Pepper joins Lendi’s Approval Confidence panel

This estimation is developed from an analysis of a user’s credit profile and personal information. 

Under this partnership, Pepper Money’s (Pepper) loan options will be made available through Lendi’s platform, with the non-bank stating it will be able to respond to customers “within seconds”. 

As confirmed by a Pepper spokesperson, this partnership operationally launched on 1 April.

Currently, there are five lenders with Lendi’s tool, including Pepper.

Speaking of the partnership, Pepper general manager, mortgages and commercial lending Barry Saoud commented that this step will “empower a more diverse set of Australian borrowers with certainty when applying for a loan”. 

“For Pepper Money, the integration means more borrower segments with unique circumstances will have a greater sense of certainty and confidence when they’re looking at their home loan options available to them through the Lendi Group network,” Mr Saoud said.

Mr Saoud added that the decision to partner with Lendi and its Approval Confidence product was also tied to the recognition that both borrowers and brokers “want a flexible, fast, and transparent loan application process with no surprises”, and that it aligned with the non-bank’s approach to invest in its digital potential. 

“Plugging into industry-leading platforms and investing in our own digital capabilities has been key to delivering great outcomes for our broker partners, their customers, and the ongoing success of Pepper Money – ensuring we maintain our market-leading value proposition in the lending landscape,” Mr Saoud said. 

Lendi chief executive of distribution Brad Cramb said the group was “thrilled to have Pepper Money on board” as the first non-bank lender to integrate with the Approval Confidence product. 

“We know people can feel overwhelmed and vulnerable throughout the home loan process and we are helping to rectify this by giving borrowers more information and a greater sense of certainty without jeopardising their credit score,” Mr Cramb said.

The non-bank’s confirmation of this partnership comes less than a month after it confirmed it had added three new leadership positions to focus on its broker presence. 

As per the non-bank, two new regional leadership roles are devoted to overseeing Pepper’s BDM presence. 

Further, the lender confirmed that it had also appointed a new role to identify “new opportunities to gain market share” across Victoria. 

[Related: Pepper confirms new regional, state leadership roles]