Give that deal on your desk, the Pepper Money non-bank lender test

To help address some of the real world challenges that clients face, we’re unlocking opportunities for borrowers with our red hot rates package.

Whether your client is buying, refinancing, or investing, give them options with our new Near Prime offer:

Red Hot Rates

Select floating rates reduced for Near Prime loans until 
22 August 2024*. 

Red hot
buffer rates

2% Serviceability buffer.

Red hot response rates

Get a response from our Credit team within 24 business hours.

Got a deal on your desk? Give it the non-bank lender test!

Submit a scenario

     

Our headline rates^^

Floating Rates

Until 22 August 2024, access red hot rates for select Near Prime loans. 

  • From 9.69% p.a. for Full Doc  
  • From 9.79% p.a. for Alt Doc 

Fixed Rates

Give clients even more savings with low loadings for fixed rates. E.g. Near Prime 3-year fixed rates starting 

  • From 8.79% p.a. for Full Doc  
  • From 8.89% p.a. for Alt Doc 

     

Our headline policy options

LVR & Deposit

  • Up to 80% LVR
  • Up to 85% LVR for new build in metro area
  • First Home Grant considered for deposit

Income

  • 80% of estimated rental income considered
  • Non-standard income considered
  • Work & Family Payments (no age limit)

Credit History

  • Arrears or late payments
  • Unlimited defaults
  • Discharged bankruptcy (1 day)

Loan structure

  • IO max 5 years followed by P&I
  • 2 and 3 year fixed interest rates
  • 40-year loan terms (P&I non-conforming options)

Find out more about the clients you can help
Discover our Client Solutions

   

Talk to us about workshopping your client’s situation.
We’re here to help. 

Rate card

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Product Guide

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Servicing Calculator

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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.

Information provided is factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

*Floating Interest rate promotion (Promotion) applies for new Near Prime applications, between 75-80% LVR for Full Doc, and 65-80% LVR for Alt Doc. Refer to the rate card for our full range of interest rates and fees. Applications must be submitted between 12:00 am NZST 31 May 2024 and 11:59 pm NZST 22 August 2024. Applications lodged after the Promotion period will be offered the current floating interest rates then applicable. This Promotion is subject to change and may be varied or withdrawn at any time.

^Before using Pepper Product Selector, it is important to ensure you have received your customer’s written consent to complete a credit enquiry. Applications are subject to credit assessment, eligibility criteria and lending limits. 

^^Carded floating and fixed interest rates range from 7.99-12.89%p.a., are correct as at 31 May 2024 and subject to change at any time. See the latest rate card for more information. The actual interest rate applicable will depend on the individual borrower’s circumstances. 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.

Applications are subject to the lender completing responsible lending checks and considering the borrower’s individual circumstances. Credit assessment, eligibility criteria, lending limits, terms, conditions, fees and charges apply. For more information please refer to the Fees & Charges Schedule, General Teams & Conditions and the Mortgage Terms & Conditions.

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Pepper and the Pepper Money logo are registered trademarks of Pepper Group Assets (Australia) Pty Limited and are used under licence.