Pepper Personal Loan Rates & Review

Pepper Personal Loans as of July 2024

Lender	Advertised rate	Comparison rate*	Monthly repayment	Interest Type	Secured Type	Early Exit Fee	Ongoing Fee	Application Fee	Total Repayment	as ofJuly 27, 2024

	6.75^%_p.a.	6.75^%_p.a.	^$615	Fixed	Secured	N/A	^$0	^$0	N/A	More details
	Secured Personal Loan Fixed
Secured Personal Loan Fixed More details
	6.75^%_p.a.	6.75^%_p.a.	^$615	Fixed	Unsecured	N/A	^$0	^$0	N/A	More details
	Personal Loan Fixed
Personal Loan Fixed 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 are for unsecured personal loans only for the relevant amounts and terms. The comparison rates for car loans and secured personal loans are for secured loans unless indicated otherwise. 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

Personal loan products	Available via Pepper Money?
Fixed rate personal loan	✅
Variable rate personal loan	❌
Low credit personal loan	✅
Personal loan for cars	✅
Secured personal loans	✅

Pepper Money’s personal loans are flexible in nature, and can be used for anything from a renovation, a wedding, a holiday or another big life expense. They can also be used to finance vehicles such as boats, other watercraft, or caravans.

Applicants can borrow anywhere from $5,000 to $50,000, with a maximum loan term of 7 years. Interest rates are fixed, and borrowers can choose between either a secured or unsecured loan. The application process can take as little as 10 minutes and funds can be in your account in a day, depending on your financial circumstances and if all documentation has been satisfied.

Pepper Money Personal Loan Features

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

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.
Personalised Rate: Rates are personalised, and you can discover yours with a quick online estimate at Pepper. They are credit score-based, meaning the better your score, the better your rate.
No Fees: Pepper doesn’t charge any fees commonly associated with personal lending. This includes loan establishment, admin, early repayment, or security registration fees.

Eligibility Criteria

To be eligible for a Pepper Money personal loan, applicants must:

Be an Australian citizen or permanent resident, 18 years or older.
Have no defaults or active payday loans.
Not be bankrupt or have court judgments.
Use Centrelink as secondary income if applicable.
Seek a loan between $5,000 and $50,000, with repayment terms from 18 to 84 months.
Be employed and not on probation.
Provide acceptable ID, proof of income, and address, including:
- Acceptable identification (e.g., driver's license, passport)
- Proof of income (e.g., recent payslips, bank statements)
- Proof of residence (e.g., utility bills)