Rating based on 10 reviews

Pepper Money Car Loan

  • Car loans up to $200,000
  • Low-interest starting from 8.29%
  • Repayment up to 7 years

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Pepper Money homepage
Author Pepper Money. Screenshot of Pepper Money website.
[Accessed July 5, 2023]

About Pepper Money

Since its establishment in 2000, Pepper Money has blossomed into an esteemed trailblazer, offering unparalleled financial solutions that empower Australians to seize the reins of their dreams.

With a steadfast commitment to understanding the realities of everyday life, Pepper Money has become one of the largest and most trusted non-bank lenders in Australia and New Zealand, receiving widespread recognition for their exceptional services.

A multifaceted approach to lending

Pepper Money is renowned for its diverse range of lending options, tailored to suit the unique needs of individuals. Whether it's securing a home, purchasing a car, financing equipment and assets, or seeking personal loans, they offer an extensive portfolio of real-life loan solutions.

A new era of financial institutions

As a non-bank lender, Pepper Money distinguishes itself from traditional financial institutions. Instead of relying on customer deposits, their loans are funded through debt capital markets, a groundbreaking approach that enhances their flexibility and adaptability. This innovative strategy is a testament to Pepper Money's commitment to finding new ways to support their customers' financial aspirations.

Pioneering sustainable finance solutions

Pepper Money is not content with just providing financial solutions; they're at the forefront of sustainable finance. Their industry-leading electric vehicle (EV) financing enables more Australians to embrace low-emission vehicles, with Pepper Money currently financing 1 in 9 EVs sold in the country.

As proud members of the EV Council of Australia, they actively promote the adoption of sustainable transportation. Furthermore, their commercial solar financing program makes solar panels and sustainable energy resources accessible and affordable, contributing to a greener future for all.

Empowering communities and making a difference

Pepper Money understands the significance of community engagement and social responsibility. Through strategic partnerships with organisations like Women's and Girls Emergency Centre (WAGEC) and Panthers on the Prowl, they actively contribute to addressing social issues.

By providing support and shelter to women experiencing homelessness, domestic violence, and other disadvantages, they empower individuals to rebuild their lives. Their involvement with Panthers on the Prowl fosters mentorship and provides better opportunities for young people in Western Sydney. These partnerships align with Pepper Money's core values and have a tangible, positive impact on their respective communities.

Collaboration for success

Pepper Money believes in the power of collaboration and partnership. Their dedicated network of brokers and asset finance introducers forms the backbone of their business, mutually supporting and expanding each other's horizons. Additionally, strategic alliances with third-party servicing providers ensure seamless back-end functionality, allowing Pepper Money to deliver exceptional service to its customers.

Empowering Australians and leading the way in reshaping financial goals

Pepper Money is a transformative force in the financial sector, revolutionising the way Australians approach their financial goals. With a multifaceted approach to lending, a commitment to sustainable finance, and a dedication to community engagement, they have positioned themselves as a leading non-bank lender.

Pepper Money Services

With the aim of meeting diverse financial goals, Pepper Money provides a comprehensive range of loan terms spanning from 1 to 7 years.

This empowers borrowers to select a repayment period that aligns perfectly with their budgetary requirements and long-term financial objectives. Whether you seek shorter loan terms accompanied by higher monthly repayments or prefer longer terms with lower repayments, Pepper Money offers a variety of options tailored to suit their specific needs.

Seamless repayments for your convenience

Managing your Pepper Money car loan repayments should be hassle-free. With them, you can enjoy the convenience of making monthly repayments through direct debit from your Australian bank account. This ensures that your payments are always on time, allowing you to focus on enjoying your new car without worrying about missed payments.

Balloon payment options for added flexibility

To further customise your car loan, they offer the option of including a balloon payment. If you're purchasing a new car, a demo vehicle, or a car that's less than 1 year old, you can take advantage of this feature. Depending on the length of your loan term, the balloon payment percentage varies.

  • For 1-3 year loan terms, it's 50%
  • For a 4-year term, it's 45%
  • For a 5-year term, it's 40%
  • For loan terms of 6 years or more, there's no balloon payment.

This flexibility allows you to manage your repayments according to your financial preferences.

Transparent fees for clear budget planning

Pepper Money upholds a strong belief in transparency regarding fees, ensuring you have a comprehensive understanding of the costs associated with your car loan. To facilitate informed financial decision-making, Pepper Money openly discloses the applicable fees.

