Home News Pepper reveals another rate cut

Pepper reveals another rate cut

Font size :
Non-bank lender Pepper has announced its latest rate cut for its prime range Pepper Essential by up to 0.36%.
 
The move comes after the Reserve Bank of Australia (RBA) decided to hold the cash rate at 2.25%, despite speculation of a cut.
 
Effective 10 March, Pepper Essential’s rate will be as low as 4.49% for full documentation and 4.99% for alternative documentation.
 
“Following the RBA’s decision to cut the cash rate in February, we reduced rates across our home loan products, and even though the RBA left rates unchanged today, we are again reducing our home loan interest rates,” said Mario Rehayem, Pepper’s director of sales and distribution.
 
Last month, Pepper lowered its specialist and near-prime rates by up to 70 basis points after the RBA announced the 2.25% rate cut.
 
Pepper Essential prime product’s full doc loans now range from 4.49% with an LVR up to 55% to 5.29% with an LVR between 80% and 85%.
 
Meanwhile, alt doc loans across the Pepper Essential prime product are now from 4.99% with an LVR up to 55% to now be at 5.89% with an LVR over 75% and up to 80%.
 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom has had a negative impact on property prices, homes in the region have become more affordable Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Jul 26, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords