
Upfront fee
$0

Mozo editorial review Pepper Money Personal Loan

Last updated: 9 July 2020.

binocular icon
What's hot
  • Security of a fixed interest rate
  • Borrow from $5,000 up to $40,000
What's not
  • No redraw facility
Mozo snapshot

If you’re looking for a competitive financial option to pay for that trip to Europe or your dream wedding just around the corner, Pepper Money offers an unsecured personal loan allowing consumers to borrow up to $40,000. Interest rates start at 7.45% (9.07% comparison rate*) but depending on your credit history, rates can go as high as 16.95%. 

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Key features

Pepper Money’s Personal Loan gives you the chance to lock in your repayments with the security of a fixed interest rate. Customers will have access to the $5,000 minimum loan amount and $40,000 maximum amount as well as the option to choose your repayment term from 1 - 3 years.

There are a few fees to watch out for including: an establishment fee of 4% of loan amount (capped at $495), a $13 service fee and a $50 late payment fee.

snapshot
Who is it good for

This is the perfect loan for anyone needing the money to pay for something now such as an upcoming holiday or new kitchen, and then pay it back overtime.

As Pepper Money is an online lender you can apply from the comfort of your own home and from any device and Pepper’s quick application process only takes 10 minutes to complete.

snapshot
Any catches
Keep an eye on the fees with this one and be aware that the three year fixed term is only available on loans of $8,000 or over.

Details

Rates and fees information correct as at 29 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.95% p.a.to 17.95% p.a. fixed

  • 8.57% p.a.to 19.53% p.a.based on $30,000
    over 5 years

Fees
  • $495.00

  • $13.00

  • $50.00

  • $0.00

  • 0

Other financial bits
  • $15,001.00

  • $40,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly

  • yes

  • no

  • Establishment fee is 4% of loan amount, capped at $495. 7 year term only available for loans over $8,000.

  • none

WARNING: 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. 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.

Details

Rates and fees information correct as at 29 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.95% p.a.to 17.95% p.a. fixed

  • n/a

Fees
  • $0.00

  • $0.00

  • $50.00

  • $0.00

  • 0

Other financial bits
  • $5,000.00

  • $15,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly

  • yes

  • no

  • 7 year term only available for loans over $8,000.

  • none

WARNING: 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. 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.

Customer Reviews

How are Pepper Money personal loans rated by the Mozo community?

Overall
1.0/10
Price
1.0/10
Features
1.0/10
Customer service
1.0/10
Convenience
1.0/10
Trust
1.0/10

Latest review of Pepper Money Personal Loan

  • Overall 1/10
    Terrible.

    Absolutely no customer consideration. My income has been severely impacted as a result of the bushfires in January then Covid-19 for the rest of the year. This doesn’t seem to register with Pepper. They seem to think money can be plucked out of thin air. Disgusted with their lack of compassion for people’s circumstances. Would never deal with or recommend this company - they are the worst.

    Read full review

    Absolutely no customer consideration. My income has been severely impacted as a result of the bushfires in January then Covid-19 for the rest of the year. This doesn’t seem to register with Pepper. They seem to think money can be plucked out of thin air. Disgusted with their lack of compassion for people’s circumstances. Would never deal with or recommend this company - they are the worst.

    Price
    1/10
    Features
    1/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    1/10
    Less
    Hannah, Victoria reviewed 3 months ago
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5.50% p.a.

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6.81% p.a.

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Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Alex

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Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

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Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

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6.75% p.a.to 8.48% p.a.

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6.45% p.a.to 26.99% p.a.

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over 5 years

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9.39% p.a.

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over 5 years

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5.75% p.a.to 21.99% p.a.

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Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

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over 5 years

OurMoneyMarket

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6.75% p.a.to 8.48% p.a.

6.96% p.a.

$0.00

Liberty

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6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

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5.75% p.a.to 21.99% p.a.

6.47% p.a.

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6.45% p.a.to 26.99% p.a.

6.45% p.a.

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Secured Personal Loan

6.81% p.a.

7.80% p.a.

$10.00

Plenti

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4.89% p.a.to 8.89% p.a.

5.44% p.a.

$0.00

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Car Loan

5.50% p.a.

5.85% p.a.

$0.00

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Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00