What’s new at Pepper Money

Posted: 04-11-2024

We’ve made changes to our policies. To help you get up to speed, here’s a summary of our latest changes—because having options can make all the difference.

Loan size and vacant land changes  

Helping you get the deal done. We’re increasing (and in some cases doubling) our loan sizes and max vacant land size. 

  • Clients can now borrow up to $5 million for home loans and up to $2 million for construction loans. For specific changes to LVRs, locations, and loan limits, see the rate card.   
  • We’ll now accept vacant land up to 5 acres for Prime, Near Prime Clear and Near Prime home loan options.

Large loan sizes   

Our serviceability requirement for large loans has been reduced from 1.25 x NSR to 1 x NSR. This will apply to loan amounts greater than $1.5 million for Near Prime and $1.75 million for Prime home loan options.  

Debt consolidation  

Don’t limit your clients to 4 debts. With us, you can now consolidate an unlimited number of debts on our Prime home loan option. This doesn’t include tax or business debts. 

Expanded commercial securities   

Help more clients. We’ve opened up the types of residential securities we’ll accept under our commercial product to include:  

  • Studio apartments (incl. <40m2) 
  • Dual key homes 
  • Serviced apartments 
  • Lifestyle properties with no acreage cap up to $2.5m 
Got a deal on your desk? Give it the Pepper Money non-bank test. 
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Important information

All Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees, and charges apply.

©Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. 

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