Stressed about interest rate rises?
Set yourself up with an interest rate that can’t go up but can come down. Until 12 May 2023, you can fix your variable interest rate for 2 years, with no break costs~. To be eligible for this offer, you must meet the following criteria:
- Submit a new application (not available for applications already submitted to Pepper Money or for existing Pepper Money borrowers).
- Submit your application between 12:00am AEST 17 April 2023 until 11:59pm AEST 12 May 2023 with formal approval by 5.00pm AEST 19 May 2023 (Promotion Period).
- Once formally approved, you can lock in the applicable fixed interest rate for 90 days by submitting the Fixed Rate Lock Authority Form before 19 May 2023. Rate lock fees start from $750#.
Our fixed rate home loan interest rates until 12 May 2023~
For new owner occupier fixed rate home loans, making principal and interest repayments. Up to 55% LVR. View our full interest rate range.
Get to know our fixed rate home loan
Say goodbye to break costs
Unlimited extra repayments
Lock it in, Eddy
Lock-in your repayments
Choose your fixed term
Split it your way
Your Loan, Your Rate
Discover our flexible approach to home loans. We look at a range of factors to provide eligible borrowers with an interest rate estimate. Find out where you stand today.
Why Pepper Money?
We’re fast: Credit decision within 2 business days
We're flexible: We'll look to give you options before saying 'no'
We're accessible: Talk through your situation with us
- No break costs or early repayment fees
- We look beyond just your credit score
- Get a quick response within 48 hours
- Borrow up to 95% of the property value
- Cash out for personal or business use (refinances only)
- Additional income sources considered
What’s a flexible
credit assessment?
We don’t just look at the black and white boxes on your home loan application. We make the effort to get to know you – the person behind the application. We ask the questions that matter and look to uncover the meaning behind any blips on your credit report, which allows us to make an informed decision and an interest rate based on your ability to repay a loan with us. Interest rates are determined using a range of factors (including your property goals, income and financial details).
It’s our flexible approach that helps more Aussies achieve their dreams of buying their new home.
Our fixed rate home loan interest rates until 12 May 2023~
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Comparison rate^: % p.a. - % p.a.
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2 year fixed term
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Fixed rate: 5.59% p.a. -10.79% p.a.
Comparison rate^: 5.77% p.a. - 10.86% p.a.
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3 year fixed term
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Fixed rate: 5.69% p.a. – 10.89% p.a.
Comparison rate^: 5.80% p.a. - 10.92% p.a.
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5 year fixed term
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Fixed rate: 5.89% p.a. - 11.09% p.a.
Comparison rate^: 5.90% p.a. – 11.08% p.a.
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7 year fixed term
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Fixed rate: 6.09% p.a. - 10.99% p.a.
Comparison rate^: 6.06% p.a. – 11.11% p.a.
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10 year fixed term
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Fixed rate: 6.44% p.a. - 11.34% p.a.
Comparison rate^: 6.39% p.a. - 11.46% p.a.
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2 year fixed term
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Fixed rate: 5.89% p.a. - 11.14% p.a.
Comparison rate^: 6.07% p.a. - 11.21% p.a.
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3 year fixed term
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Fixed rate: 5.99% p.a. - 11.24% p.a.
Comparison rate^: 6.10% p.a. – 11.27% p.a.
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5 year fixed term
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Fixed rate: 6.19% p.a. - 11.44% p.a.
Comparison rate^: 6.21% p.a. - 11.44% p.a.
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7 year fixed term
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Fixed rate: 6.39% p.a. - 11.34% p.a.
Comparison rate^: 6.36% p.a. - 11.46% p.a.
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10 year fixed term
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Fixed rate: 6.74% p.a. – 11.69% p.a.
Comparison rate^: 6.69% p.a. – 11.82% p.a.
All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.
