Pepper Home Loans has announced a drop in the interest rates on both its Flexi Advantage and Self-Employed Advantage products.
The non-bank lender has slashed up to 25 basis points off its Flexi Advantage product, taking it to just 8.49 per cent on mortgages with a loan to value ratio of up to 70 per cent.
Up to 50 basis points were reduced off the Self-Employed Advantage Home Loan, taking the interest rate to 8.74 per cent on loans with an LVR up to 70 per cent.
Pepper has also made a number of product policy changes to introduce more loan flexibility to the borrower.
As part of the policy changes, second jobs and casual employment will now be seen as an acceptable income.
Furthermore these mortgages will now be available up to $1 million for loans with an LVR up to 80 per cent.