Pepper has extended its prime product range, with customers now able to borrow from 4.85 per cent at up to 85 per cent LVR.
The Pepper Essential product range, which was launched in early 2014, has been extended to include Essential PLUS full-doc and PLUS alternative-doc home loans.
Clients can borrow up to $850,000 with LVRs of up to 85 per cent with the enhanced Essential range.
The non-bank lender has also decided to waive LMI and lender protection fees for loans up to $500,000, although this offer only applies for a limited time.
Pepper’s director of sales & distribution, Mario Rehayem, said the expanded prime product range would allow brokers to offer borrowers more options.
“Since its launch in January, Pepper Essential has proved a winning option for brokers and borrowers alike,” he said.
“Adding a new 85 per cent LVR offering has come about as a response to demand from brokers.
“At Pepper, we are committed to helping brokers improve their conversion rates and assisting them in satisfying borrowers excluded from traditional lenders.
“We’re confident these new additions to our Essential range will further demonstrate to brokers that Pepper truly is a one-stop shop, offering a complete range of loans from prime to specialist.”
Mr Rehayem also said that all Essential products would still be manually assessed and would receive same-day turnaround for new applications lodged before 1pm eastern standard time.