Specialist Lending is all about providing alternative solutions

We can assist you to help a wide range of clients by always looking at the bigger picture. We take your clients’ individual circumstances into account, and in many cases we can accept common scenarios that many traditional lenders will decline.

Common reasons why borrowers may need a specialist lender:

Some of the common scenarios we receive do involve credit impairment that can often occur following a ‘life event’ like a marriage breakdown or a job loss. Other times it may be a borrower’s income sources or employment type that is preventing them from securing finance. Whatever the circumstances, if an application doesn’t meet traditional lending criteria, it is definitely time for a second opinion.

Doesn't meet mainstream criteria
Doesn't meet mainstream criteria

  • Failed to pass credit scoring
  • Previously been declined
  • New permanent residents AU or NZ

Requires flexible solution
Requires flexible solution

  • Multiple debts to consolidate 
  • Needs to payout business/IRD debt
  • Cash out needed for business purposes
  • Refinance of private/solicitor finance

Impaired credit history
Impaired credit history

  • Discharged bankrupt
  • Late payments or mortgage arrears
  • Defaults, judgements or writs

Can't provide traditional documentation
Can't provide traditional documentation

  • Self-employed < 2 years
  • NZBN registered 6 months
  • Income from casual employment
  • Government income from family payments

Three loan products, and only one application  –
Let Pepper Money do the work

We use our cascading credit model to assess applications. We will always assess your client’s application under the Prime product first, and then, will automatically reassess across our Near Prime and Specialist home loans if it does not fit Prime criteria. Where we can, we will provide a solution for your client, saving you the time and effort of reapplying.

Pepper offers floating as well as 2 and 3 year fixed interest rates and alternative documentation (alt doc) home loans across our range of products.

Prime home loan product
Prime

A standard home loan range with competitive interest rates, flexible repayment options and typical loan features.

5.27% p.a.

Floating interest rate starting from

Features:

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility 
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Consolidate up to 4 debts and cash out for acceptable personal purposes
  • Paid defaults up to $500 are considered

 

Near Prime
Near Prime

A home loan range for borrowers on the cusp of prime with a clean credit history for the last 2 years.

6.39% p.a.

Floating interest rate starting from

Features:

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Debt consolidation and cash out for personal or business purposes up to an 80% LVR
  • Defaults and judgements registered > 24 months considered (includes discharged bankruptcy)

 

Specialist products
Specialist

A home loan range for borrowers unable to meet bank criteria and/or credit impairment within last 2 years.

6.59% p.a.

Floating interest rate starting from

Features:

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Debt consolidation and cash out for personal or business purposes up to an 80% LVR
  • Defaults and judgements registered < 24 months considered (includes discharged bankruptcy)
  • Mortgage arrears considered
  • Newly self-employed accepted (6 month NZBN)

 

The default interest rate is equal to the interest rate applicable to your loan account at the time of default + 2% p.a.

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Disclaimer: *Interest rates start from this amount, are correct as at 1 September 2019 and subject to change at any time. The actual interest rate applicable to a borrower may be higher than the above interest rate, and will depend on the lender’s consideration of various factors, including the individual borrower’s circumstances and credit history, the loan to value ratio (LVR) and the type of loan product applicable – whether the customer is applying for a full documentation (full doc) or alternative documentation (alt doc) loan. All applications are subject to Pepper's credit assessment and loan suitability criteria. Terms, conditions, Fees and charges apply.

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