Red Hot Alternatives for self-employed clients


Posted: 06-05-2024

We’re expanding our home loan options!

Reduced income verification 

We’re streamlining the process by reducing the number of required income verification documents (Accountant’s Letter, BAS or Business Bank Statements) to one for our Prime Alt Doc option. We know that self-employed clients are a little different when it comes to demonstrating income, and with this change, you can assist more clients by providing a single verification of income across all of our home loan options.  


Increasing max loan amount

Clients looking to take advantage of their borrowing capacity? We’ve increased our max loan amounts across Prime Alt Doc and Full Doc options. Your clients can borrow up to:

  • Up to $1.25 million Sydney and Melbourne.
  • 80% LVR for loans up to $1.5million for Category 1 and 2 securities on our Prime Alt Doc option.
  • 80% LVR with a max loan amount of $2million on our Prime Full Doc option. 


Vacant land 

With significant demand for vacant land, we’re enabling brokers to help more clients with it now offered on Near Prime Clear Alt Doc and Near Prime Alt Doc loan options. We’re also increasing our max LVR to 80% for Category 1 and 2 locations. 


Servicing calculator 

To simplify income calculations for self-employed applicants, we've updated our servicing calculator to include worksheets relating to their income, including BAS and Business Bank Statements calculations.


Deal on your desk? Give it the Pepper Money non-bank test. 

Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. 

© Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647.

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