Pepper Money Personal Loan

The details shown below are for a variable loan between $5,000 and $50,000

The details shown below are for a fixed loan between $5,000 and $50,000

Choose the version of this loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

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

Pepper Money Personal Loan

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

Pepper Money Personal Loan

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

Mozo Review   Pepper Money Personal Loan Review

Last updated: 9 April 2019.

What's hot:
  • Fixed and variable rate options

  • Borrow from $5,000 up to $50,000

  • $0 upfront fees

  • Mozo Experts Choice Award 2018

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 $50,000. Interest rates start at 9.99% (9.99% comparison rate*)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 (9.99% comparison rate*)

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 (9.99% comparison rate*)

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.

Any catches?

Keep in mind that variable rate loan repayments can increase when interest rates change, so if you’d prefer knowing what your loan repayments will be for the life of your loan, then it’s a good idea to consider getting the fixed rate option.

With a Pepper Money Personal Loan, if you make extra repayments just be aware that there isn’t a redraw facility option.

Details

Rates and fees information correct as at 16 June 2019. 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
  • Variable

  • 9.99% p.a.variable

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

Fees
  • $0.00

  • $0.00

  • $50.00

  • $0.00

  • $0

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 16 June 2019. 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

  • 9.99% p.a.to 27.99% p.a. fixed

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

Fees
  • $0.00

  • $0.00

  • $50.00

  • $0.00

  • $300

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

*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.

Customer Reviews

This product is not currently reviewed.

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8.95% p.a.to 11.45% p.a.

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9.34% p.a.to 20.91% p.a.based on $30,000
over 5 years

$595.00upfront and $0.00/month

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