Couple thinking about refinancing their home loan
Couple thinking about refinancing their home loan

Refinancing: Unlock the power of your home loan.

Big dreams? Refinancing could help you get there

Our home loan options factor in the ups and downs of real life, making sure you’re always ready to get ahead. Refinancing can help reshape your financial situation so you can do the things that matter to you. Equity (the market value of your property minus what you owe on your mortgage) could be used for cash-out, allowing you to pay for the kids’ education, buy a bach, or get stuck into that long-overdue renovation. 

Likewise, it could help you to consolidate debts or bring multiple mortgages together with one lender so you can streamline your financial commitments. What’s more, even if you've got a poor credit history, you may still be able to refinance your home loan with us. 

Why Pepper Money?

We're fast: Credit decision within 1 working day

We're flexible: We'll always try to give you options

We're accessible: Talk through your situation with us

 

Pepper Money refinancing trio
  • Cash-out, including for renovations 
  • Borrow up to 85%* of the property value 
  • Deal directly with a decision-maker 
  • Consolidate multiple debts
  • We look beyond just your credit score 
  • Alt Doc applications considered

Any loan applications are subject to the Pepper Money team completing responsible lending checks and considering your/every customers individual circumstances.

Your Loan, Your Rate

Discover our flexible approach to home loans. We look at a range of factors (including your financial situation, credit history and property) to provide eligible borrowers with an interest rate estimate. Talk to a lending specialist to find out where you stand.

Crunch the number with our calculators

Learn about our home loan

Fixed term home loan

The choice is yours

Choose a floating rate or fix your loan for 2 or 3 years. Or split your loan up to 4 ways and choose a mix of fixed and floating rates.
Split home loan

Refinance with 20% equity

Refinance your loan to us and even get cash-out for select purposes. You’ll need to still have at least 20% equity after any cash-out.
Unlimited extra repayments home loan option

Non-metro lending

From North to South, we're here to help - even if your refinancing from outside a major regional area.
Interest rates

Floating interest rates from 8.59% p.a. to 12.89% p.a.

2-year fixed interest rates from 7.74% p.a. to 12.04% p.a.

3-year fixed interest rates from 7.44% p.a. to 11.74% p.a.

The actual interest rate will depend on the borrower's circumstances and the information verified during the assessment of a loan application.

Loan purpose
Purchase or refinance an owner-occupied or investment property. Debt consolidation available when refinancing.
Maximum LVR
Borrow up to 85%* of the property value.
Loan amounts
From $100,000 up to $2,500,000 subject to product, region, eligibility criteria and lending limits.
Loan terms
10 - 30 years - subject to eligibility criteria.
Interest rate options
Choose a floating rate or a 2 or 3-year fixed rate period.
Repayment options
  • Principal and Interest, or
  • Interest only (up to 5 years - followed by Principal and Interest payments for the remainder of the loan term).

For owner-occupied loans, interest only is limited to 50% of  your total loan amount.

Repayment frequency
  • Weekly, fortnightly or monthly for Principal and Interest loans
  • Monthly for interest-only loans

 

Extra repayments
Unlimited extra payments are permitted, free of charge for floating interest rates. For fixed rate loans, extra payments are free of charge up to $10,000 p.a.
See fees and charges for more information.
Redraw

Minimum online redraw is $50, and minimum manual redraw is $1,000. 

You'll need at least 1 floating loan split to transact via redraw.

Redraw is not available during any fixed interest rate loan term. 

Loan splits
Up to 4 splits are available.
Fees and Charges

Establishment fee: $749 inclusive of  legal and settlement fees.

Discharge admin fee: $500

Monthly admin fee: From $10-$15 per loan split, depending on product.

Break costs: Break costs are payable on early repayment of more than $10K p.a. on a fixed rate loan, or switching to a different interest rate during the fixed rate period.

View all fees and charges »

 

A default interest rate, which is your current interest rate plus 2% p.a. may be charged on each amount that is either overdue or over the limit of your home loan.

Any loan applications are subject to the Pepper Money team completing responsible lending checks and considering your/every customers individual circumstances.

Don't forget to read this bit...

Information and interest rates are correct as at 22 January 2024 and subject to change at any time. Offers and promotions may be continued, withdrawn, or changed at any time without notice.

* Offer applies to ‘New Build’ Prime, Near Prime and Specialist Full Doc home loan applications with LVR >80-85%. Available for Metro security locations only. A New Build is a property where the borrower has made a financial and legal commitment to buy in the form of a purchase contract with the builder, prior to the property being built or at an early stage in construction. This could be traditional ‘construction lending’ where the loan is disbursed in staged payments, or it could be a loan to finance the purchase of a property, which will be settled (in one payment) once the build is complete Or a newly-built entire dwelling completed less than six months before the mortgage application. The dwelling must be purchased from the original developer (the contract to buy at completion can be agreed while the building is still being constructed).

You are protected by responsible lending laws. Because of these protections, the recommendations given to you about home loans are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.

Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licenced financial or tax adviser.

All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.

Get in touch with a Lending Specialist

Tell us about your situation. The more we learn, the better we can help.