RateGapevery home loan rate lenders publish, compared

Pepper Money home loan rates

Pepper Money's lowest advertised variable rate for a home you live in and pay down is 6.99%, if you owe up to 65% of the home’s value. It was read Monday 2 November, and is 1.14 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 7.49%, fixed for two years.

Since the Reserve Bank’s increase on Tuesday 29 September, Pepper Money has raised its lowest advertised variable rate from 6.74% to 6.99%. The change was first seen Saturday 10 October. After the Reserve Bank’s increase has every lender.

1,512 advertised rates across 18 products, published by Pepper Money under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed.

Where it sits

6.99% Pepper Money, lowest variable rate if you owe up to 65%

5.85% The going rate

1.14 percentage points above the going rate

The going rate is the lowest rate at least three lenders reach, so one lender's odd price cannot set it.

Both are advertised new-customer rates. A negotiated discount is in neither. Read your own rate against this.

Lowest variable rate, if you owe up to 65%: 6.99%
Lowest fixed rate: 7.49%, two years
Lowest comparison rate: 7.17%
Rates published: 1,512, across 18 products
Last rate move: Friday 9 October
Last read: Monday 2 November

For a home you live in and pay down. The other loan types are in the tables below.

Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value.

Owner-occupied, principal and interest

Variable

Prime Home Loan - Prime Full Doc · owe up to 55% · 6.99% (7.17% with fees)
Prime Home Loan - Prime Full Doc · owe 55.01–65% · 6.99% (7.17% with fees)
Prime Home Loan - Prime Full Doc · owe 65.01–70% · 7.24% (7.42% with fees)
Prime Home Loan - Prime Full Doc · owe 70.01–75% · 7.34% (7.52% with fees)
Prime Home Loan - Prime Full Doc · owe 75.01–80% · 7.34% (7.52% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe up to 55% · 7.49% (7.75% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 55.01–65% · 7.49% (7.75% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 65.01–70% · 7.59% (7.85% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 70.01–75% · 7.69% (7.95% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 75.01–80% · 7.79% (8.05% with fees)
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe up to 50% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 50.01–60% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 60.01–65% · 8.04%
Prime Home Loan - Prime Full Doc · owe 80.01–85% · 8.24% (8.42% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 80.01–85% · 8.29% (8.55% with fees)
Prime Home Loan - Prime Full Doc · owe 85.01–90% · 8.54% (8.72% with fees)
Prime Home Loan - Prime Full Doc · owe 90.01–95% · 8.64% (8.82% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe up to 50% · 8.79%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 50.01–60% · 8.79%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 85.01–90% · 8.79% (9.05% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 60.01–65% · 8.84%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 90.01–95% · 8.89% (9.15% with fees)

Fixed

Prime Home Loan - Prime Full Doc · two years · owe up to 55% · 7.49% (7.28% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 55.01–65% · 7.49% (7.28% with fees)
Prime Home Loan - Prime Full Doc · three years · owe up to 55% · 7.59% (7.35% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 55.01–65% · 7.59% (7.35% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 65.01–70% · 7.74% (7.53% with fees)
Prime Home Loan - Prime Full Doc · five years · owe up to 55% · 7.79% (7.54% with fees)
Prime Home Loan - Prime Full Doc · five years · owe 55.01–65% · 7.79% (7.54% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 70.01–75% · 7.84% (7.62% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 75.01–80% · 7.84% (7.62% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 65.01–70% · 7.84% (7.60% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 70.01–75% · 7.94% (7.70% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 75.01–80% · 7.94% (7.70% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 80.01–85% · 8.74% (8.53% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · two years · owe 80.01–85% · 8.79% (8.66% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 85.01–90% · 9.04% (8.83% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 90.01–95% · 9.14% (8.93% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 85.01–90% · 9.14% (8.91% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 90.01–95% · 9.24% (9.01% with fees)

Showing 40 of 234 rates for this profile, lowest rate first. Every band Pepper Money prices in appears above. The 194 not shown are more rates inside those same bands — a different product, or a different fixed term. All of them are in the data.

Owner-occupied, interest only

160 rates

Variable

Prime Home Loan - Prime Full Doc · owe up to 55% · 7.29% (7.29% with fees)
Prime Home Loan - Prime Full Doc · owe 55.01–65% · 7.29% (7.29% with fees)
Prime Home Loan - Prime Full Doc · owe 65.01–70% · 7.54% (7.54% with fees)
Prime Home Loan - Prime Full Doc · owe 70.01–75% · 7.64% (7.64% with fees)
Prime Home Loan - Prime Full Doc · owe 75.01–80% · 7.64% (7.64% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe up to 55% · 7.79% (7.87% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 55.01–65% · 7.79% (7.87% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 65.01–70% · 7.89% (7.97% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 70.01–75% · 7.99% (8.07% with fees)
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe up to 50% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 50.01–60% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 60.01–65% · 8.04%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 75.01–80% · 8.09% (8.17% with fees)
Prime Home Loan - Prime Full Doc · owe 80.01–85% · 8.54% (8.55% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 80.01–85% · 8.59% (8.68% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe up to 50% · 8.79%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 50.01–60% · 8.79%
Prime Home Loan - Prime Full Doc · owe 85.01–90% · 8.84% (8.85% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 60.01–65% · 8.84%
Prime Home Loan - Prime Full Doc · owe 90.01–95% · 8.94% (8.95% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 85.01–90% · 9.09% (9.18% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 90.01–95% · 9.19% (9.28% with fees)