Our fixed rate loan details
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Loan purpose
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Purchase or refinance an owner-occupied or investment property – including debt consolidation for refinances
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Maximum LVR
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Borrow up to 95% of the property value of owner-occupied property and up to 90% for investment property - subject to eligibility criteria.
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Loan amounts
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From $50,000 to $2,500,000 (up to 65% LVR) - subject to eligibility criteria.
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Loan terms
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10 - 40 years - subject to eligibility criteria
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Fixed rate periods
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2, 3, 5, 7, or 10 years
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Repayment options
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- Principal and Interest, or
- Interest only (up to 5 years)
For loans with an interest only period, the fixed rate term must equal the interest only period. Interest Only is not available in-conjunction with 7 and 10 year fixed interest rate terms
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Repayment frequency
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- Weekly, fortnightly or monthly for Principal and Interest loans
- Monthly for interest-only loans
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Extra repayments
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Unlimited extra payments are permitted, free of charge
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Redraw
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You can redraw extra repayments after your fixed interest rate period has expired
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Loan splits
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Split loan options are available
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Rate lock#
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To secure the applicable fixed interest rate at formal approval, for 90 days, there is a non-refundable, minimum fee of $750 per home loan application payable at settlement for home loan balances up to $500,000. Terms and conditions apply#.
Fixed rate loan balances rate locked ≤ $500,000 | $750 per home loan application
Fixed rate loan balances rate locked > $500,000 | 0.15% of fixed rate loan balance at settlement
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Break costs
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We don't charge any break costs or early repayment fees
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Offset Account
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We don't offer an offset account on our fixed rate loans.
Not sure if a fixed rate home loan is right for you?
What other home buyers are asking
Wondering if a fixed interest rate is right for you? Here are some popular questions from other home buyers.
Wondering what's in a rate? Here's some help
Whether you're confused about fixed rates, LMI or LVRs, then we've got articles and resources to help.
The important legal bits
Information and interest rates are correct as of 15 February 2024 and subject to change at any time.
Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licenced financial or tax adviser.
All applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Offers may be continued, withdrawn or changed at any time without notice.
~Pepper Money’s fixed interest rate promotion is only available for new home loan applications not previously submitted. Applications must be submitted between 12:00am AEST 17 April 2023 until 11:59pm AEST 12 May 2023 and formally approved by 5:00pm AEST 19 May 2023 (Promotion Period). A fixed rate lock application form will need to be submitted prior to 19 May 2023 to lock in the applicable fixed interest rate for 90 days, otherwise the fixed interest rate at settlement will apply. Home loan applications submitted after 12 May 2023 will be offered the current interest rates then applicable. Offer is not available to existing Pepper Money home loan borrowers. This offer is subject to change, and may be varied or withdrawn at any time.
#There is a non-refundable, minimum fee of $750 per home loan application payable at settlement to lock in a fixed interest rate for 90 days. For home loan balances greater than $500,000, the rate lock fee is 0.15% of the fixed interest rate loan balance at settlement. For example, for a fixed rate loan amount of $600,000 the rate lock fee will be $600,000 x 0.15% = $900. The lesser of the fixed interest rate at settlement or the applicable locked in fixed interest rate will be applied at settlement. The rate lock fee will be charged at settlement even if interest rates decrease after the rate lock request has been approved.
* Our interest rates:
Pepper Money variable interest rates range from 6.84%p.a.-12.19% p.a. (Comparison rates range from 7.02%p.a.-12.34%p.a.^) View all variable rates »
Pepper Money 2 year fixed interest rates range from 6.84%p.a.-12.19%p.a (Comparison rates range from 7.02%p.a.- 12.27%p.a.^). View all fixed rates » .
The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.
^ Comparison rate is calculated based on a secured loan of $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Visa Debit card is issued by Indue Limited ABN 97 087 822 464 and distributed by Pepper Finance Corporation Limited ACN 094 317 647 and/or through Pepper Money accredited mortgage brokers. Refer to the Conditions of Use and Target Market Determination (TMD).
