Pepper Car Loan Rates & Review

Pepper Car Loans as of July 2024

Lender	Advertised rate	Comparison rate*	Monthly repayment	Interest Type	Vehicle Type	Maximum Vehicle Age	Ongoing Fee	Application Fee	Total Repayment	as ofJuly 27, 2024

	9.49^%_p.a.	10.82^%_p.a.	^$630	Fixed	New, Used	99 years	^$9	^$474	^$37,795	More details
	Pepper – Car Loan
Pepper – Car Loan More details

Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of July 27, 2024. View disclaimer

Car loan products	Available at Pepper Money?
Fixed rate car loan	✅
Variable rate car loan	❌
Fixed interest secured car loan	✅
Variable interest secured car loan	❌
Green car loan	✅

Pepper Money offers car loans for private use, sole traders, and company applicants. Loan terms are fixed interest across repayment durations of 1 to 7 years. Borrowers can get finance for any vehicle, whether it’s new, used, or dealer demo.

The maximum loan amount is $150,000 and borrowers can get started with a 0% deposit. Repayment frequency is monthly, direct debited out of the borrower’s Australian bank account.

Pepper Money Car Loan Features

Pepper Money loans come with a range of features designed to provide flexibility and convenience:

Balloon Payment: Available for cars <1 year old. Choose up to 50% balloon depending on length of loan term. A balloon lowers your repayments, but means you’ll pay a lump sum at the end, and potentially more interest in total.
Fast Approval: Quick decision-making processes to ensure borrowers can access funds promptly. The application can be completed in less than 5 minutes, and a decision reached in less than a day.
Customer Service: Dedicated support teams that assist borrowers throughout the loan application and repayment process.
Electric Vehicle Loan: If you have an EV, you may be able to borrow more money at a lower rate, and also experience fewer fees.

Pepper Money Car Loan Fees

Pepper Money charges fees associated with its loans. Fees associated with its car loans include:

Loan establishment fee: $474
Account administration fee: $8.90/month
Security registration fee: $6

Fees apply for direct online applications, and may be different if applied through a broker. A discharge fee may also apply. Electric vehicle loans may also waive the loan establishment and monthly admin fee.

Eligibility Criteria

You are an Australian citizen, permanent resident or hold a relevant work visa.
You are currently employed and not on probation (full time/part time/casual > than 6 months).
You have no current unpaid credit defaults or prior bankruptcies.
You hold a current Passport or current Australian Drivers Licence.

Applicants will need to demonstrate income stability and ability to repay the loan, which may include attaching bank statements and proof of income with the application.