Pepper Money Personal Loan

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 $50,000. Interest rates start at 9.99% but depending on your credit history, rates can go as high as 27.99%. This is a great loan for people that need to borrow money now, but don’t have the assets required to secure their loan amount, and best of all it's a 2018 Mozo Experts Choice Award winner in the Excellent Credit Personal Loan category. 

Key features:

Pepper Money’s Personal Loan gives you the choice of a variable or fixed interest rate loan repayment. Both loans have a $5,000 minimum loan amount and $50,000 maximum amount, giving you the option to choose your repayment term from 1 - 7 years.

The variable rate option:

Interest rate from 9.99% variable

No application, service or exit fees

No early repayment penalty fee

Flexible repayment options as weekly, fortnightly or monthly

$50 late payment fee

The fixed rate option:

Interest rate from 9.99% fixed

Flexible repayment options as weekly, fortnightly or monthly

No application, service or exit fees

$50 late payment fee

$300 early repayment penalty

$150 break fee if early repayments exceed amount equal to 3 months or more.

Who it's 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 20 minutes to complete.