These encompass a loan establishment fee amounting to $474, an account administration fee of $8.90 per month, and a security registration fee totalling $6. By providing this upfront information, Pepper Money empowers you to effectively plan their budgets and make well-informed financial choices.

Competitive fixed interest rates for stability

When you choose a Pepper Money car loan, you'll benefit from a fixed interest rate of 8.29% p.a. (9.60% p.a. comparison rate). This means that your interest rate remains unchanged throughout the duration of your loan, providing you with stability and predictability in your repayments. With no surprises along the way, you can confidently budget for your car loan.

Lower repayments with deposit and balloon payment options

If you’re seeking to lower your ongoing repayments, Pepper Money presents two alternatives: making an upfront deposit or incorporating a balloon payment at the conclusion of the loan term. To assist you in assessing various scenarios and selecting the most suitable approach for their financial circumstances, Pepper Money’s car loan section offers a convenient repayment calculator.

This user-friendly tool empowers you to explore different options and determine the repayment structure that best aligns with their budgetary requirements. By providing the flexibility to adjust repayment arrangements, Pepper Money ensures that borrowers can discover a tailored solution that accommodates their specific financial needs.

Pepper Money – Car loan

  • Loan Type Car loans
  • Interest Rate from 8.29%
  • Loan Amount up to $200,000
  • Repayment 1 year to 7 years

Benefits of Pepper Money

  • Fixed interest rates
  • Balloon and deposit options
  • Quick loan options

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This car loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Hit the road in style with a Pepper Money car loan

Pepper Money has established straightforward eligibility criteria to help you determine if you qualify for a car loan.

To be eligible, you need to meet the following requirements:

  • Australian Residency: You should be an Australian citizen, a permanent resident, or hold a relevant work visa.
  • Employment status: You must be currently employed in a full-time, part-time, or casual position for more than six months, without being on probation.
  • Clean credit history: It is essential to have no current unpaid credit defaults or prior bankruptcies.
  • Documentation: You will need to provide a valid Passport or a current Australian Driver's License as identification.

How to apply

Pepper Money offers two convenient ways to apply for a car loan: online or over the phone.

Online application

The online loan application process is quick, easy, and accessible. By visiting Pepper Money's user-friendly website, you can complete your application from the comfort of your own home. Simply follow the step-by-step instructions, providing accurate and relevant information about yourself, your employment, and your financial details. Double-check all the information before submitting to ensure a seamless experience.

Phone application

If you prefer a more personalised touch, you can contact Pepper Money to speak with their friendly and knowledgeable team. They will guide you through the application process, answer any questions you may have, and assist you in gathering the necessary documentation.

Loan approval and premium calculation

At Pepper Money, car loan approval and premium calculation are based on various factors specific to your loan requirements. These include the interest rate, loan amount and term. Pepper Money strives to provide competitive rates and flexible loan terms to suit your financial needs. By providing accurate and complete information during the application process, you enhance your chances of successful loan approval.

Get behind the wheel sooner with a Pepper Money car loan

By leveraging swift turnaround times, Pepper Money ensures that loan applicants receive a prompt decision within the following day. This expeditious process enables you to commence your car ownership journey without unnecessary delays, allowing you to plan and embark on your desired path with ease.

Finance any car, any brand, any condition

Pepper Money prioritises providing you with the freedom to select the car that best aligns with their preferences. This commitment is reflected in their financing options, which cover a wide range of vehicle brands. Whether individuals are interested in purchasing a brand-new car, a pre-owned vehicle, or a dealer demo model, they offer the necessary financing solutions.

From stylish sports cars to practical SUVs and eco-friendly electric vehicles, Pepper Money is dedicated to supporting you in fulfilling their car financing requirements.

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Pepper Money is a trusted & reliable provider of car loans

In our review, Pepper Money adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Pepper Money is a registered credit provider in Australia: ACL 286655

Customer Reviews & Testimonials

November 2022

Pepper Money's interest rates were competitive, and the application process was smooth. I highly recommend Pepper Money for their outstanding customer service and flexible car loan options

Coen N
— Darwin —

February 2023

I had a positive experience with Pepper Money for my car loan. The application process was straightforward, and the online platform was user-friendly. Pepper Money provided clear information abou...

Alvie D
— Brisbane —

April 2023

Pepper Money's loan application process is efficient, and they offer competitive interest rates. They are transparent about fees and charges, ensuring there are no hidden surprises. The loan appr...

Byron A
— Melbourne —

Pepper Money Contact

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Physical Address

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday – Closed
  • Sunday – Closed