Pepper Money is offering reviewers that provide a review, that is either positive or negative, the chance to win one $250 voucher. This is drawn randomly at the end of each month. This incentive campaign ends on July 31st, 2020. It is possible that the reviews below are written by reviewers that may have received this incentive. For more information, you can read here.
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GregNortheast, VIC
Patience with a basket case
After a tumultuous twelve months I was financial basket case at my wits end, the endless patience and optimism of Pepper staff made it possible for me to get it done. At the end my repayments are much less than I expected, I can look forward with optimism.
1 comment
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Getting it right the first time
Pepper Money’s excellent Customer Service from their Lending Specialist right down the Loan Support people is very highly commendable. They strived to get it right the first time. Well done.
1 comment
Pepper Money A.Pepper
Thank you Allen, it’s great to have you on board. Thanks for sharing your experience with us. We love to hear from our customers and learn how happy they are with the service support our Pepper team have provided.
Kind regards,
Natalie
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JasonGreater Melbourne (Outer), VIC
- 2 reviews
Happy
My home loan was a little complicated but we got there. We needed a loan for an investment home and the big banks were not interested. There loss now. Loan settled last week and pepper have been good so far.
1 comment
Pepper Money A.Pepper
Hi Jason. At Pepper, we do our best tailor our loans to suit your needs, even if your circumstances are 'complicated'. Welcome to Pepper Money and congratulations on your new loan!
With thanks,
Natalie
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Amazing Result Very Happy Client
Thanks Pepper your service has been amazing from your team of professional staff the outcome for me has been amazing I could not have asked for more great rates great service a very happy client
1 comment
Pepper Money A.Pepper
Thank you Maree, it's fantastic to hear that you're so happy with our amazing service and the great interest rate we were able to offer you.
Kind regards,
Stacey
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Was perfect
After a very hard time with building our new house our business went back but pepper money helped us to support our business and get it back on track
The service was so quick & amazing
Thank you pepper money
1 comment
Pepper Money A.Pepper
You are very welcome, Rash! We're pleased to have helped you to get on track. We trust our amazing service will continue during your time with us.
Kind regards,
Eric
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Shane R.
- 3 reviews
- 2 likes
Worst company I’ve delt with a car loan.
I have had 6 car loans and pepper money it the worst I’ve had by far. No trouble with any other. Broke my leg last July and payments was taken over by insurance and nearly on a weekly basis I’d get phone calls about late payments. I’d say it’s been taken care of by insurance. They’d ask me to call them. I would. Theyd say it’s all up to date and I’d still get 3-4 calls a week from them. Explain every time. Wouldn’t write down any notes. Explain 2 days later. Had to change my bank details as they’d pull money from my account even though they were getting paid. Never going through these again.
1 comment
Pepper Money A.Pepper
Hi Shane, thank you for taking the time to provide feedback on your experience with Pepper Money. So that we can look into this further, we'd appreciate it if you could send us your loan number and co... Read more
ntact details via private message. We will then contact you to provide a resolution to the concerns you've raised with us. Kind regards, NatalieSimilar opinion? Write a review on ieatwords.com.au!
A...Central West, NSW
- 2 reviews
They were easy to deal with
Customer service was excellent. We found pepper offered us a better rate than other places due to our situation. We were weary using an alternate lender from the big banks but definatly a good outcome, with great communication and easy online services.
1 comment
Pepper Money A.Pepper
Thank you for considering Pepper Money for your lending needs and for allowing us the opportunity to offer you a competitive interest rate. We appreciate your review and trust our fantastic customer service will continue.
Kind regards,
Natalie
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Pepper Money
Pepper have saved me, I was told by lenders not a chance but pepper delivered a product that suit my needs with a reasonable interest rate. Going through a div can be quite messy and failure by the other party to pay bills or credit cards left a mark on my file. Pepper were very thorough and open and honest from the beginning. Thank you pepper.
1 comment
Pepper Money A.Pepper
Thank you for your feedback! We're so pleased to hear that we were able to provide you with a loan that suits your needs and we also appreciate your acknowledgement of our service during the process. Welcome to Pepper Money!
Kind regards,
Natalie
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Happy CustomerGreater Melbourne (Metropolitan), VIC
- 2 reviews
Fast Settlement
Had a Land Loan which Pepper Money did a wonderful job of settling within 1.5 weeks which was amazing and really appreciated the great supportive work there staff performed on getting this timely done.
