Pepper Money Home Loans Review for Australian Expats

Pepper Money Home Loan Options

Pepper Money offers the following home loan products. Please note that these may not be available for borrowers from overseas. Speak with us to discuss your best options.

Pepper Money offers a variety of variable rate home loans, which allow your interest rate to fluctuate with the market, which means that your repayments could go up or down over time. These come with a number of features, such as:

  • 100% interest offset sub-account
  • VISA debit card+
  • Free online redraw
  • Unlimited extra repayments

Pepper Money also offers a range of fixed rate home loans, which lock in your interest rate for a set period of time, typically 1, 2, 3, 5, 7, or 10 years. This means that your repayments will stay the same during the fixed rate period, even if the market interest rate changes. These come with a number of features, such as:

  • No break costs
  • Unlimited extra repayments

Pepper Money offers low-deposit home loans to expats who have a deposit of as little as 5% of the property value. This makes it possible for more people to buy a home, even if they don’t have a large deposit saved up. These come with a number of features, including:

  • LVR up to 95%
  • Gifted deposits accepted
  • No need to pay out HECS-HELP debt first

Pepper Money Home Loan Review

Here are the pros and cons of choosing Pepper Money to buy property in Australia.

Pros Cons
Flexible lending criteria
Higher interest rates than the major banks
No foreign income documentation required
Presence of risk fee
Fast and easy approvals
No fixed-rate home loans
Dedicated expat support team
No physical branches

Allow us to find you the perfect home loan.

Apply online to get expert recommendations with real interest rates and repayments.

Features of Pepper Money Home Loans

Pepper Money can help you get the following home loan features.

Feature Details
Flexible Repayment Options
Offers flexible repayment options, such as weekly, fortnightly, and monthly repayments. This can be helpful for expats who have irregular income or who are on a tight budget.
Offset Account
Allows borrowers to offset their loan balance with their savings. This can help borrowers to save money on interest and to pay off their loan faster.
Online Application Process
Pepper Money offers an online application process, which makes it easy for expats to apply for a home loan from overseas.

Facts About Pepper Money

Pepper Money was founded in Australia in 2000 to help Australians achieve their financial dreams. It quickly became one of the largest, most trusted, and award-winning non-bank lenders in the country, offering a range of home loans and personal loans to borrowers with various credit profiles.

It is a non-bank lender, meaning it is not subject to the same regulations as traditional banks. This allows it to offer more flexible lending solutions to borrowers who may not be able to qualify for a loan from a traditional bank.

In 2017, Pepper Money was acquired by leading global investment firm KKR & Co. Inc. This acquisition allowed it to expand its operations into new markets, including the United Kingdom, New Zealand, and Asia.

How Do I Apply for an Expat Mortgage with Pepper Money?

To apply for an Australian expat home loan with Pepper Money, you can follow these steps:

  • Go to the Pepper Money website and click on the “Home Loans” tab.
  • Select the “Expat Home Loans” option.
  • Click on the “Apply Now” button.
  • Fill out the online application form.
  • Provide the required supporting documentation, such as your passport, visa, payslips, and bank statements.
  • Submit your application.

Once you have submitted your application, a Pepper Money loan consultant will contact you to discuss your needs and answer any questions. They also offer a variety of home loan calculators on their website that can help you estimate your monthly repayments and borrowing capacity.

If you are unsure about any aspect of the home loan application process, contact our specialist mortgage brokers and we will help you secure your mortgage with Pepper or a better option depending on your circumstances.

Who is Eligible?

To be eligible for a home loan with Pepper Money in Australia, you must generally meet the following criteria:

  • Be at least 18 years old
  • Have a regular income
  • Be able to afford the monthly repayments

Pepper Money has more flexible lending criteria than traditional banks, which can be helpful for expats and permanent residents who may have difficulty meeting the requirements of traditional lenders. For example, Pepper Money is willing to lend to expats and permanent residents with a low deposit, a history of late credit payments, or who are self-employed.