Fixed

Prime Home Loan - Prime Full Doc · two years · owe up to 55% · 7.79% (7.33% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 55.01–65% · 7.79% (7.33% with fees)
Prime Home Loan - Prime Full Doc · three years · owe up to 55% · 7.89% (7.42% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 55.01–65% · 7.89% (7.42% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 65.01–70% · 8.04% (7.58% with fees)
Prime Home Loan - Prime Full Doc · five years · owe up to 55% · 8.09% (7.65% with fees)
Prime Home Loan - Prime Full Doc · five years · owe 55.01–65% · 8.09% (7.65% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 70.01–75% · 8.14% (7.68% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 75.01–80% · 8.14% (7.68% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 65.01–70% · 8.14% (7.67% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 70.01–75% · 8.24% (7.78% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 75.01–80% · 8.24% (7.78% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 80.01–85% · 9.04% (8.59% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · two years · owe 80.01–85% · 9.09% (8.71% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 85.01–90% · 9.34% (8.89% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 90.01–95% · 9.44% (8.99% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 85.01–90% · 9.44% (9.00% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 90.01–95% · 9.54% (9.09% with fees)

Showing 40 of 160 rates for this profile, lowest rate first. Every band Pepper Money prices in appears above. The 120 not shown are more rates inside those same bands — a different product, or a different fixed term. All of them are in the data.

Investment, principal and interest

234 rates

Variable

Prime Home Loan - Prime Full Doc · owe up to 55% · 7.19% (7.37% with fees)
Prime Home Loan - Prime Full Doc · owe 55.01–65% · 7.19% (7.37% with fees)
Prime Home Loan - Prime Full Doc · owe 65.01–70% · 7.44% (7.62% with fees)
Prime Home Loan - Prime Full Doc · owe 70.01–75% · 7.54% (7.72% with fees)
Prime Home Loan - Prime Full Doc · owe 75.01–80% · 7.54% (7.72% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe up to 55% · 7.84% (8.10% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 55.01–65% · 7.84% (8.10% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 65.01–70% · 7.94% (8.20% with fees)
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe up to 50% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 50.01–60% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 60.01–65% · 8.04%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 70.01–75% · 8.04% (8.30% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 75.01–80% · 8.14% (8.40% with fees)
Prime Home Loan - Prime Full Doc · owe 80.01–85% · 8.44% (8.62% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 80.01–85% · 8.64% (8.90% with fees)
Prime Home Loan - Prime Full Doc · owe 85.01–90% · 8.74% (8.92% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe up to 50% · 8.79%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 50.01–60% · 8.79%
Prime Home Loan - Prime Full Doc · owe 90.01–95% · 8.84% (9.02% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 60.01–65% · 8.84%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 85.01–90% · 9.14% (9.40% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 90.01–95% · 9.24% (9.50% with fees)

Fixed

Prime Home Loan - Prime Full Doc · two years · owe up to 55% · 7.69% (7.47% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 55.01–65% · 7.69% (7.47% with fees)
Prime Home Loan - Prime Full Doc · three years · owe up to 55% · 7.79% (7.55% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 55.01–65% · 7.79% (7.55% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 65.01–70% · 7.94% (7.72% with fees)
Prime Home Loan - Prime Full Doc · five years · owe up to 55% · 7.99% (7.74% with fees)
Prime Home Loan - Prime Full Doc · five years · owe 55.01–65% · 7.99% (7.74% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 70.01–75% · 8.04% (7.83% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 75.01–80% · 8.04% (7.83% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 65.01–70% · 8.04% (7.80% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 75.01–80% · 8.14% (7.90% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 70.01–75% · 8.14% (7.90% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 80.01–85% · 8.94% (8.73% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 80.01–85% · 9.04% (8.81% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 85.01–90% · 9.24% (9.03% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 90.01–95% · 9.34% (9.13% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 85.01–90% · 9.34% (9.11% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 90.01–95% · 9.44% (9.21% with fees)

