Australia's leading non-conforming lender. Specialist in bad credit, self-employed, and complex financial situations where banks say no.
Prime Rate from
6.09%
Near Prime from
6.59%
Specialist from
7.49%
Pepper Money is an ASX-listed non-bank lender and one of Australia's leading specialist lenders. With over 20 years of experience and more than $19 billion in loans under management, Pepper has helped hundreds of thousands of Australians who don't fit the traditional bank mould.
Pepper's specialty is non-conforming lending - helping people with credit blemishes, irregular income, or complex financial situations access home loans. They use a tiered pricing model: borrowers with cleaner credit get lower rates ("Pepper Prime"), while those with more significant issues pay a premium but still get access to finance. Think of Pepper as the lender of last resort before you'd need to go to private lending.
Pepper is built for this. Defaults (paid or unpaid), court judgments, Part IX debt agreements, discharged bankruptcy - Pepper has products for all of these. They assess your current ability to repay, not just your past mistakes.
New ABN? Inconsistent income? Mixed personal and business finances? Pepper uses alternative documentation methods including BAS statements, bank statements, and accountant declarations.
If you have multiple debts (credit cards, personal loans, car loans) and want to consolidate them into one home loan, Pepper can often help even when banks won't due to your overall debt profile.
Use Pepper as a stepping stone. Get into the property market now, repair your credit over 1-2 years, then refinance to a mainstream lender for a better rate. A smart broker (like us) plans this exit strategy from day one.
For borrowers with clean or near-clean credit who don't meet bank criteria for other reasons (income type, employment type, property type). Competitive rates close to bank levels.
Rate: From 6.09% p.a. (owner-occupied, P&I, LVR <80%)
For borrowers with minor credit issues - small paid defaults, a few late payments, or recently resolved credit problems. Moderate rate premium.
Rate: From 6.59% p.a. (varies by credit history and LVR)
For borrowers with significant credit issues - larger defaults, judgments, discharged bankruptcy, or Part IX agreements. Higher rates reflect the risk profile.
Rate: From 7.49% p.a. (varies significantly by credit history)
For self-employed borrowers using alternative documentation (BAS, bank statements, accountant letter). Available across all credit tiers.
Rate: From 6.39% p.a. (clean credit, alt doc, owner-occupied, P&I)
Your rate is based on your actual credit profile. Cleaner credit gets lower rates. You're not lumped in with everyone - you pay for your specific risk level.
BAS statements, bank statements, or accountant declarations as income evidence. Don't have tax returns? Pepper has a path forward for you.
Start with Pepper now, build a clean repayment history, then refinance to a cheaper lender in 1-2 years. We plan this exit strategy with you from day one.
As a non-bank, Pepper uses a lower serviceability buffer than APRA banks. This can significantly increase your borrowing capacity.
We'll assess your situation and compare Pepper against 31 other lenders. You might qualify for better than you think.
Compare Pepper & 31 Others →✓ Free service ✓ Expert advice ✓ Credit repair strategy ✓ 2 minute assessment
