Pepper Money is one of Australia's largest non-bank lenders, offering both secured and unsecured personal loans. The unsecured loan covers $5,000 to $50,000 with terms from 18 to 84 months. The secured loan goes up to $100,000 and uses a vehicle as collateral, which typically brings the rate down.
Applications are assessed online and a rate quote can be provided without affecting your credit score. If approved, funds typically arrive within 1-2 business days.
Pepper Money charges no establishment fee, no monthly account fee and no early repayment fee. That makes it cheaper to pay off ahead of schedule, which can reduce the total interest you pay over the life of the loan.
