Pepper aims at prime borrowers
Pepper Homeloans introduced a low doc home loan aimed at prime borrowers, and dubbed the Xpress Low-Doc mortgage. The loan is aimed at self-employed borrowers with a clean credit history, in business for two years or more and be willing to self-certify their income. For loan's with a deposit of at least 20 per cent the interest rate is 7.44. For loans with less equity the interest rate is 8.99 per cent.