The details shown below are for a fixed loan between $15,001 and $50,000

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 $50,000

  • Loan: $5,000 $15,000

Interest rate from
5.95% p.a.to 17.95% p.a.
Comparison rate from
7.58% p.a.to 19.53% p.a.based on $30,000
over 5 years
Upfront fee
$495
Interest rate from
5.95% p.a.to 17.95% p.a.
Comparison rate from
n/a
Upfront fee
$0

Mozo editorial review Pepper Money Personal Loan

Last updated: 3 March 2021.

binocular icon
What's hot
  • Security of a fixed interest rate
  • Borrow from $5,000 up to $50,000
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 which allows consumers to borrow between $5,000 and $50,000. Interest rates start at 5.95% (5.95% comparison rate*) but depending on your credit history, rates can go as high as 17.95% (17.95% comparison rate*).

key icon
Key features

Pepper Money’s Personal Loan gives borrowers the chance to lock in their repayments with the security of a fixed interest rate based on their credit history. Rates start from 5.95% (5.95% comparison rate*) but can go up to 17.95% (17.95% comparison rate*).

How much will you be able to borrow? Well, loans start from $5,000 and go as high as $50,000, so you'll be able to use the loan to cover any number of financial needs from taking on a home renovation to travelling overseas. 

Borrowers can also choose from a range of loan terms depending on their loan size with a minimum term is 18 months and a maximum loan term of: 36 months (loans up to $7,999) or 84 months (loans up to $50,000).

snapshot
Who is it good for

This could be an option to consider 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.

question icon
Any catches
Just remember that the rate you receive will be based on your credit history, so you won't necessarily be eligible for the lowest rate on offer. 

Details

Rates and fees information correct as at 23 June 2021. 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

  • 5.95% p.a.to 17.95% p.a. fixed

  • 7.58% 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

  • $50,000.00

  • 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 23 June 2021. 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

  • 5.95% 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