Ready to take the next step?
Get your personalised rate and response in minutes. Then, if your application is approved, you can start booking your tradies today!
Personal loans are pretty versatile: From a kitchen remodel to bathroom renovations.
Love your house, but dreaming of a new bedroom or home office? Or maybe you’re looking to do some landscaping. Whatever your renovation aspirations, our personal loan for renovations could help turn your home improvement dreams into a reality. With loan amounts of up to $50,000 available, you could breathe new life into your home today and spread the cost over the next few years.
Budgeting is an important part of kicking off your home renovation. First up, it could be a good idea to get quotes from multiple suppliers and tradies to ensure you’re getting the best deal. Taking out a fixed rate personal loan could also be a way to ensure cash flow throughout the project and manage your upfront costs. You’ll be able to rest easy knowing exactly what your repayments will be.
Why choose a Pepper Money Personal Loan?
No fees~ - for the life of your loan
Find out your personalised rate without impacting your credit score
Secured interest rates starting from 6.75%p.a. comparison rate*
Looking at spending over $50k?
If you're thinking of making some serious adjustments and changes to your property, then refinancing your home loan could be an option.
What could my personal loan repayments look like
This personal loan repayment calculator gives you an estimate of what your personal loan repayments could be, based on information you have provided in the calculator. It is to be used as a guide only and does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it.
$ Your indicative interest rate is*
$ Your estimated repayment is
Ready to take the next step? Get your individual rate upfront without impacting your credit score.
This personal loan repayment calculator gives you an estimate of what your personal loan repayments could be, based on information you have provided in the calculator. It is to be used as a guide only and does not constitute a quote, pre-qualification, approval for credit or an offer for credit and you should not enter commitments based on it.
Get your personalised rate in just minutes. What's more, it won't affect your credit score.
Secured personal loans starting from
6.75
%
p.a.
Starting rate
6.75
%
p.a.
Comparison rate*
Get to know our renovation loan option
Secured or Unsecured?
Secured personal loans generally have lower interest rates than unsecured personal loans as the lender will lodge a security interest over the asset. If you don’t pay the loan, the lender may have the right to repossess the asset.
Find out more on our fact sheet, or call us on 1300 108 794.
Secured Personal Loan
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Interest rates
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Secured fixed interest rates and comparison rates from 6.50% - 18.95% p.a.*
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Application process
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10 minutes online, or call us on 1300 108 794
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Loan term
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18 -84 months^
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Loan amount
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$15,000 - $50,000
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Funds availability
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Next business day following approval (subject to your bank's direct credit processing times)
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Repayment type & frequency
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Pay by Direct Debit in weekly or fortnightly installments
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Fees and charges
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We don't charge any fees
- Loan establishment fee | $0
- Account administration fee | $0
- Early repayment fee | $0
- Security registration fee | $0
Unsecured Personal Loan
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Interest rate
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Unsecured fixed interest rates and comparison rates from 6.75% - 20.95% p.a.*
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Application process
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10 minutes online, or call us on 1300 108 794
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Loan term
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18 -84 months^
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Loan amount
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$5,000 - $50,000
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Funds availability
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Next business day following approval (subject to your bank's direct credit processing times)
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Repayment type & frequency
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Pay by Direct Debit in weekly or fortnightly installments
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Fees and charges
-
We don't charge any fees
- Loan establishment fee | $0
- Account administration fee | $0
- Early repayment fee | $0
What others are asking about personal loans
Unfortunately at this time we do not accept applications for personal loan borrowers that have defaults on their credit report.
If you've chosen to take out a personal loan to consolidate your debts, then once your personal loan is settled, the funds will be disbursed into your bank account. It's a condition of the loan that you must repay the credit card debts within two days of the loan funds reaching your account.
A secured loan is secured against an asset you own. This could be your car or another vehicle that can be registered as security against the loan. However, if you repeatedly fail to make repayments and default on a secured loan, the asset used as security may be repossessed and sold. The proceeds of the sale will be used to cover the outstanding balance on your loan. Due to these loans being secured against assets, consumers can often borrow more at a lower interest rate, in comparison to an unsecured loan.
An unsecured loan is simply a personal loan that is not secured against an asset. Unsecured loans are usually offered at lower borrowing amounts and with a higher interest rate.
Pepper Money offers both unsecured and secured personal loans.
Yes, however the way our application process works is we first allow you to access your individual rate for free without it affecting your credit score. If you decide to proceed to an application, a credit check will be done.
You can use your Pepper Money personal loan for almost all purposes. This could be anything from a holiday, home improvements, household furnishings, car purchase or repairs, auto upgrades, debt consolidation, educational expenses, medical and cosmetic surgery, dental surgery, mortgage cost funding, vehicle deposit funding, and even a wedding, funeral or sporting equipment.
We do not offer loans for the following purposes:
- Debt consolidation of Pay Day lender debts
- Payout
- Rental
- Mortgage and credit arrears
- Payment of defaults and judgements
- Loans for business purposes
The important legal bits
Information and interest rates are correct as of 13 September 2023 and subject to change at any time.
All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms and conditions, fees and charges apply.
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.
~ ‘No fees’ only applies to new loans. If you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances.
* Pepper Money Unsecured Personal Loan interest rates range from 6.75%-26.95% p.a. (Comparison rates range from 6.75%-26.95% p.a.) and Secured Personal Loan interest rates range from 6.75%-21.65% p.a. (Comparison rates range from 6.75%-21.65% p.a.). The actual interest rate applicable will depend on the individual borrower’s circumstances and the information verified during the loan application assessment.
^ Loan repayment terms range from 18 to 84 months for secured loans. Repayment terms range from 18 to 36 months for unsecured loans between $5,000 and $7,999, and 18 to 84 months for unsecured loans from $8,000 to $50,000.
Comparison rate is calculated based on a secured loan of $30,000 and a term of 5 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.