Also the interest rate I received is phenomenal and better than any bank which is outstanding!
Definitely love to stay with Pepper Money when I come to Construction Loan soon.
1 comment
Pepper Money A.Pepper
What great news! It’s our pleasure to have provided you with a great interest rate and we look forward to hearing from you for your construction loan.
With thanks,
Cassandra
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Denise L.Sydney, NSW
Right Option for Me
Pepper Money had the product that I needed and at the right time.
I did have an extra unexpected cost with this loan though.
Also the customer service has been great so far, so I am very satisfied.
1 comment
Pepper Money A.Pepper
That's fantastic Denise, we're thrilled to receive your feedback. If you would like to speak with us about the fee you have mentioned, please feel free to contact us on 1300 650 931, or reach out to your broker.
Kind regards,
Eric
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Pepper money can’t help everyone
We have excellent credit, good proven income and wanted a low doc home loan and a 90% lvr construction loan but because our property is rural pepper money can’t help us. Even though it’s 10 minutes from a main town and has proven equity.
1 comment
Pepper Money A.Pepper
Hi, and thanks for reaching out to Pepper Money. We're sorry we weren't able to assist you with a loan to build your home and can certainly understand your disappointment. If you would like speak to u... Read more
s about this, please send us your application reference number and contact details via private message and we will get in touch with you to discuss further. Kind regards, CassSimilar opinion? Write a review on ieatwords.com.au!
TamaraD
- 2 reviews
Approved us and gave us another chance to having our own home again!
We had a very quick and amazing experience with Pepper after being thrown around by another non bank lender. From the initial application process till settlement I couldn't fault their service! We have dealt with a lot of lenders and home loans in the past, all mainstream and as far as service and promptness goes, and believe it or not, to be honest, Pepper have been the best. We ran into a few credit problems in the last few years which gave us a not so nice credit rating but we were able to finally get back on our feet, but our credit rati...Read more
ng was already destroyed. Pepper gave us another chance and after carefully considering our situation approved our loan. The credit manager took the time to carefully look at our situation and even had please explain for certain things and expenses which is fair enough especially when it comes to responsible lending. Together with our broker we had valid reasons and explained our expenses and she was happy with that. Apart from that my broker has even said how impressed she was with the professionalism of the credit manager and that she was just such a nice person, down to earth and didn't treat us like criminals ( which is what a lot of credit managers are like). Once we accepted the offer the docs were sent asap and we signed with our broker and sent to the solicitors and settlement even happened a couple of days earlier. The only unfortunate thing is the price you have to pay to enter the housing market after having a bad credit rating is the interest is sky high. A bit unfair as you would think that lenders would try to help bring the repayments down than up by giving you the same interest rate to everybody else and maybe have some other high risk alternative. It is what it is but I guess if I hadn't of got myself into that situation I could of have had a good interest rate and hope that I can refinance again with someone non lender and get the low interest rate that most people have. But anyway I've only had this loan for two months so hoping Pepper continue to provide good service. Lucky for me there has been two rate changes and they have honoured them both and I hope they will continue to lower them! Even when I have called twice to change direct debit dates and ask a question they have been very good and professional. fingers crossed you can live up to your bargain pepper and I can convince genuine people who are struggling to obtain finance to give you a go. :)1 comment
Pepper Money A.Pepper
Thanks so much Tamara! We are extremely pleased to hear that we were able to help you to achieve your goals! At Pepper, we understand how difficult it can be to get a loan and strive to help everyone ... Read more
no matter their situation. Thank you for taking the time to share your positive experience. We trust that our prompt and friendly service will continue and we look forward to working with you. Kind regards, NatalieSimilar opinion? Write a review on ieatwords.com.au!
Mathew M.South East Queensland, QLD
Slow changing decisions cost me money and put me further behind.
Disappointed in the yes initially to 95% then 90% then the constant changing of the goalposts you advertise 3.53% charge me 7.5 therefor I couldn't afford it. I failed at a business yes I gave it ago, nothing to do with my situation now. 4.5 years later. By changing as they went I lost money on lawers and building and pest and take a long time between conversations and ghost you.
They know you need them as they are your only choice.
