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ISCOVER
Jessica Darnbrough
One non-bank lender has thrown down the gauntlet to the majors, passing on the Reserve Bank's December rate cut in full.
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Last week, Pepper announced it would cut 25 basis points from its new business rates, surpassing the 20 basis points passed on by the major lenders.
In addition, the non-bank issued a new servicing calculator.
Finally, the lender has also installed a huge sign on its offices in North Sydney to help reinforce the branding to both brokers and consumers.
Speaking to The Adviser about the changes, Pepper’s Mario Rehayem said the company had a stellar year and was looking forward to 2013.
“We are confident to say we control the market in this specialist lending area. Year on year, month on month we are setting records. We are proud of this, but we couldn’t do it without our brokers or our staff,” he said.
