Pepper Money home loan fee summary [Infographic]
While the home buying journey is an exciting one, it is also important to be aware of all the fees associated with your home loan application so that you can put some money aside to cover these expenses and be prepared.
The following infographic outlines the fees payable on a Pepper Money Home Loan.
Administrative costs
Establishment Fee
Required as part of the application process on all new loans, including refinancing existing Pepper Money loans. The establishment fee includes a valuation.
Valuation Fee
If a valuation is ordered by Pepper Money it’s included as part of the establishment fee.
Title Protection Fee
A one-off, non–refundable payment similar to title protection insurance as it protects the lender against loss caused by legal matters relating to the title of the property.
Legal Fee
Covers the cost of solicitors used in all the legal matters for home loan contracts and settlement.
Fees paid upon settlement of your loan
Monthly Administration Fee
A monthly fee for administering the loan and is payable in arrears on the same day each month as the settlement date.
Lender Protection Fee
A one-off non-refundable fee used to offset the risk associated with loans of a higher Loan to Value Ratio (LVR). A bit like LMI it protects lenders against the unfortunate event of a defaulted loan.
Mortgage Risk Fee (MRF)
Similar to LPF, it protects Pepper Money against the unfortunate event of a defaulted loan. There is a slight difference in the way the MRF fee structure is calculated.
Discharge Administration Fee
A fee you pay when you discharge the loan agreement early.
Keen to print or keep hold of this information? You can download the PDF version of this infographic. And if you’re interested in learning more about our home loan fees, then visit our Pepper Home Loans Fees: Fact Sheet.
We're here to help
To find out which Pepper Money home loan product could work for you, or if you just have some questions you’d like answered around our fees and charges, speak to a Lending Specialist on 137 377. We have a variety of flexible home loan solutions whether you’re looking to refinance, buy your first home or add a new property to your portfolio.
Want to find out where you stand?
Need some help with applying for a loan?
Our resources are here to guide you through the process, decipher all that jargon and lend a little helping hand.
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 licensed financial or tax adviser.
All applications for credit are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
Pepper Money Personal Loans is a brand of Pepper Money Limited. Credit is provided by Now Finance Group Pty Ltd, Australian Credit Licence Number 425142 as agent for NF Finco 2 Pty Limited ACN 164 213 030. Personal information for Pepper Money Personal Loans is collected, used and disclosed in accordance with Pepper’s Privacy Policy & the credit provider’s Privacy Policy.
Pepper Money Limited ABN 55 094 317 665; AFSL 286655; Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans.
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