I was conditionally approved and said no as the fees, interest rate, charging me their lawyers fees and other con...Read more
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ClintonWestern Australia
- 3 reviews
Couldnt get another loan
Applied for a loan, good credit history no defaults, current customer, all loan payments made up to date.
Got preapproved, then emailed declined citing normal standard reasons.
Applied to loans.com.au got approved and loan settled quickly with a great rate.
1 comment
Pepper Money A.Pepper
Hi Clinton, thanks for taking the time to provide your feedback. We're very sorry to hear about your frustration with your loan application and would like the opportunity to discuss your concerns in m... Read more
ore detail to help us improve our service. Would you be able to please confirm your name and application number via private message and I can arrange for a call back from a member of our team? Thanks, NatalieSimilar opinion? Write a review on ieatwords.com.au!
Would not recommend to anyone
Constuction loan!
All payments being paid late some 2 weeks after builders requirement. Final payment being held for 3- 5 days "processing time" causing delayed handover due to funds not being paid on time. Promised call backs and never received them. Took me waiting on hold and refuding to hang up till I spoke to someone.
Do not go with Pepper if you can avoid it. More head ache than its worth!!!!!
1 comment
Pepper Money A.Pepper
Hi, thanks for reaching out to us and for taking the time to let us know about the issues you are experiencing with your Pepper loan. The level of service you have said you've received is certainly no... Read more
t the level of service we aim to provide and we would be extremely grateful for the opportunity to speak with you about this. If you could kindly send us your loan id and contact number, a member of our Construction Team is available to speak with you. Kind regards, NatalieSimilar opinion? Write a review on ieatwords.com.au!
Winston Stradher
- 2 reviews
- Verified customer
Clear, Concise and Very Helpful
My experience with Pepper Money was very favourable from the outset. I was placed under the guidance of Katie Archibald who made the whole loan process manageable. I have taken out many loans with the banks over the years, but I must say the friendship and ease of talking to Katie and her team made me feel important and respected. The loan itself was clearly expressed in a succinct manner. It wasn't long before I knew I had qualified for the loan. All costs were clearly stated and there weren't any surprises. Gathering documentation and forward...Read more
ing it to Pepper wasn't a difficult task. The whole loan was conducted electronically and via phone. I'm seeking another purchase of a warehouse and office and will be approaching Pepper Money for the funding. It is with no hesitation that I would recommend Pepper Money as a mortgage lender. Thank you to Katie Archibald and her team for the loan. Winston 23/07/20191 comment
Pepper Money A.Pepper
Hi Winston, it's an absolute pleasure to have you on board. It's wonderful to hear how helpful you've found our Pepper team to be, particularly Katie, who I'm sure will be thrilled to receive your review. Welcome to Pepper Money!
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Mathieu D.Greater Melbourne (Inner), VIC
New to Pepper
Recently recommended by our broker. The process went smoothly apart from Pepper sending us the documents instead of sending them to our broker (minor issue which did not cause any trouble). Happy so far!
1 comment
Pepper Money A.Pepper
Hi there Mathieu, glad to hear that you're happy with Pepper Money although we're sorry about the oversight with the paperwork. If this is something you'd like us to look into further, please don't he... Read more
sitate to call us on 1300 650 931. Regards, NatalieSimilar opinion? Write a review on ieatwords.com.au!
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ShaySouthwest, VIC
- 4 reviews
- 2 likes
High Interest Rates
We have been with Pepper for many years. Interest rates continually rising. I rang to try to negotiate rates, they will find trivial reasons eg( two weeks overdue in payment) to refuse rate cut, have never defaulted on loan and have proven that we can repay on high rate, so how can we be a risk on lower rate ?? I feel they will do whatever they can to keep you on a high rate of interest, stay away from these people.
December 4th 2022 Update: Stay Away From This Company
I complained about Pepper 6 months ago regarding their exorbitant ...Read more
interest rates. After initially refusing a reduction in the rates they gave me a drop (minimal) with the promise they would review the rate after 6 months, on the proviso that I paid instalments on time. My repayments were made on time and I paid above the payment to show I was genuine in keeping to the agreement. I rang after the 6 months and was offered a rate reduction from 6.1% to 5.98%. Pathetic They string you along with promises of rate reductions and then offer a paltry amount that wasn't even worth the time I spent on the phone talking to them. They the proudly tell me that they have given me previous rate reductions that I had to drag out of them. And the rest were from RBA rate reductions !!!2 comments
Pepper Money came back with a lower interest rate, with a promise that they will review our account in 4 months and decide on a reviewed interest rate. Lets see what happens
Pepper Money A.Pepper
Hi Shay. Firstly, thank you for posting your review and taking the time to let us know about your frustrations with your interest rate. We would appreciate the opportunity to speak with you in detail ... Read more
about the concerns you have raised. If you could please send us your loan number and contact details via private message, a member of our team will be in contact you. With thanks, NatalieSimilar opinion? Write a review on ieatwords.com.au!
salmcma
- 5 reviews
- Verified customer
Very unimpressed!
