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Non-bank lender rolls out broker offer

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Reporter 5 minute read

Pepper Money has launched a new offer for brokers and their prime and near-prime customers.

The non-bank lender has announced that brokers will be able to offer their customers discounted interest rates offered in various LVR bands across Pepper Money’s prime and near-prime products, for both full documentation and alternative documentation customers (excluding construction loans). 

As such, brokers can offer their prime home loan customers rates from 3.36 per cent p.a. (3.56 per cent p.a. comparison rate). 

Meanwhile, brokers will also be able to access near-prime rates from 4.26 per cent p.a. (4.76 per cent p.a. comparison rate). 

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The offer will run until 30 August 2019. 

Aaron Milburn, director of sales and distribution for Pepper Money, commented: “Our goal at Pepper is to help more families and more people achieve the goal of home ownership in Australia. And we know that in real life, the right rate can make all the difference. 

“We are committed to providing brokers and their customers with flexible and competitive home loan products to help them achieve their goals. That’s why we offer real-life solutions for all sorts of real-life situations,” Mr Milburn added.

The announcement comes after Pepper Money reduced its variable interest rate for existing customers by 20 basis points last month, following the central bank’s cash rate decision.

This was in addition to the 0.25 percentage point rate cut Pepper Money announced last month.  

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[Related: Lenders continue to cut rates]

 

Non-bank lender rolls out broker offer
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