- Failed to pass credit scoring
- Previously been declined
- New permanent residents AU or NZ
- Multiple debts to consolidate
- Needs to payout business/IRD debt
- Cash out needed for business purposes
- Refinance of private/solicitor finance
- Discharged bankrupt
- Late payments or mortgage arrears
- Defaults, judgements or writs
- Self-employed 24 months
- NZBN registered 6 months
- Income from casual employment
- Government income from family payments
To download our complete product guide and access our rate card, log in to the Pepper Money Financial Adviser Portal
The default interest rate is equal to the interest rate applicable to the loan account at the time of default + 2% p.a.
All loan applications are subject to the lender completing responsible lending checks and considering the borrower’s individual circumstances.
Join the growing number of brokers who are finding more solutions with Specialist Lending
You are protected by responsible lending laws. Because of these protections, the recommendations given to you about home loans are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.
Floating Interest rates are correct as at 1 October 2021 and subject to change at any time.
1Pepper Money interest rate promotion applies only for new Pepper Prime, Pepper Near Prime and Pepper Specialist home loan applicants. Offer does not apply to existing borrowers. The actual interest rate applicable to a borrower may be higher than the stated starting floating interest rate above. Applications must be submitted between 12:00am NZDT 1 October 2021 and 11:59pm NZDT 17 October 2021. Home loan applications lodged after the promotional period will be offered the current interest rates then applicable.
2 Pepper Prime home loan floating interest rates range from 3.29-4.25% p.a., Pepper Near Prime home loan floating interest rates range from 3.89-5.72% p.a. and Pepper Specialist home loan floating interest rates range from 5.55-7.64% p.a. The actual interest rate 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 including 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. For more information please refer to the Fees & Charges Schedule, General Teams & Conditions and the Mortgage Terms & Conditions.