Pepper Money

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Contact: Ashleigh Lowe

Website: advisor.peppermoney.co.nz

Notes: Residential non-bank lender based in Auckland, funded by Westpac. Specializes in residential lending, particularly for credit-impaired first home buyers, self-employed, and investors. No commercial, business, or construction lending. Do claw back up to 18 months. Paying out the IRD and GST payable. Clearing up matrimonial separation agreements, things like that. Caveats. defaults

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Borrower Classification

How the lender classifies/segments borrowers into tiers or suites

  • Rule 1: First home buyers with credit impairments, defaults, judgments, or discharged bankruptcies -> Prime product
  • Rule 2: Self-employed for 6+ months with alt-docs -> Near Prime or Specialist
  • Rule 3: Investors up to 80% LVR -> Prime product
  • Rule 4: Refinance for business equity injection -> Near Prime
  • Rule 5: Real life events like bankruptcy or divorce -> Specialist
  • Rule 6: First home buyers with non-standard income or gifted deposits -> Prime product
  • Rule 7: Self-employed with 6 months GST returns or business bank statements -> Near Prime Alt Doc
  • Rule 8: Self-employed with 12 months financials or accountant's letter -> Near Prime Full Doc
  • Rule 9: Investors using non-CCCFA loan under company name -> Prime or Near Prime
  • Rule 10: First home buyers without genuine savings, using gifted deposits -> Prime product
  • Rule 11: Self-employed with tax debt or GST outstanding -> Near Prime
  • Rule 12: Real life events with significant credit issues -> Specialist
  • Rule 13: Self-employed with newly established business from 6 months NZBN -> Near Prime or Specialist
  • Rule 14: Self-employed seeking to release equity or improve cash flow -> Near Prime or Specialist
  • Rule 15: Company or trust borrowers with income verification -> Near Prime or Specialist
  • Rule 16: Professional investors with no limit on properties -> Prime product
  • Rule 17: Refinancers looking to improve cashflow or release equity with late payments and arrears -> Near Prime or Specialist
  • Rule 18: Borrowers with real life events such as maternity leave, family tax benefits, or child support -> Specialist
TierCriteriaBase Rates
Prime Low risk, clean credit, good income verification Owner Occupier Full Doc: 5.64%
Investor Full Doc: 5.89%
Near Prime Medium risk, some credit issues, alt-docs Owner Occupier Full Doc: 6.2%
Owner Occupier Alt Doc: 6.55%
Investor Full Doc: 6.2%
Investor Alt Doc: 6.55%
Specialist High risk, significant credit issues, short self-employment
LVR Adjustments
LVR RangePremiumNotes
85-90%+0.65% for Prime, +0.9% for Near PrimeLimited funding available, case-by-case basis
Special Flows
Dollar-for-dollar refinance
Refinancing from another non-bank lender
Rate: 5.64% to 6.55% Max LVR: 85%
Warnings
Clawback period: 18 months
No short-term lending or bridging finance
Fees
  • Establishment fee: $749 inclusive of legal and settlement fees
  • Discharge admin fee: $500
  • Monthly admin fee: From $10-$15 per loan split, depending on product
  • Break costs: Break costs are payable on early repayment of more than $10K p.a. on a fixed rate loan, or switching to a different interest rate during the fixed rate period
  • Settlement fee: $749
  • Advisor fee up to 2.25% for non-CCCFA loans
Updated: 2026-03-16

