Personal loan products |
Available via Pepper Money? |
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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:
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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.
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Customer Service: Dedicated support teams that assist borrowers throughout the loan application and repayment process.
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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.
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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:
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Be an Australian citizen or permanent resident, 18 years or older.
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Have no defaults or active payday loans.
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Not be bankrupt or have court judgments.
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Use Centrelink as secondary income if applicable.
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Seek a loan between $5,000 and $50,000, with repayment terms from 18 to 84 months.
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Be employed and not on probation.
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Provide acceptable ID, proof of income, and address, including:
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Acceptable identification (e.g., driver's license, passport)
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Proof of income (e.g., recent payslips, bank statements)
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Proof of residence (e.g., utility bills)
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