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Easy Street Variable Home Loan

This offer of a low variable rate loan from Easy Street requires only a 5% deposit.

The Easy Street Variable Special Home Loan - New Money Offer is a low-rate loan for new borrowers. It also comes with a 100% offset account.

Special rate for new borrowers

The Easy Street Standard Variable Special Home Loan has a special interest rate for new borrowers taking out an owner-occupied principal and interest loan with a maximum LVR of 95%. Offer is for home loan applications submitted by 30 September 2020 and funded by 31 December 2020 and can be withdrawn at any time. Other conditions may apply.

Product NameEasy Street Standard Variable Home Loan - New money offer (Owner Occupier, P&I)
Interest Rate TypeVariable
Interest Rate (p.a.)2.65%
Comp Rate^ (p.a.)2.69%
Minimum Loan Amount$50,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Suitable for InvestmentNo
Extra RepaymentYes
Repayment TypePrincipal & Interest
Application Fee$500
Valuation Fee$0
Ongoing Fees$0 p.a.
Discharge Fee$300

Pros

  • 100% offset account
  • Free redraw facility
  • $0 service fee

Cons

  • There is a $500 application fee
  • There is a $300 discharge fee
  • There is a $250 switching fee

What do I need to know about this loan?

The Easy Street Variable Home Loan is available to new borrowers who are buying a home to live in. It includes flexible features to help you take charge of your repayments.

Easy Street is a division of Community First Credit Union, Sydney's largest credit union. This lender has no shareholders because it is a member owned institution.

What are the feature and benefits of the Easy Street Variable Home Loan?

  • Loan amount. The Easy Street Variable Home Loan has a minimum borrowing amount of just . You can borrow up to 95% of the value of the property you're buying, but borrowing above 80% will incur a lenders mortgage insurance premium.
  • Loan purpose. This loan is only available to owner-occupiers who are new customers to Easy Street.
  • Flexible repayments. The Easy Street Variable Home Loan offers weekly, fortnightly or monthly repayments. You can also get ahead on your home loan by making as many additional repayments as you like without any penalty.
  • Free redraw. The Easy Street Variable Home Loan offers fee-free redraw, so you can withdraw any additional funds you’ve paid on your home loan. There’s no minimum redraw amount.
  • 100% offset. The Easy Street Variable Home Loan also comes with a 100% offset account, allowing you to save on interest charges.

What fees and charges come with this loan?

  • Application fee: $500. This one-off fee covers the administrative costs involved in processing your home loan application.
  • Discharge fee: $300. The discharge fee is payable when you close your loan account.

How do I apply for this loan?

If you’ve examined your options and think the Easy Street Variable Home Loan suits your borrowing needs, click the button below to be taken to the Easy Street website. There you’ll be guided through the online application process.

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Easy Street Standard Variable Home Loan - New money offer (Owner Occupier, P&I)

  • Interest Rate

    2.65% p.a.

  • Comparison Rate

    2.69% p.a.

  • App Fee / Annual Service Fee

    $500 / $0

  • Max LVR

    80%

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