Pepper Flexi Advantage (up to 70 percent LVR)

The Pepper Flexi Advantage home loans target a market of home buyers purchasing their home as that of an owner occupier, property investor or for refinancing purposes. It is available to a wide range of applicants and takes into consideration each individual home buyers specific situation rather than being based on a cold heartless credit score. It can therefore be used for good purpose if you need to raise money for business working capital or debt consolidation. This converts to a comparison rate of 9.26% for amounts of up to $1,000,000 over a 30 year period.

Minimum qualification needed for a Pepper Flexi Advantage (up to 70% LVR) home loan

To qualify for acceptance in order to obtain a Pepper Flexi Advantage (up to 70 percent LVR) you must be able to produce at least your last two PAYG payslips issued by your employer along with a letter confirming your employment or alternatively your latest taxation group certificate. If you are borrowing for refinance purposes you must be able to provide evidence of satisfactory loan repayment for the previous six months.

Pepper Flexi Advantage (up to 70% LVR) home loan features

The details of what makes up a Pepper Flexi Advantage home loan consist of the following:

• The mortgage can be taken out for any period from 10 years to a maximum of 40 years and the minimum amount you can borrow is $100,000 with the maximum set at $1,000,000 for a LVR up to 85% or $1 million for an LVR at 80%.
• This particular home loan is repayable at interest only from one to five years depending on what you yourself would prefer, it is then payable on a principal and interest basis. Repayments can be made on a fortnightly or monthly basis when you are paying off both principal and interest but monthly only when your repayments are interest only.
• You can pay any amount of additional repayments whenever you have the extra money available. The amount you do pay additionally is totally unlimited. Redraw facilities are also available with a minimum redraw of $1000 at any one time. This feature is only available when the loan is being repaid on the basis of principal and interest. It is not available when you are making interest only repayments.
• There is also a split loan facility that you can use to your benefit with a minimum of $50,000.

Pepper Flexi Advantage (up to 70% LVR) fees and charges

The fees connected with the obtaining of a Pepper Flexi Advantage Home Loan are as follows:

• There is an establishment fee of $995 that includes one standard valuation charge. If more than one valuation is required, for another security, there is an additional charge of for that security.
• There is a monthly fee of $15.
• There will be legal fees of approximately to pay.
• There is a ‘Discount Interest Adjustment’ (Exit fee) payable if you wish to pay the loan out during the first four years. This interest adjustment is made by multiplying the loan amount that is to be repaid early, by the difference in any standard and discounted rate divided by 365 and then multiplied by the number of days the loan had the benefit of any discounted rate.
• There is a title insurance premium of $300 to pay if the loan is smaller than $400,000 but $450 if the loan is greater than $400,000.
• Nor charges are levied for any additional security other than the valuation fee.
• There is a discharge fee of $250 to pay for each loan account and government charges are payable where applicable.
• There is no guarantee fees to pay nor are there any costs involved with using the split loan feature.

How to apply for a Pepper Flexi Advantage (up to 70% LVR) home loan

The only way to obtain a Pepper Flexi Advantage (up to 70% LVR) mortgage it through a network of accredited mortgage brokers where all such mortgage brokers are kept fully informed and up to date on all the latest developments through specialty lending training programs and support through Pepper’s business development managers and their mortgage consulting teams. All Peppers mortgage brokers are required to be members of their top industry organisations such as the mortgage and Finance association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA) and the Credit Ombudsman Services Limited (COSL).

The Pepper Flexi Advantage ((up to 70% LVR) mortgage is a flexible home loan than can be put to many uses. Applicants will find their individual eligibility to access such a mortgage is based on their own specific circumstances, not on their credit score as many other lenders rely.

Read the Pepper Flexi Advantage (up to 70 percent LVR) terms and conditions.

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