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Online Lender: Pepper Money

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Product Highlights

  • Loans from $5,000 to $50,000
  • Up to 84 months

Company Brief

Pepper Money is a financial services company that provides flexible financial solutions in Australia and New Zealand. Established in 2000, Pepper Money aims to help Australians achieve their financial dreams by offering various lending options and products.

The company has become one of the largest non-bank lenders in the region and has assisted over 327,000 Australians in achieving their goals. Pepper Money offers a range of services, including home loans, car loans, equipment and asset finance, and personal loans from $5,000 up to $50,000.

Type of Loans Offered by Pepper Money

Personal Loans

Pepper Money provides personal loans that can help individuals in funding a renovation, consolidating debts, or going on a holiday. Pepper Money’s flexible loan options are available in amounts ranging from $5,000 (for unsecured loans) and $15,000 (for secured loans) to $50,000.

Pepper Money offers both secured and unsecured personal loans. The interest rates for unsecured personal loans range from 6.75% to 26.95% p.a. (for unsecured loans) and 21.65% p.a. (for secured loans). The specific interest rate offered depends on the borrower’s circumstances and the information verified during the loan application assessment. Repayment terms range from 18 months to 36 months for unsecured personal loans and 84 months for secured personal loans.

There are no establishment fee, monthly fee, default fee, and early repayment fee. But borrowers are still advised to read through the contract and terms to understand other associated fees that may be included.

Home Loans

Pepper Money’s home loan options cater to various scenarios, ensuring that borrowers can find a solution that aligns with their unique circumstances. They go beyond credit scores and take into account factors such as income verification challenges, alternative income documentation, and past credit issues. This flexibility allows them to assist individuals who may have been turned away by traditional lenders.
Pepper Money provides the opportunity to finance up to 95% of the purchase price on certain loans, which means you can begin exploring the possibility of buying a house once you’ve saved at least 5% of the purchase price. However, it’s important to note that the required deposit amount may vary depending on the specific property and location you are considering for your purchase.

Car Loans

Pepper Money offers car loans that provide flexible financing options for individuals looking to purchase a vehicle.

Pepper Money also provides information on refinancing car loans. Refinancing involves changing your lender or loan agreement, which could potentially lead to lower interest rates and reduced repayments. By refinancing with a new lender, the new loan amount pays off the current loan, and regular repayments are made according to the terms of the new loan contract.

Note: The information included here on Friendly Finance is accurate and in line with the data provided on Pepper Money’s website as of November 2023.

Pepper Money Application Process

How to Apply

The Pepper Money loan application process involves several steps to help you navigate the process smoothly:

  1. Visit the official Pepper Money website at https://www.peppermoney.com.au/personal-lending/personal-loan.
  2. On the personal loans page, you can find information about the loan options available. Review the details and determine if Pepper Money offers the type of loan that suits your needs.
  3. Click on the “Apply Now” or “Get Started” button to begin the application process. This will typically redirect you to an online application form.
  4. Fill out the application form with accurate and complete information. This may include personal details, contact information, employment details, and financial information. Make sure to provide all the required documentation as well.
  5. Review the loan terms, interest rates, and repayment options provided by Pepper Money. It’s important to understand the terms and conditions before proceeding with the application.
  6. Submit your application online. After submitting, you may receive an acknowledgment or confirmation of your application.
  7. Wait for the application to be processed. Pepper Money will assess your application based on their credit assessment and loan eligibility criteria.
  8. If your application is approved, Pepper Money will provide further instructions regarding the next steps, including the loan documentation and any additional requirements.

Eligibility Requirements

The eligibility requirements for Pepper Money personal loans are as follows:

  • Applicants must be at least 18 years old.
  • Applicants must be Australian citizens, permanent residents, or have an eligible visa.
  • Applicants hold a current Passport or current Australian Drivers’ Licence (for car loans).
  • Applicants must have a regular and verifiable income.

When applying for a loan with Pepper Money, the specific documents required may vary depending on the type of loan and individual circumstances. But generally, here are the documents you will need to apply for a loan with Pepper Money:

  • Valid identification documents such as a passport or driver’s license
  • Recent payslips, tax returns, or financial statements to verify your income
  • Information about your current employment, including employer’s contact details and length of employment
  • Recent bank statements to assess your financial situation and transaction history
  • Details about your assets (e.g., property, vehicles) and liabilities (e.g., loans, credit card debts).
  • Statements from your savings accounts or investment portfolios
  • Any additional documents that may be relevant to your application, such as divorce decrees, bankruptcy filings, or gift letters.

Please note that the above information is a general guide and may not cover all possible requirements. It is always advisable to contact Pepper Money directly or consult their official website for the most up-to-date and accurate information regarding loan application documents.

Maximum Loan Amounts

When applying for a loan with Pepper Money, borrowers have the option to choose from a range of loan terms based on their loan size. The minimum loan term is 18 months. The maximum loan term depends on the loan amount.

For loans up to $7,999, the maximum loan term is 36 months, and for loans up to $50,000, the maximum loan term is 84 months.

It’s essential to consider your specific loan amount and desired repayment period when applying for a loan with Pepper Money.

How is the money transferred?

After your loan application is approved and Pepper Money has received all the required documentation, the funds will generally be transferred to your designated bank account on the following business day. However, please note that the exact timing of the fund transfer may also depend on your bank’s direct credit processing times.

Need help?

You may contact Pepper Money through their phone number (1300 108 794). You can also contact Pepper Money through their website’s contact form or submit a query regarding your payments.

If you’re looking to manage your loan or access your loan account online, you can use their customer platform called my.peppermoney. You can access it from your smartphone, computer, or tablet by visiting and clicking the ‘login’ button.

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Notable Loan Product Features

Pepper Money offers a range of loan products, each with its own set of features. Some of the notable features of Pepper Money loans include the following:

  • Flexible repayment options: Pepper Money loans offer a variety of repayment options, including weekly, fortnightly, and monthly repayments. You can also make additional repayments at any time without penalty.
  • No upfront fees: Pepper Money loans do not have any upfront fees, such as application fees or establishment fees.
  • Low-interest rates: Pepper Money loans offer competitive interest rates, starting from 2.99% p.a.
  • Easy application process: The application process for a Pepper Money loan is quick and easy. You can apply online or through a broker.
  • Fast approval: Pepper Money loans are typically approved within 24 hours.
  • Personalised service: Pepper Money offers personalised service to each customer. A dedicated loan manager will work with you to find the right loan for your needs.

The Company: Pepper Money

pepper search icon


  • Quick and easy application process
  • Competitive interest rates
  • Flexible repayment options
  • No upfront fees


  • High-interest rates for borrowers with poor credit
  • Hidden fees

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