Red Hot Rates Package

We all know that there are people doing it tough – many are mortgage stressed. Whether they’re struggling financially or looking to make their dream real, they need help.

Having options can be such a relief. That’s why we’ve developed a red hot rates package – so you can help those clients get ahead.

Interest Rates

Select variable rates reduced¹. No loadings for fixed rates for 2, 3 & 5 years².

Buffer Rates

2% Serviceability buffer. Additional options for select scenarios. T&Cs apply.

Turnaround Rates

Get a quick decision from the team.

Got a deal on your desk? Give it the non-bank test!

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Access PPS

Our Red Hot interest rates:

Until 15 August 2024:

Variable rates

Access Red Hot savings between 10 to 75bps for select LVR bands and loan options¹. Promotion applies to:

Near Prime Clear Full Doc option: >80 – 95% LVR
Near Prime Clear Alt Doc option: >80% - 90% LVR
Near Prime Full Doc option: >75 -80% LVR
Near Prime Alt Doc option: >70% -85% LVR

Fixed rates

Give your clients certainty at a Red Hot rate. Lock in today’s variable rate for 2, 3 and 5 years, across Prime to Specialist loan options with no additional loading². Plus, with no break fees, it’s a no brainer.

To lock in these interest rates for 90 days from Final Approval, submit the Fixed Interest Rate Lock Authority Request form (fees apply³).

Help more clients with our comprehensive range of policy options

A broad range of acceptable income
Up to 40-year loan terms
Up to 5 years interest-only
Late repayments and mortgage arrears.
Defaults, Part 9 & 10 agreements and discharged bankruptcy
No limit to debt consolidation or cash out (subject to LVR and lending limits)

Talk to us about workshopping any client’s situation, anytime

Residential Rates & Fees

View our red hot residential home loan rates, options and fees.

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Servicing Calculator

Calculate your client's serviceability estimate prior to application.

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Scenarios

Submit your home loan scenarios and get a quick review from us.

Submit a scenario

Information is correct as of 8 April 2024 and subject to change at any time.

Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Promotions are subject to change and may be varied or withdrawn at any time. Applications lodged after the Promotion period will be offered the current interest rates then applicable.

¹Variable interest rate promotion (Promotion) applies to select LVRs for new Near Prime Clear and Near Prime home loan applications. Refer to the rate card for our full range of interest rates and fees. Applications must be submitted between 12:00 am AEST 8 April 2024 and 11:59 pm AEST 27 June 2024.

²Pepper Money’s fixed interest rate promotion is only available for new home loan applications not previously submitted. Applications must be submitted between 12:00 am AEST 8 April 2024 until 11:59 pm AEST 27 June 2024. To lock in the interest rate at Final Approval, a fixed rate authority lock form must be submitted (fees apply³).

³There is a non-refundable, minimum fee of $750 per home loan application 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.

Don’t miss out on our Red Hot Rates Package!