Pepper MoneySecured consumer loan - Pepper Lite
Our Secured Consumer Loan - Pepper Lite allows you to purchase a vehicle or other acceptable assets, with the asset to be used as security for the loan. The loan provides certainty through a fixed interest rate and fixed monthly repayments, while offering the option of no account keeping, account closing, or early termination fees.
At a glance
- Pricing
- Rates on application
- Loan size
- $5,000 to $300,000
- Upfront fee
- $499
- Monthly fee
- $0
Fees
9 fees published, grouped by when they're charged.
- When you take it outUp to $6004 fees, each listed below
- While you hold itNo feeAccount Keeping Fee (monthly)
- When you close it or pay it offNo fee published
When you take it out4
- Establishment Fee (Private Sale)
The establishment fee includes the cost of processing the application and the preparation of loan documents.
$600 - Establishment Fee
The establishment fee includes the cost of processing the application and the preparation of loan documentation.
$499 - PPSR Registration Fee
Payable when Pepper Money’s security interest is registered on the Australian Government’s Personal Property Securities Register over the asset provided as security for the loan.
$6 - PPSR Search Fee
Payable when Pepper Money searches the Australian Government’s Personal Property Securities Register in relation to the asset provided as security for the loan.
$2
While you hold it1
- Account Keeping Fee (monthly)
No monthly account keeping fee applies to this loan.
No fee
When you make a transaction2
- Payment Handling Fee
Payable when any payment is made by BPAY or EFT.
$1.50 - Payment Handling Fee
Payable when any payment is made by direct deposit.
$2.50
If a payment is late or fails2
- Dishonour Fee
May be payable each time the payment instruction is dishonoured.
$5 - Late Payment Fee
Payable each time the repayment is not made within five days of the repayment due date.
$35 5 days after it's due
Features
- Available for purchase as new, demo, or used assets, with a maximum asset age of 20 years at the end of the term.
- Term: 1 to 7 years
- Interest rate is fixed for the life of the loan so you know what your repayments will be. The loan will not benefit from interest rate decreases.
- Purchase or refinance of one of the following assets through a dealer or a private seller: Car, Boat, Jet ski, Caravan, Motorcycle, All terrain vehicle, Tractor, Ride-on mower, Horse float, Solar gen…
- Balloon payments available (loan term will be capped at 5 years) to customers who want to make smaller regular repayments over the loan term and make a larger final repayment at the end of the loan t…
- Account Closing Fee - No fee is payable when the loan is paid out.
- Early Termination Fee - No fee is payable on any earlier termination of the agreement.
- Account Keeping Fee (monthly) - No monthly account keeping fee applies to this loan.
Eligibility and limits
- Minimum age 18
- Residency: Must live in Australia and be an Australian citizen or permanent resident or residing in Australia on a working visa that is acceptable to Pepper Money
- Available to individuals
- Amount $5,000 to $300,000
- Meet Pepper Money’s credit assessment and eligibility criteria which includes demonstrating capacity to make the required loan repayments without substantial hardship and having an acceptable credit…
- If a loan application is approved, the interest rate offered and fees and charges will depend on Pepper Money’s assessment of several factors at the time of application including the applicant’s cred…
- Payments must be made from an Australian bank account.
- Loan must be secured by an asset acceptable to Pepper Money.
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Published by Pepper Money under the Consumer Data Right, last changed by them on 3 Aug 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.