Rates and fees verified as correct at 15 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
You can take out an Easy Street fixed rate home loan if you want to borrow an amount over $50,000, up to 95% of the value of the property. In terms of money saving features, you’ll be able to make free additional repayments and redraws and you’ll have the use of an offset account. You can also choose to split your loan between fixed and variable rates. Just remember to budget for an upfront application fee and a discharge fee.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.59% p.a. | 3.49% p.a. | $0.00 | $500 | ||
| 2.29% p.a. | 3.42% p.a. | $0.00 | $500 | ||
| 2.89% p.a. | 3.83% p.a. | $0.00 | $500 | ||
| 2.59% p.a. | 3.75% p.a. | $0.00 | $500 |
Like the fixed rate alternative, Easy Street’s variable rate home loans are available for amounts up to 95% of the value of the property, starting from $50,000. You’ll have the use of an offset account to keep interest costs low, as well as a free redraw facility, and unlimited free extra repayments. Choose between monthly, fortnightly and weekly repayments to suit your schedule. But don’t forget there is an upfront application fee and a discharge fee to consider.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 4.10% p.a. | 4.14% p.a. | $0.00 | $500 | ||
| 3.75% p.a. | 3.79% p.a. | $0.00 | $500 | ||
| 2.59% p.a. | 2.63% p.a. | $0.00 | $500 | ||
| 1.95% p.a. | 1.99% p.a. | $0.00 | $500 | ||
| 4.40% p.a. | 4.44% p.a. | $0.00 | $500 | ||
| 4.05% p.a. | 4.09% p.a. | $0.00 | $500 | ||
| 2.59% p.a. | 2.63% p.a. | $0.00 | $500 | ||
| 2.59% p.a. | 2.63% p.a. | $0.00 | $500 |
Make unlimited free extra repayments on your fixed or variable rate home loan to keep interest costs down.
All of Easy Street home loan offers come with the use of an offset account to help you save on your mortgage. This functions like a bank account, except the balance will offset daily against your home loan principal, reducing the amount of interest you pay over the life of your loan.
Easy Street home loans will allow you to borrow up to 95% of the property’s value - so struggling to save up a massive deposit won’t be an issue! Just bear in mind that if your LVR is over 80%, you may have to pay Lenders Mortgage Insurance which could add up to thousands of dollars.
Because Easy Street is a member-owned organisation, you’ll need to become a member before you take out a home loan, which involves putting in an application and paying a small fee for a membership share.
When you go ahead and apply for a mortgage, you’ll need:
