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ISCOVER
Staff Reporter
On the back of broker requests, Pepper has launched a new product tailored for the self-employed.
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‘Pepper Easy’ which has come about after BDMs at Pepper received industry feedback and pushed for an alternative documentation loan designed to cater for the self-employed who have an unblemished credit history spanning the last three years.
‘Pepper Easy’ differentiates itself from other alternative documentation products by providing the self‐employed with the ability to draw cash out for any specified purpose up to an LVR of 80 per cent.
‘Pepper Easy’ is also available for the refinance of other low doc and nonconforming home loans. The new product is offered to customers at a rate of 7.99 per cent.
Pepper has also announced it has lowered the LVR band of the Pepper Flexi Advantage.
Loans of up to 55 per cent LVR will now attract a rate of 7.99 per cent, and a reduced Mortgage Risk Fee of one per cent.
Chief Operating Officer at Pepper, David Holmes, said he is excited to receive positive feedback from the broker network.
“Pepper is always looking to innovate, and provide flexible products that cater for the self-employed. Pepper’s lower interest rates will help attract more customers.”
Mario Rehayem, Pepper’s Director of Sales and Distribution, said the new offering underpins Pepper’s commitment to brokers.
“We are always encouraging brokers Australia‐wide to ‘give Pepper a crack’, and there is no better way to promote our products than with lower interest rates and three new product ranges within the space of two months.”
Mr Rehayem added: “We continue to listen to our brokers to improve our products and services. The announcements made today are a direct result of broker feedback and are just a few examples of the commitment we continue to show our broker network.”
