Three home loan products, and only one application – Let us do the work
We use our cascading credit model to assess applications. So we’ll always assess your client’s application under the Prime option first, and then, will automatically reassess across our Near Prime and Specialist home loan options.
We offer floating as well as 2 and 3 year fixed interest rates and alternative documentation (alt doc) home loans across our range of options.
Prime
Our option for clients with a mostly clean credit history.
Floating interest rate starting from
8.59% p.a.*
- 2 and 3 year fixed rate options available
- Alternative documentation (alt doc) available
- Redraw facility
- Consolidate up to 4 debts and cash out for acceptable personal purposes
- Paid defaults up to $500 are considered
- Option to split the loan
^Fees and Charges
- Establishment fee: $749
- Monthly administration fee: $10 per month (split)
- View a detailed summary of our home loan fees here
Near Prime
For those who need greater flexibility and may be recently self-employed.
Floating interest rate starting from
8.94% p.a.*
- 2 and 3 year fixed rate options available
- Alternative documentation (alt doc) available
- Redraw facility
- Unlimited cash out (requires verification)
- Defaults and judgements registered > 24 months considered (includes discharged bankruptcy)
^Fees and Charges
- Establishment fee: $749
- Monthly administration fee: $15 per month (split)
- View a detailed summary of our home loan fees here
Specialist
Tricky circumstances or life events? There still could be an option.
Floating interest rate starting from
10.74% p.a.*
- 2 and 3 year fixed rate options available
- Alternative documentation (alt doc) available
- Redraw facility
- Unlimited cash out up to 75% LVR (requires verification)
- Defaults and judgements registered < 24 months considered (includes discharged bankruptcy)
- Unlimited mortgage arrears and non-mortgage arrears within last 6 months
- Newly self-employed 6 month NZBN accepted
^Fees and Charges
- Establishment fee: $749
- Monthly administration fee: $15 per month (split)
- View a detailed summary of our home loan fees here
View product guide and rate cards >
A default interest rate, which is your clients' current interest rate plus 2% p.a. may be charged on each amount that is either overdue or over the limit of their home loan
All loan applications are subject to the Pepper Money Team completing responsible lending checks and considering the borrower’s individual circumstances.