Foreign investors living overseas can also get a home loan from Pepper Money. However, there are some additional requirements that foreign investors must meet, such as:

  • Having a valid Australian visa
  • Having a minimum deposit of 20% of the property value
  • Providing evidence of their foreign income

What Documents Do I Require?

Pepper Money in Australia requires the following documents for a home loan from overseas.


A copy of your passport and Australian visa (if applicable).


Two recent payslips, a tax return, or a letter from your employer confirming your employment status and income.

Assets and Liabilities

A copy of your bank statements and a list of your assets and liabilities.

Property Details

A copy of the contract of sale or a valuation report for the property you are interested in buying.

Pepper Money may also require additional documentation, depending on your individual circumstances. For example, if you are self-employed, you may need to provide additional financial information.

Other Related Products from Pepper Money

Interest-only Home Loan

Interest-only home loans allow borrowers to only repay the interest on their loan for a set period of time, usually 5-10 years. This can be a good option for expats who are looking to reduce their monthly repayments in the short term.

Self-employed Home Loan

Pepper Money offers self-employed home loans to expats who are self-employed. This can be a good option for expats who have difficulty meeting the lending criteria of traditional banks.

Foreign Income Home Loan

Pepper Money offers foreign income home loans to expats who earn their income overseas. This can be a good option for expats who have difficulty meeting the lending criteria of traditional banks.

Need a Mortgage With Pepper Money?

Pepper Money Home Loans offer a lifeline to Australian expats living overseas who aspire to invest in Australian property. With their flexible solutions and tailored approach, Pepper Money makes the dream of owning property in Australia a reality for expats. However, as with any financial decision, it’s essential to do thorough research and compare options to ensure it aligns with your unique circumstances.

However, you may yet face challenges in qualifying for a home loan due to various circumstances. That’s why we’re here to help, with a wide range of options available due to our extensive network built with years of specialist experience.

Our team has the know-how in securing mortgages for overseas Aussie expats, PRs and foreign investors. Contact us today for tailored recommendations and advice for your unique circumstances!

Other Australian Lender Reviews

Allow us to find you the perfect home loan.

Apply online to get expert recommendations with real interest rates and repayments.

FAQs About Pepper Money Home Loans

Yes, you can apply for a Pepper Money Home Loan even if you are living abroad as an Australian expat. Pepper Money understands the unique circumstances of expats and has designed its loan products to cater to your needs. They have flexible eligibility criteria that make it possible for expats to secure a home loan, provided you meet their specific requirements, such as a stable income, a valid Australian passport, and financial documentation that aligns with their standards.

Applying for a home loan is made convenient with their online application process, allowing you to begin the process from wherever you are in the world.

Pepper Money offers competitive interest rates for their home loans. The exact interest rate you’ll be offered may vary depending on the type of home loan you choose, your credit history, and other factors. It’s important to reach out to Pepper Money directly or visit their website to get the most up-to-date information on interest rates. They may also offer fixed-rate and variable-rate options, so you can choose the one that best suits your financial preferences and goals.

The approval process for a Pepper Money Home Loan is typically efficient, but the exact timeline can vary based on individual circumstances. The process may include document verification and assessment of your financial situation. It’s advisable to reach out to Pepper Money or consult their website to get an estimate of the typical approval timeline. Remember that having all the required documentation in order can expedite the process.

While Pepper Money strives to offer transparent and competitive loan solutions, it’s crucial to be aware of potential fees and charges associated with your specific home loan. These could include application fees, ongoing service fees, and early repayment fees, among others. It’s advisable to thoroughly review the terms and conditions of your loan and discuss any potential fees with Pepper Money to ensure you have a clear understanding of the cost structure.

If you find yourself in a situation where you might miss a repayment while living overseas, it’s essential to communicate with Pepper Money as soon as possible. They understand that life circumstances can change, especially for expats, and they may be willing to work with you to find a solution. It’s important to address any financial difficulties early to avoid further complications. Pepper Money may offer options like restructuring your loan or temporarily adjusting repayment terms to help you manage your finances during challenging times. Open and honest communication is key in such situations.

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