Secured consumer loan with Guaranteed Future Value (asset finance)
A Secured Consumer Loan with Guaranteed Future Value (GFV) is secured by your vehicle and includes a guaranteed value at the end of the loan term. This gives you flexible end of term options, allowing you to return the vehicle, trade it in, or keep it at the end of the loan.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee (monthly) Charged monthly · Monthly fee to cover the ongoing costs of managing the loan. | Ongoing | $8.90 |
| Dishonour Fee May be payable each time the payment instruction is dishonoured. | Dishonour | $5.00 |
| Late Payment Fee Payable each time the repayment is not made within five days of the repayment due date. | Late payment | $35.00 |
| Payment Handling Fee Payable when any payment is made by direct deposit. | Payment | $2.50 |
| Payment Handling Fee Payable when any payment is made by BPAY or EFT. | Payment | $1.50 |
| Establishment Fee The establishment fee includes the cost of processing the application and the preparation of loan documentation. | Upfront | $799.00 |
| Account Closing Fee Payable when the loan is paid out. |
Features
- Available to purchase new motor vehicles
- Term: 3 to 5 years
- Extra repayments
- You can make additional repayments subject to the payment of an early termination charge if the loan is paid out before the end of the loan term. Additional repayments are not available to be redrawn.
- Interest rate is fixed for the life of the loan so you know what your repayments will be. The loan will not benefit from interest rate decreases.
- Digital banking
- Provides online access to the account to borrowers.
- Purchase through a car dealer. There is no cash out permitted.
- Balloon payments are available (loan term can only be between 3 to 5 years). Wants to make smaller regular repayments over the loan term and make a larger final repayment at the end of the loan term. The balloon payment is subject to credit assessment and eligibility criteria.
Eligibility
- Minimum age — 18 yearsMust be a minimum of 18 years old of age at the time of application.
- Individuals onlyApplicants must be individuals or joint borrowers for personal purposes only.
- Residency status — Must live in Australia and be an Australian citizen or permanent resident or residing in Australia on a working visa that is acceptable to Pepper Money
- Meet Pepper Money’s credit assessment and eligibility criteria which includes demonstrating capacity to make the required loan repayments without substantial hardship and having an acceptable credit rating.
- If a loan application is approved, the interest rate offered and fees and charges will depend on Pepper Money’s assessment of several factors at the time of application including the applicant’s credit history, income and financial position, the loan to value ratio (LVR), loan term and the nature of the security asset. A risk loading may apply.
- Payments must be made from an Australian bank account.
Constraints
- Minimum limit — $5,000.00
- Maximum limit — $300,000.00This is the maximum loan amount without a credit policy exception being approved.
- Loan must be secured by an asset acceptable to Pepper Money.
Published by Pepper Money under the Consumer Data Right · Last updated 9 July 2026 · Product ID PEP07070