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

We help a wider range of people by always looking at the bigger picture. We take your individual circumstances into account and in many cases we can accept situations that some traditional lenders will decline.

Common reasons you may need our help

Some of the common scenarios we work with involve people who have had credit issues following a major ‘life event’ like a relationship breakdown or job loss. At other times it might be someone’s income sources, employment type or issues with documentation that are preventing them from securing a home loan. Whatever your circumstances, if you have a mortgage application that does not meet traditional lending criteria it is definitely time to get a second opinion. Talk to a Pepper accredited mortgage adviser.

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 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 < 2 years
  • NZBN registered 6 months
  • Income from casual employment
  • Government income from family payments

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

We use our cascading credit model to assess applications. We will always assess your application under the Pepper Essential range first, and then, will automatically reassess across our Easy and Advantage home loans if it does not fit Essential criteria. In most cases we can provide you with a solution, saving you 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 products.

Pepper Essential home loan product
Pepper Essential

A simple home loan for borrowers with a clear credit history.

5.27% p.a.

Floating interest rate starting from

Features:

  • 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 are considered

 

Pepper Easy
Pepper Easy

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

6.39% p.a.

Floating interest rate starting from

Features:

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Debt consolidation and cash out for personal or business purposes up to an 80% LVR
  • Defaults and judgements registered > 24 months considered (includes discharged bankruptcy)

 

Pepper Advantage
Pepper Advantage

A real home loan range for borrowers whose circumstances have made getting a loan challenging.

6.59% p.a.

Floating interest rate starting from

Features:

  • 2 and 3 year fixed rate options available
  • Alternative documentation (alt doc) available
  • Redraw facility
  • Gifted deposits and other ‘non-genuine’ savings considered
  • Debt consolidation and cash out for personal or business purposes up to an 80% LVR
  • Defaults and judgements registered < 24 months considered (includes discharged bankruptcy)
  • Mortgage arrears considered
  • Newly self-employed accepted (6 month NZBN)

 

The default interest rate is equal to the interest rate applicable to your loan account at the time of default + 2% p.a.


Disclaimer: *Interest rates start from this amount, are correct as at 1 September 2019 and subject to change at any time. The actual interest rate applicable to a borrower may be higher than the above interest rate, and will depend on the lender’s consideration of various factors, including the individual borrower’s circumstances and credit history, the loan to value ratio (LVR) and the type of loan product applicable – whether the borrower is applying for a full documentation (full doc) or alternative documentation (alt doc) loan. All applications are subject to Pepper's lender’s credit assessment and loan suitability criteria. Terms, conditions, Fees and charges apply.

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