Non-bank lending is all about providing you with alternative solutions

We can help a wider range of people by always looking at the bigger picture. We take your individual circumstances into account and may be able to consider situations that some traditional lenders will decline.



Common reasons you may need our help

Some of the common scenarios we could help with are for people who have had credit issues following a major ‘life event’ like a relationship breakdown or job loss. We may also be able to help someone’s income sources, or employment type could be preventing them from obtaining a home loan. Whatever your circumstances, if you have a mortgage application that does not meet traditional lending criteria it could be time to get a second opinion. Talk to a Pepper Money accredited Financial Adviser today.

Don't meet mainstream criteria?
Don't meet mainstream criteria?

  • Failed to pass credit scoring
  • Previously been declined
  • New permanent residents NZ

After a flexible home loan solution?
After a flexible solution?

  • Multiple debts to consolidate 
  • Needs to payout business/IRD debt
  • Cash out needed for business purposes
  • Refinance of private/solicitor finance

Impaired credit history?
Impaired credit history?

  • Discharged bankrupt
  • Late payments or mortgage arrears
  • Defaults, judgements or writs

Can't provide traditional documentation?
Can't provide traditional documentation?

  • Self-employed for 24 months
  • NZBN registered for 6 months
  • Income from casual employment
  • Government income from family payments

All loan applications are subject to the lender completing responsible lending checks and considering the borrower’s individual circumstances.

Three home loan products, and only one application form –
Let Pepper Money do the work

We use our cascading credit model to assess applications. We will assess an application under the Pepper Essential product first, and then, will automatically reassess across our Easy and Advantage home loan products if it does not fit the Pepper Essential credit criteria. Where we can, we will provide a solution, saving the time and effort of reapplying.

Pepper offers floating and 2 and 3 year fixed interest rates and alternative documentation (alt doc) home loans across our range of home loan products.

Until 30 September 2021 we are discounting floating interest rates across our Pepper Essential, Easy and Advantage loan products for new customers (this does not apply to existing Pepper Money customers)*

Pepper Essential

A standard home loan for borrowers with a clear credit history

 

Floating interest rate starting from

3.29% p.a.*

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility 
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Consolidate up to 4 debts and cash out for acceptable personal purposes
  • Paid defaults up to $500 considered
  • Option to split the loan

 

  • Establishment fee: $1,499
  • Monthly administration fee: $10 per month (charged on each split loan)
  • View a detailed summary of all credit fees and charges here

 

Pepper Easy

A home loan for borrowers who haven’t had a credit problem in the last two years

 

Floating interest rate starting from

3.89% p.a.*

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility 
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Unlimited cash out (requires verification)
  • Defaults and judgements registered > 24 months considered (includes discharged bankruptcy)

 

  • Establishment fee: $1,499
  • Monthly administration fee: $10 per month (charged on each split loan)
  • View a detailed summary of all credit fees and charges here

 

Pepper Advantage

A home loan range for borrowers unable to meet bank lending criteria

 

Floating interest rate starting from

5.55% p.a.*

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility 
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Unlimited cash out up to 75% LVR (requires verification)
  • Defaults and judgements registered < 24 months considered (includes discharged bankruptcy)
  • Unlimited mortgage arrears and non-mortgage arrears within last 6 months
  • Newly self-employed 6 month NZBN accepted

 

  • Establishment fee: $1,499
  • Monthly administration fee: $10 per month (charged on each split loan)
  • View a detailed summary of all credit fees and charges here

 

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.

All loan applications are subject to the lender completing responsible lending checks and considering the borrower’s individual circumstances.

What is a non-bank?

Pepper Money jargon busters: Here to keep things real.

Learn more