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Take advantage of a competitive variable rate and a host of flexible features with the Easy Street Basic Variable Home Loan.
The Easy Street Basic Variable Home Loan is designed to make it as simple and affordable as possible to own your next home. With a competitive variable rate, free redraw options and the flexibility to make additional repayments, the loan offers a wide selection of attractive features for borrowers. And with no ongoing monthly or annual fees, it allows you to put more of your hard-earned money towards paying off the funds you borrow.
Things to consider about the Easy Street Basic Variable Home Loan
The Easy Street Basic Variable Home Loan is available for the purchase of residential homes and investment homes, while it’s also offered to those who want to renovate their home or refinance an existing loan. It’s available with a maximum LVR of , although borrowers who opt for an LVR of less than may be able to take advantage of a discounted interest rate.
This loan is designed to offer a handful of essential features to allow you to save money by not offering features that you don’t require. It includes flexible repayment schedules and the ability to make extra repayments, while a free redraw facility is available 24/7 whenever you need access to your funds.
Features of the Easy Street Basic Variable Home Loan
- Minimum loan amount. The Easy Street Home Loans Basic Variable Loan allows you to borrow amounts starting at .
- Maximum LVR. The maximum LVR available on this loan is ; however, you will need to take out LMI if you borrow more than LVR.
- Additional repayments. This loan allows you to make additional repayments towards your debt at any time without penalty.
- Free redraw facility. You can access the extra funds you pay towards your loan at any time through the free redraw facility. There is no minimum redraw amount.
- Flexible repayment schedule. You can choose to make repayments on a weekly, fortnightly or monthly basis.
- 24/7 access. You are able to access your loan whenever you wish through your Easy Street Home Loans internet banking account.
Fees you can avoid
- Account keeping fees: . This home loan has no monthly or annual account keeping fees.
- Redraw fee: . You will not be charged any fees to redraw online any extra funds you have put into your loan.
- Extra repayment fee: $0.
- LMI: $0. No LMI is required when you borrow less than LVR.
Fees you can’t avoid
- Application fee: . This one-time fee covers the administrative costs associated with preparing your loan documents. Your legal and valuation fees are also included in this charge.
How to apply for the Easy Street Basic Variable Home Loan?
Click ‘Got to Site’ if you’d like to apply for an Easy Street Basic Variable Home Loan. You’ll be redirected to a secure application form on the Easy Street Home Loans website. The quick and easy application process takes roughly 10 minutes to complete and the loan is available for people who:
- Are over 18 years of age;
- Are regularly employed and not serving a probationary employment period;
- Are Australian citizens or permanent residents;
- Have a clean credit history in the past five years; and
- Are not bankrupt
Once you’ve filled out an application with your name, address, contact details and proof of ID, you’ll receive an immediate response and will be contacted by Easy Street within one business day. Alternatively, you can also apply for this loan over the phone if you wish.
The Easy Street Basic Variable Home Loan offers a selection of competitive features and benefits to borrowers. Just make sure to compare a range of mortgage offerings before you decide on the right home loan solution for your needs.