Finty
Pepper Money

Pepper Money Non-Conforming Home Loan - Specialist Plus Full Doc

Variable or Fixed rateOffsetRedraw

We understand that everyone’s real-life situation is different. We look at more than just your credit score, which is why we may be able to help when others can’t. Our home loan gives you the flexibility to manage your money how and when you want. You’ll get access to our online loan portal, the freedom to make additional repayments along with the option for eligible variable interest rate loans to add 100% interest offset sub-account(s) and VISA debit card+ access (monthly fees apply).

Written byDavid Boyd
Interest rate a year, from
9.99%
Comparison rate
10.29%
Upfront fees
$1,725
Annual fee
Not published
Monthly fee
$15

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 9.99% (variable, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$5,276
Total repayments
$1,899,359
Interest and monthly fees
$1,299,359

Rates

Every rate Pepper Money publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 55%9.99%10.29%
VariableLive inPrincipal and interest55% to 65%9.99%10.29%
VariableLive inPrincipal and interest65% to 70%10.09%10.39%
VariableLive inPrincipal and interest70% to 75%10.09%10.39%
VariableLive inPrincipal and interest75% to 80%10.39%10.69%
VariableLive inInterest onlyUp to 55%10.29%10.42%
VariableLive inInterest only55% to 65%10.29%10.42%
VariableLive inInterest only65% to 70%10.39%10.52%
VariableLive inInterest only70% to 75%10.39%10.52%
VariableLive inInterest only75% to 80%10.69%10.83%
VariableInvestmentPrincipal and interestUp to 55%10.34%10.64%
VariableInvestmentPrincipal and interest55% to 65%10.34%10.64%
VariableInvestmentPrincipal and interest65% to 70%10.44%10.74%
VariableInvestmentPrincipal and interest70% to 75%10.44%10.74%
VariableInvestmentPrincipal and interest75% to 80%10.74%11.04%
VariableInvestmentInterest onlyUp to 55%10.64%10.77%
VariableInvestmentInterest only55% to 65%10.64%10.77%
VariableInvestmentInterest only65% to 70%10.74%10.88%
VariableInvestmentInterest only70% to 75%10.74%10.88%
VariableInvestmentInterest only75% to 80%11.04%11.18%
2 year fixedLive inPrincipal and interestUp to 55%10.49%10.40%
2 year fixedLive inPrincipal and interest55% to 65%10.49%10.40%
2 year fixedLive inPrincipal and interest65% to 70%10.59%10.51%
2 year fixedLive inPrincipal and interest70% to 75%10.59%10.51%
2 year fixedLive inPrincipal and interest75% to 80%10.89%10.81%
2 year fixedLive inInterest onlyUp to 55%10.79%10.47%
2 year fixedLive inInterest only55% to 65%10.79%10.47%
2 year fixedLive inInterest only65% to 70%10.89%10.57%
2 year fixedLive inInterest only70% to 75%10.89%10.57%
2 year fixedLive inInterest only75% to 80%11.19%10.87%
2 year fixedInvestmentPrincipal and interestUp to 55%10.84%10.76%
2 year fixedInvestmentPrincipal and interest55% to 65%10.84%10.76%
2 year fixedInvestmentPrincipal and interest65% to 70%10.94%10.86%
2 year fixedInvestmentPrincipal and interest70% to 75%10.94%10.86%
2 year fixedInvestmentPrincipal and interest75% to 80%11.24%11.16%
2 year fixedInvestmentInterest onlyUp to 55%11.14%10.82%
2 year fixedInvestmentInterest only55% to 65%11.14%10.82%
2 year fixedInvestmentInterest only65% to 70%11.24%10.93%
2 year fixedInvestmentInterest only70% to 75%11.24%10.93%
2 year fixedInvestmentInterest only75% to 80%11.54%11.23%
3 year fixedLive inPrincipal and interestUp to 55%10.59%10.49%
3 year fixedLive inPrincipal and interest55% to 65%10.59%10.49%
3 year fixedLive inPrincipal and interest65% to 70%10.69%10.59%
3 year fixedLive inPrincipal and interest70% to 75%10.69%10.59%
3 year fixedLive inPrincipal and interest75% to 80%10.99%10.89%
3 year fixedLive inInterest onlyUp to 55%10.89%10.58%
3 year fixedLive inInterest only55% to 65%10.89%10.58%
3 year fixedLive inInterest only65% to 70%10.99%10.69%
3 year fixedLive inInterest only70% to 75%10.99%10.69%
3 year fixedLive inInterest only75% to 80%11.29%10.98%
3 year fixedInvestmentPrincipal and interestUp to 55%10.94%10.84%