Products

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First Home Buyer Loan 🏠 Residential Non-bank
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Loan Parameters
Amount Range $100,000 - $2,500,000
Max LVR 80.0%
Term 120 ~ 360 months
Interest Rate 6.6% - 7.0%
Payment Types principal_and_interest
Turnaround 72h (3d)
Eligibility Criteria
Min Credit Score -
Min Trading -
Min Turnover -
Property ownership Required
Security Types residential
Security-LVR Rules
TypeMax LVRNotes
Residential 80% unlimited money
Residential 85% a smaller bucket
Residential 90% a very small bucket of funding
Payment-Term Rules
TypeMinMax
Principal And Interest 120mo 360mo
Interest Only - 60mo
Fees & Charges
Establishment Fee -
Documentation Fee -
Monthly Fee -
Line Fee -
Settlement fee of $749, capitalized onto the loan.
Additional Details
Credit History Defaults, judgments, discharged bankrupt accepted.
Security First mortgage only
Documents Credit report, Income verification, Mortgage statements
Industry None
Targets first home buyers with credit impairments, gifted deposits, and non-standard income. Up to 90% LVR with limited funding above 85%.
Self-Employed Loan 🏠 Residential Non-bank
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Loan Parameters
Amount Range $100,000 - $2,500,000
Max LVR 80.0%
Term 120 ~ 360 months
Interest Rate 6.2% - 6.55%
Payment Types principal_and_interest
Turnaround 72h (3d)
Eligibility Criteria
Min Credit Score -
Min Trading -
Min Turnover -
Property ownership Required
Security Types residential
Security-LVR Rules
TypeMax LVRNotes
Residential 80%
Payment-Term Rules
TypeMinMax
Principal And Interest 120mo 360mo
Interest Only - 60mo
Fees & Charges
Establishment Fee -
Documentation Fee -
Monthly Fee $10/mo
Line Fee -
Settlement fee of $749, capitalized onto the loan.
Additional Details
Credit History None
Security First mortgage only
Documents 1 or 2 years tax returns, notice of assessment, 6 months GST101 Returns statements, 6 months business bank statements, Accountant’s Letter
Industry None
Alt-Doc options available for self-employed with 6 months trading. Can refinance tax and business debts.
Investor Loan 🏠 Residential Non-bank
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Loan Parameters
Amount Range $100,000 - $2,500,000
Max LVR 80.0%
Term - ~ 360 months
Interest Rate 5.64% - 5.89%
Payment Types principal_and_interest
Turnaround 72h (3d)
Eligibility Criteria
Min Credit Score -
Min Trading -
Min Turnover -
Property ownership Required
Security Types residential
Payment-Term Rules
TypeMinMax
Principal And Interest 120mo 360mo
Interest Only - 60mo
Fees & Charges
Establishment Fee -
Documentation Fee -
Monthly Fee -
Line Fee -
Settlement fee of $749, capitalized onto the loan.
Additional Details
Credit History Clean credit preferred
Security First mortgage only
Documents Tenancy agreement, Rental appraisal
Industry None
No loading for professional investors. OFI debts taken at actual payments. No notional rent. Inheritance and income from a trust considered. No additional fees for investors. Non-CCCFA investor loan available for company-owned properties.
Refinance & Debt Consolidation 🏠 Residential Non-bank
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Loan Parameters
Amount Range $100,000 - $2,500,000
Max LVR 85.0%
Term - ~ 360 months
Interest Rate 5.64% - 6.55%
Payment Types principal_and_interest
Turnaround 72h (3d)
Eligibility Criteria
Min Credit Score -
Min Trading -
Min Turnover -
Property ownership Required
Security Types residential
Fees & Charges
Establishment Fee -
Documentation Fee -
Monthly Fee -
Line Fee -
Settlement fee of $749, capitalized onto the loan.
Additional Details
Credit History Late payments and arrears
Security First mortgage only
Documents Income verification, Mortgage statements
Industry None
Cash out up to 80% LVR, Late payments and arrears, Private and solicitor finance, Caveat loans and court orders, Unlimited debt consolidation. Focus on refinancing bank loans, debt consolidation, and IRD/GST payouts. Minimum stay of 18 months recommended. refinance to get back on track, improve cashflow or release equity.
Real Life Events Loan 🏠 Residential Non-bank
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Loan Parameters
Amount Range $100,000 - $2,500,000
Max LVR 85.0%
Term 120 ~ 360 months
Interest Rate 5.64% - 10.75%
Payment Types interest_only,principal_and_interest
Turnaround 72h (3d)
Eligibility Criteria
Min Credit Score -
Min Trading -
Min Turnover -
Property ownership Required
Security Types residential
Payment-Term Rules
TypeMinMax
Interest Only - 60mo
Fees & Charges
Establishment Fee -
Documentation Fee -
Monthly Fee -
Line Fee -
Additional Details
Credit History Defaults and judgements, Court writs and summons, Arrears or late payments, Discharged bankruptcy (1 day)
Security First mortgage. Residential properties only
Documents None
Industry None
Assists those with life events affecting credit, such as bankruptcy or divorce. Interest rates vary based on risk. Interest Only max 5 years followed by Principal and Interest. Maternity leave • Family tax benefit A&B • Child support (no age limit) • W&l Benefits
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