Alternative lender unveils discounted loan rates

By Gerv Tacadena

Alternative lender Pepper Money has kicked off the month of August by launching discounted interest rates.

Alternative lender Pepper Money has kicked off the month of August by launching discounted interest rates for a range of its loan offerings.

Under the bank's promotion, brokers will be able to offer clients discounted rates on Pepper's suite of prime home loans for as low as 3.36%. The bank's near-prime loan applicants would be able to get a reduced rate of 4.26%.

"These rates, along with the more personalised service and faster decisions that brokers and their customers receive from Pepper Money, make this offer really compelling," said Aaron Milburn, director of sales and distribution at Pepper Money.

The discounts will also be available for low-doc and construction loans. Milburn said this promotional offer would benefit not just the borrowers but also the brokers.

"We are committed to providing brokers and their customers with flexible and competitive home loan products to help them achieve their goals. That's why we offer real-life solutions for all sorts of real-life situations," he said.

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