3 year fixedInvestmentPrincipal and interest55% to 65%10.94%10.84%
3 year fixedInvestmentPrincipal and interest65% to 70%11.04%10.95%
3 year fixedInvestmentPrincipal and interest70% to 75%11.04%10.95%
3 year fixedInvestmentPrincipal and interest75% to 80%11.34%11.25%
3 year fixedInvestmentInterest onlyUp to 55%11.24%10.94%
3 year fixedInvestmentInterest only55% to 65%11.24%10.94%
3 year fixedInvestmentInterest only65% to 70%11.34%11.04%
3 year fixedInvestmentInterest only70% to 75%11.34%11.04%
3 year fixedInvestmentInterest only75% to 80%11.64%11.35%
5 year fixedLive inPrincipal and interestUp to 55%10.79%10.69%
5 year fixedLive inPrincipal and interest55% to 65%10.79%10.69%
5 year fixedLive inPrincipal and interest65% to 70%10.89%10.79%
5 year fixedLive inPrincipal and interest70% to 75%10.89%10.79%
5 year fixedLive inPrincipal and interest75% to 80%11.19%11.10%
5 year fixedLive inInterest onlyUp to 55%11.09%10.83%
5 year fixedLive inInterest only55% to 65%11.09%10.83%
5 year fixedLive inInterest only65% to 70%11.19%10.93%
5 year fixedLive inInterest only70% to 75%11.19%10.93%
5 year fixedLive inInterest only75% to 80%11.49%11.24%
5 year fixedInvestmentPrincipal and interestUp to 55%11.14%11.04%
5 year fixedInvestmentPrincipal and interest55% to 65%11.14%11.04%
5 year fixedInvestmentPrincipal and interest65% to 70%11.24%11.15%
5 year fixedInvestmentPrincipal and interest70% to 75%11.24%11.15%
5 year fixedInvestmentPrincipal and interest75% to 80%11.54%11.46%
5 year fixedInvestmentInterest onlyUp to 55%11.44%11.19%
5 year fixedInvestmentInterest only55% to 65%11.44%11.19%
5 year fixedInvestmentInterest only65% to 70%11.54%11.29%
5 year fixedInvestmentInterest only70% to 75%11.54%11.29%
5 year fixedInvestmentInterest only75% to 80%11.84%11.60%
7 year fixedLive inPrincipal and interestUp to 55%10.99%10.93%
7 year fixedLive inPrincipal and interest55% to 65%10.99%10.93%
7 year fixedLive inPrincipal and interest65% to 70%11.09%11.03%
7 year fixedLive inPrincipal and interest70% to 75%11.09%11.03%
7 year fixedLive inPrincipal and interest75% to 80%11.39%11.34%
7 year fixedInvestmentPrincipal and interestUp to 55%11.34%11.29%
7 year fixedInvestmentPrincipal and interest55% to 65%11.34%11.29%
7 year fixedInvestmentPrincipal and interest65% to 70%11.44%11.39%
7 year fixedInvestmentPrincipal and interest70% to 75%11.44%11.39%
7 year fixedInvestmentPrincipal and interest75% to 80%11.74%11.70%
10 year fixedLive inPrincipal and interestUp to 55%11.39%11.40%
10 year fixedLive inPrincipal and interest55% to 65%11.39%11.40%
10 year fixedLive inPrincipal and interest65% to 70%11.49%11.51%
10 year fixedLive inPrincipal and interest70% to 75%11.49%11.51%
10 year fixedLive inPrincipal and interest75% to 80%11.79%11.81%
10 year fixedInvestmentPrincipal and interestUp to 55%11.74%11.76%
10 year fixedInvestmentPrincipal and interest55% to 65%11.74%11.76%
10 year fixedInvestmentPrincipal and interest65% to 70%11.84%11.86%
10 year fixedInvestmentPrincipal and interest70% to 75%11.84%11.86%
10 year fixedInvestmentPrincipal and interest75% to 80%12.14%12.16%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
$1,725
Annual fee
Not published
Monthly fee
$15

Features

Offset account
Yes
Redraw
Yes
Highest LVR
80%
Loan amount
From $50,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

10.39%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

10.69%

For the same rate. Typical is 6.70%.

Upfront fees

$1,725

Typical upfront fees are $600.

Smallest deposit

20%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • Fixed rates on offer. You can fix for 2 to 10 years if you'd like repayments that don't change for a while.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

Cons

  • A higher variable rate. 10.39%, above the typical 6.62%. On a $600,000 loan, every 0.10% more costs about $600 a year.
  • Higher upfront fees. $1,725, above the typical $600, which adds to the cash you need at settlement.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.