Investment, interest only

160 rates

Variable

Prime Home Loan - Prime Full Doc · owe up to 55% · 7.49% (7.49% with fees)
Prime Home Loan - Prime Full Doc · owe 55.01–65% · 7.49% (7.49% with fees)
Prime Home Loan - Prime Full Doc · owe 65.01–70% · 7.74% (7.75% with fees)
Prime Home Loan - Prime Full Doc · owe 70.01–75% · 7.84% (7.84% with fees)
Prime Home Loan - Prime Full Doc · owe 75.01–80% · 7.84% (7.84% with fees)
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe up to 50% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 50.01–60% · 8.04%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Full Doc · owe 60.01–65% · 8.04%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe up to 55% · 8.14% (8.22% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 55.01–65% · 8.14% (8.22% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 65.01–70% · 8.24% (8.32% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 70.01–75% · 8.34% (8.42% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 75.01–80% · 8.44% (8.53% with fees)
Prime Home Loan - Prime Full Doc · owe 80.01–85% · 8.74% (8.75% with fees)
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe up to 50% · 8.79%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 50.01–60% · 8.79%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Full Doc · owe 60.01–65% · 8.84%
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 80.01–85% · 8.94% (9.03% with fees)
Prime Home Loan - Prime Full Doc · owe 85.01–90% · 9.04% (9.05% with fees)
Prime Home Loan - Prime Full Doc · owe 90.01–95% · 9.14% (9.15% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 85.01–90% · 9.44% (9.53% with fees)
Non-Conforming Home Loan - Near Prime Clear Full Doc · owe 90.01–95% · 9.54% (9.63% with fees)

Fixed

Prime Home Loan - Prime Full Doc · two years · owe up to 55% · 7.99% (7.53% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 55.01–65% · 7.99% (7.53% with fees)
Prime Home Loan - Prime Full Doc · three years · owe up to 55% · 8.09% (7.63% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 55.01–65% · 8.09% (7.63% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 65.01–70% · 8.24% (7.78% with fees)
Prime Home Loan - Prime Full Doc · five years · owe up to 55% · 8.29% (7.86% with fees)
Prime Home Loan - Prime Full Doc · five years · owe 55.01–65% · 8.29% (7.86% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 70.01–75% · 8.34% (7.88% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 75.01–80% · 8.34% (7.88% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 65.01–70% · 8.34% (7.88% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 75.01–80% · 8.44% (7.99% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 70.01–75% · 8.44% (7.99% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 80.01–85% · 9.24% (8.79% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 80.01–85% · 9.34% (8.89% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 85.01–90% · 9.54% (9.09% with fees)
Prime Home Loan - Prime Full Doc · two years · owe 90.01–95% · 9.64% (9.19% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 85.01–90% · 9.64% (9.20% with fees)
Prime Home Loan - Prime Full Doc · three years · owe 90.01–95% · 9.74% (9.30% with fees)

Restricted to particular groups

Product	Who it is for	Rate
Prime Home Loan - Prime Alt Doc	a particular group only, per its published conditions	7.19%
Non-Conforming Home Loan - Near Prime Clear Alt Doc	a particular group only, per its published conditions	7.94%
Non-Conforming Home Loan - Near Prime Alt Doc	a particular group only, per its published conditions	8.14%
Prime Construction Loan - Prime Full Doc	a particular group only, per its published conditions	8.59%
Prime Construction Loan - Prime Alt Doc	a particular group only, per its published conditions	8.59%
Prime Non-standard regulated consumer loan (CRE Loan) - Prime Alt Doc	a particular group only, per its published conditions	8.69%
Non-Conforming Construction Loan - Near Prime Full Doc	a particular group only, per its published conditions	8.89%
Non-Conforming Construction Loan - Near Prime Alt Doc	a particular group only, per its published conditions	8.89%
Non-Conforming Home Loan - Specialist Alt Doc	a particular group only, per its published conditions	9.19%
Near Prime Non-standard regulated consumer loan (CRE Loan) - Near Prime Alt Doc	a particular group only, per its published conditions	9.19%
Non-Conforming Home Loan - Specialist Plus Alt Doc	a particular group only, per its published conditions	10.39%

The data says a product is restricted. It never says whether you would get it. On the comparison every one of these can be put back with a click, and every figure is worked out again.

What changed

Pepper Money last moved a rate on Friday 9 October. Every rate is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Beside it

Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 85 publish a lower one than Pepper Money's 6.99%. The nearest either side:

Mortgage Ezy 6.99%
ORDE Financial 6.99%
Pepper Money 6.99%
The Mac 6.99%
La Trobe Financial 7.04%

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what Pepper Money told you, it is usually one of these.

The published data is wrong

Pepper Money publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source. If the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: Pepper Money
ABN: 55094317665
Product Reference Data endpoint: https://api.openbanking.prod.peppermoney.com.au
Data read from that endpoint on: Sunday 1 November
Rate lines published at that time: 1512

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

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This page reads it wrongly

The rate is published correctly and this page has misread it. A band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not: that one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Tell me through the feedback box. The data behind every page here is free to download if you would rather check it yourself first.

The other questions

Are you paying more than you need to? your rate against every lender publishing one
How fast should you pay it off? term, extra repayments, interest only
Don't have a loan yet? what to look at before you pick one
What does each lender advertise? every lender that publishes rates, a page each
What moved this week? which lenders changed an advertised rate
Where do these numbers come from? every published rate, and how fresh it is

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.