Pepper Home Loans has reduced the rates on its Flexi and Self-Employed Advantage products.
Flexi Advantage rates have dropped by 0.25%, to 8.49% for loans up to 70% LVR, while loans between 80% and 85% LVR will be offered at 8.99%. LVR's between 70% and 80% continue to be priced at 8.74%.
Meanwhile, Pepper's Self-Employed Advantage rates have dropped 0.5% to 8.74% on loans up to 70% LVR, and 0.25% (to 8.99%) on borrowings bwith an LVR of etween 70% and 80%.
Citing flexibility, the group has also made policy changes to its product suite, including increasing the maximum loan amount for customers borrowing with an LVR up to 80% to $1m.
Other changes include an increased land size limit, availability for non-conforming loan refinancers (excluding Private and Solicitor loans), and an expansion in the definition of acceptable income to include second jobs.
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