Pepper MoneyPrime Construction Loan - Prime Alt Doc
Our construction home loan options provide interest only repayments during the construction period (max 18 months) with access to our online loan portal and the freedom to make additional repayments. 100% interest offset sub-account, redraw and VISA debit card+ access (monthly fees apply) are available after the construction period has been completed.
Also sold at the same rates and fees as Aussie Activate and Mortgage Choice Ignite.
At a glance
- Max LVR
- 85%
- Annual fee
- $120
- Features
- offset, redraw, extra repayments
Rates
Every rate Pepper Money publishes for this home loan, 12 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, Interest only | - | ≤55% LVR | 8.59% | 9.00% | - |
| Variable | Investment, Interest only | - | 55–65% LVR | 8.79% | 9.00% | - |
| Variable | Investment, Interest only | - | 65–70% LVR | 8.79% | 9.00% | - |
| Variable | Investment, Interest only | - | 70–75% LVR | 8.79% | 9.00% | - |
| Variable | Investment, Interest only | - | 75–80% LVR | 8.99% | 9.20% | - |
| Variable | Investment, Interest only | - | 80–85% LVR | 9.59% | 9.80% | - |
| Variable | Owner occupied, Interest only | - | ≤55% LVR | 8.59% | 9.00% | - |
| Variable | Owner occupied, Interest only | - | 55–65% LVR | 8.79% | 9.00% | - |
| Variable | Owner occupied, Interest only | - | 65–70% LVR | 8.79% | 9.00% | - |
| Variable | Owner occupied, Interest only | - | 70–75% LVR | 8.79% | 9.00% | - |
| Variable | Owner occupied, Interest only | - | 75–80% LVR | 8.99% | 9.20% | - |
| Variable | Owner occupied, Interest only | - | 80–85% LVR | 9.59% | 9.80% | - |
Rate changes
12 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 10 Oct 2026 | Variable, Investment, Interest only, ≤55% LVR | 8.34% | 8.59% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, Interest only, 55–65% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, Interest only, 65–70% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, Interest only, 70–75% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, Interest only, 75–80% LVR | 8.74% | 8.99% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, Interest only, 80–85% LVR | 9.34% | 9.59% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, ≤55% LVR | 8.34% | 8.59% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, 55–65% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, 65–70% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, 70–75% LVR | 8.54% | 8.79% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, 75–80% LVR | 8.74% | 8.99% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, 80–85% LVR | 9.34% | 9.59% | up 0.25 |
Each change is logged the night it appears in the rates Pepper Money publishes. See how every lender answered the RBA on the rate tracker.
Fees
7 fees published, grouped by when they're charged.
- When you take it outUp to $9995 fees, each listed below
- While you hold it$10 a monthPrime Admin Fee
- When you close it or pay it off$500Discharge Fee
When you take it out5
- Legal Disbursements
Third-party legal costs such as searches and registrations, charged at cost.
Varies - Legal Fee
Covers standard legal costs incurred at loan establishment.
$330 - Prime Establishment Fee
Charged once at loan establishment for prime residential construction mortgage applications.
$999 - Risk Fee
Risk Fee may be payable depending on loan amount and LVR.
Varies - Valuation FeeVaries
While you hold it1
- Prime Admin Fee
Charged monthly per account split for ongoing administration of the loan.
$10 a month
When you close it or pay it off1
- Discharge Fee
Charged per plan when the loan is fully discharged.
$500
Features
- Flexible Loan Terms. 10-30 year loan terms are available.
- Interest only repayments apply on the balance of the loan during the construction period (max 18 months). Loan then converts to Principal and Interest repayments.
Eligibility and limits
- Minimum age 18
- Residency: Only available to Australian Citizens or Permanent Residents.
- Available to individuals
- Available to businesses
- Amount from $100,000, no maximum
- All applications are subject to credit assessment and eligibility criteria.
Compare it with others
Put this product through a calculator
Published by Pepper Money under the Consumer Data Right, last changed by them on 8 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.