Pepper offers both primary asset & small ticket fast approvals. Under Primary assets funding is available up to $100,000 – subject to following criteria (& minimum ABN registration).
1. Maximum age at end of term:
- Motor Vehicles, Light Commercial Vehicles & Motor Bikes = 15 years for Fast Track & Full Doc
- All other Primary Assets = 8 years for Fast Track; 15 years for Full Doc
2. Establishment Fees: Dealer Sales - $449 including GST; Private Sales - $600 including GST
3. Satisfactory credit checks i.e. good confirmed credit history required (any paid aggregated defaults <$1,000 for Telco or utilities accepted)
4. Minimum 6 months good Pepper history before a second advance for Tier C
5. Maximum exposure per customer for Fast Track or Full Doc = $150,000
6. Maximum Fast Track Loan Amount excludes brokerage and fees
For Small ticket items funding can be considered for:-
Computer equipment/ Office equipment - printers, photocopiers etc. Point of sale equipment LED lighting Commercial equip - generators, compressors Solar equipment Gym equipment Vending machines Skip bins Construction non-wheeled and non-tracked Engineering equipment – lathes etc. Mechanical equipment - hoists etc. Road making equipment Concrete cutters Wood working equipment Food manufacturing equipment Medical & dental equipment Telephone systems (hardware only i.e. no bunding)