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Chief among the changes is Pepper Money increasing the maximum loan-to-value ratio (LVR) to 98 per cent (including lender protection fee) across all property locations (categories 1–4), including high-density units.
The non-bank has also tripled the maximum loan size available at 98 per cent LVR to $3 million and doubled its maximum loan size at 80 per cent LVR to $5 million.
Broader lending options
Pepper Money has also introduced 95 per cent LVR (including lender protection fee) across its Alt Doc solutions while reducing the minimum unit size requirement to 30 square metres.
The changes are available across its Prime and Near Prime Clear products.
Barry Saoud, Pepper Money’s chief executive of mortgages and commercial lending, said the enhancements reflect the changing needs of borrowers that brokers were seeing day to day.
“2025 industry research shows 70 per cent of brokers said they sent more loans to non-banks in the last 12 months, which is up from 67 per cent in 2024, driven by demand for flexibility, speed and the ability to support more complex borrowers,” Saoud said.
“This isn’t about changing who we lend to. It’s about expanding what’s possible for Australians by giving brokers more flexibility to solve a wider range of customer scenarios.”
White label expansion
Pepper Money confirmed that the changes will also roll out across the lender’s white label partnerships.
Pepper Money has been recently pursuing new white label partnerships. Earlier this month, Australian Finance Group (AFG) launched commercial and eligible self-managed super fund (SMSF) loans through an expanded partnership with Pepper Money.
Under the expansion, AFG brokers will have access to commercial lending products across full-doc and low-doc scenarios, prime and near-prime borrowers, as well as SMSF lending secured by commercial property only.
Not long after, Mortgage Choice also launched in commercial and SMSF through Pepper Money.
Regional focus
Saoud said the expanded policy was designed to support a range of borrowers, including regional customers with fewer lending options and investors navigating tighter lending limits.
Finsure Loans head of white label John Lafferrairie said expanding lending options across regional Australia would provide brokers with greater flexibility.
“Regional Australians don’t always fit neatly into traditional lending models, whether it’s due to property type, location or individual circumstances,” Lafferrairie said.
“Expanding lending options across more locations means brokers have greater flexibility to support customers wherever they are, helping more Australians move forward with confidence.”
[Related: La Trobe simplifies SMSF refinance journey]
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