Pepper Money review
Specialist
Best suited for car buyers wanting balloon payment and zero-deposit options across new, used or private-sale vehicles
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
Advertised rates
Personal loans 5.95% - 26.95% p.a. fixed. Car loan rates are quoted per application, not published.
Comparison rate from 5.95% (secured personal)*
Approval speed
Car loan decision within 3 business days (next-day for EV loans); personal loan response in about 2 minutes
Credit-profile fit
Published direct-online criteria are strict: no unpaid defaults or prior bankruptcies (car), no defaults at all on personal loans. Different criteria can apply via broker channels.
Pros & cons
Pros
- $0 deposit and balloon payment options to lower repayments
- Finance up to $150,000 including private sales
- Sole trader and company applicants accepted
- Personal loans carry no fees at all on new loans
- Any vehicle brand, new, used or demo
Cons
- Car loan interest rates are not published online, a quote is required
- $499 establishment plus $8.90 monthly fee on car loans
- Direct online criteria exclude applicants with defaults or past bankruptcy
- Car loan decisions take up to 3 business days, slower than some rivals
Key features
- Car finance up to $150,000 with $0 deposit options
- Balloon payment options up to 50% on newer vehicles
- Terms 1 - 7 years, any brand, dealer or private sale
- Private, sole trader and company applicants accepted
- Personal loans $5,000 - $100,000 with a rate upfront and no credit score impact
Fees
- Car loans: $499 establishment, $8.90 monthly account fee, $8 PPSR fee, $20 account closing fee
- Personal loans: $0 establishment, $0 monthly, $0 early repayment
Frequently asked questions
Who is Pepper Money best suited to?
Based on our review, Pepper Money is best suited for car buyers wanting balloon payment and zero-deposit options across new, used or private-sale vehicles.
What are Pepper Money's rates?
Personal loans 5.95% - 26.95% p.a. fixed. Car loan rates are quoted per application, not published.. Rates and fees are current as at 28 July 2026 and are subject to change by the lender at any time.
What fees does Pepper Money charge?
Car loans: $499 establishment, $8.90 monthly account fee, $8 PPSR fee, $20 account closing fee. Personal loans: $0 establishment, $0 monthly, $0 early repayment.
How fast is Pepper Money's approval?
Car loan decision within 3 business days (next-day for EV loans); personal loan response in about 2 minutes.
What credit profile does Pepper Money accept?
Published direct-online criteria are strict: no unpaid defaults or prior bankruptcies (car), no defaults at all on personal loans. Different criteria can apply via broker channels.
How do I apply through Pepper Money?
Start a Loanseekers enquiry and we compare Pepper Money against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if Pepper Money suits your situation
One enquiry compares Pepper Money against 70+ lenders for your exact position. No obligation, no impact on your credit score to enquire.
This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Rates and fees current as at 28 July 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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