Pepper has introduced a new product suite, while raising its maximum loan amounts to $2.5m.
The lender has announced a 'PLUS' product range, an extension of the Flexi Advantage and Self-Employed Advantage product lines that are currently on offer to brokers.
The 'PLUS' products will now accept borrowers with up to two defaults - paid or unpaid - less than 12 months old. The loans will also take borrowers with up to two months of current mortgage arrears.
Both the Flexi Advantage PLUS and Self-Employed Advantage PLUS will also lend up to $1m.
In another change to its existing product range, Pepper has raised the LVR cap on its standard Self-Employed Advantage product to 85%. The lender has also introduced jumbo loan amounts, and is now lending up to $2.5m on its traditional Flexi Advantage and Self-Employed Advantage products.
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