Car loan products

Available at Pepper Money?

Fixed rate car loan

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Variable rate car loan

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Fixed interest secured car loan

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Variable interest secured car loan

❌

Green car loan

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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.