First loan payment I arranged for a change in the deduction date by 3 days to line up with my salary, and also for the credit on my account to be used as part payment. Neither of these things happened leaving us around $1000 out of budget and NO money over the next 3-4 days. We also have no redraw facility which was requested several times. There is no weekend service to attempt to resolve this either. Very unimpressed!
1 comment
Pepper Money A.Pepper
Thank you for bringing this to our attention and we are sorry to hear that you have not had a positive experience with us. We'd like to look into this for you as soon as possible to see what we can do... Read more
to help. If you could please send us your loan id and contact details via private message, we will call you to discuss a way to fix this. Alternatively, you may contact us on 1300 650 931. Kind regards, NatalieSimilar opinion? Write a review on ieatwords.com.au!
Best home loan experience by far
We refinanced our investment property with pepper money and it was from start to finish a simple and easy process, by far the best experience we have had to date. The customer service was impeccable and all questions were answered promptly. I highly recommend.
1 comment
Pepper Money A.Pepper
Thank for your taking the time to provide this wonderful feedback, Melissa. We appreciate you letting us know and are glad to hear that you are happy with the service we have provided.
Kind regards,
Natalie
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Questions & Answers
Home loanasked
How much can I borrow for home loan
1 answer
Pepper Money A.Pepper
Hi, thanks for your enquiry. You will need to reach out to your broker, or give us a call on 13 73 77. Hope this helps.
Kind regards,
Natalie
Melissaasked
Hi. Can you change your loan repayments to interest only for a certain period anytime or do you need to do a whole new refinance application?
1 answer
Pepper Money A.Pepper
Hi Melissa, thank you for your enquiry. Yes, you can convert to interest only repayments however this is for investment properties only. For further information, please contact us on 1300 650 931.
Kind regards,
Natalie
Kateasked
Will Pepper be passing the latest Oct 2022 rate cut onto their existing customers? Most lenders have passed 0.15% with some even up to 0.30 for investor interest only loans. Pepper has so far only announced some discounts for the NEW customers but what about your existing customers?
6 answers
Yes I am sure Pepper will cut onto their existing customers, They are a very fair company and I hold them in the utmost respect.
It doesn't appear so because they have only announced a rate cut for new customers. See https://www.savings.com.au/home-loans/rba-rate-cut-october/#pepper
Up to 24 basis points (0.24% points) applies to some loans for new customers
Announcement date: 01 October 2022 (for new customers), Effective date: 01 October 2022 (for new customers)
I also want to point out that with the July 2022 rate cut, Pepper only passed 20 basis points (0.20% points) of 25 basis points. Some other lenders eg St George Variable residential investment property loan IO offered even more than the RBA announcement (30 points), Westpac Variable residential investment property loan IO (30 points), Resimac 25 basis points (0.25% points).
No confirmation of cuts for existing customers yet
So if Pepper does not pass on this cut (0.25%) and along with only passing on some of the July cut (0.20% of the 0.25%, as a IO loan, that is a total 0.30% since July that Pepper are taking away from me as a customer. I find this extremely disappointing especially when you look at other lenders who has been proactive and prompt in their response to the recent cut. Every day Pepper delays an announcement and delay the effective date a cut comes into effect is more dollars in their pockets.
Pepper Money A.Pepper
Hi Kate. Yes, Pepper has reduced its rates for existing customers by 0.15%. The effective date for this change is 18 October 2022. Please contact us on 130 650 931 if you have any questions.
With thanks,
Natalie
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Pepper Money A.Pepper
Hi Greg, sorry to hear that it's been a bit of a tough year, however it's fantastic that we were able to work with you to help get your finances back on track. It must be a huge relief. Thank you for ... Read more
taking the time to let us know. Kind regards, Natalie