Meet Kevin...

Kevin*, 45, a full-time teacher wants to purchase a convertible car.

Man rides car that he bought using a personal loan



  • Kevin*, 45, has been working as a full-time teacher for the past 15 years. 
  • He currently rents his property.
  • Due to personal circumstances, Kevin has missed repayments on his credit card and has received a couple of debt collection orders in the past 24 months. 


His current situation

  • Kevin wants to purchase a new convertible car
  • Kevin has managed to meet all of his car and credit card repayments recently, resulting an improvement to his credit score.
  • He is now stable financially; able to provide a rental history along side his full time income. 

Real life solution

  • Because Kevin had maintained repayments on his current car loan, Pepper Money was able to offer an unsecured personal loan, with no fees**. This  allows for:
    • Cars, boats, caravans and motorbikes to be financed

    • Loan terms between 18- 84 months

    • Loan amounts between $5,000 and $50,000

    • Applying with an Equifax Comprehensive score >419 (after the personal loan credit enquiry)


Personal loan used for car finance

No fee personal loans - Help your clients make their goals a reality

Apply online or get your client's individual rate upfront without it impacting their credit score.

All applications are subject to Pepper Money's normal credit assessment, loan suitability criteria and lending limits. Terms, conditions, fees and charges apply.
* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are 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. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
**No fees apply. However, we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances.
^The personalised interest rate may change if incorrect personal information or security details are provided.  In some circumstances, the credit provider may require further information in order to provide a personalised interest rate.

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