Easy Street Home Loans: The 2026 Review

Easy Street is a division of Community First Credit Union Limited, operating as a non-bank lender since its inception. Established to provide a digital-first approach to home lending, Easy Street has focused on delivering competitive rates and flexible loan options. This initiative was part of Community First Credit Union's strategy to cater to the evolving needs of tech-savvy borrowers who prefer managing their finances online.

Today, Easy Street is recognised for its strong market presence as an online-only lender. With 13 distinct products and variations, they offer a comprehensive suite of home loan solutions. Their business model is centred around providing competitive pricing and innovative features such as no penalties for extra repayments and offset account options. This approach differentiates them from traditional banks, particularly the Big 4, by offering more tailored and flexible financial solutions.

Easy Street targets price-sensitive borrowers across Australia who seek lower rates and the convenience of online services. Their digital platform supports seamless account management through a mobile app, appealing to customers who value efficiency and accessibility. By maintaining an independent status, Easy Street continues to focus on delivering value and flexibility to its clients, reinforcing its position as a leading online lender in the Australian market.

• Legal Name: Community First Credit Union Limited
• ABN: 80087649938
• Type: Non-Bank Lender
• Ownership: Independent

• Website: https://easystreet.com.au
• Phone: 1300 13 14 65

Easy Street offers competitive home loans with features like no penalty for extra repayments and the option to link an offset account, providing flexibility and potential cost savings for borrowers.

• No Penalty for Extra Repayments: Borrowers can make additional repayments on their loans without incurring penalties, allowing them to pay down their debt faster and save on interest over time. However, an early repayment fee may apply if the loan is fully paid out during the fixed rate term.
• Offset Account: Linking an offset account to your loan can reduce the interest payable by offsetting the loan balance with the account balance. This feature is available on request and can significantly decrease the overall interest paid throughout the loan term.
• Redraw Facility: The redraw facility allows borrowers to access extra repayments they have made, providing flexibility in managing finances. This feature is available on select products, offering additional liquidity when needed.
• Competitive Fixed Rates: Easy Street offers fixed rates starting at 4.99%, allowing borrowers to lock in a rate and protect against interest rate fluctuations. This can provide certainty in repayments over the fixed term.
• Maximum Loan-to-Value Ratio (LVR): With a maximum LVR of 95% on certain loans, borrowers can finance a larger portion of their property value. This may require lenders mortgage insurance (LMI) and could affect borrowing capacity.
• Mobile App for Account Management: Easy Street's mobile app facilitates convenient account management, allowing borrowers to track their loan and make payments on-the-go. This digital feature aligns with their focus on online solutions.
• Application Fee: An application fee of $500 applies to some products, which borrowers should consider when calculating the total cost of the loan. This fee covers the processing and setup of the loan agreement.
• Digital-Only Lender: As a digital-only lender, Easy Street offers a streamlined online experience, appealing to borrowers who prefer managing their finances digitally and benefiting from potentially lower rates due to reduced overheads.

Easy Street offers a transparent fee structure with competitive rates, providing borrowers with clear insights into potential costs associated with their home loans.

• Application Fee: $500 - Covers application, one legal, and standard valuation fee for the first application, applicable to one security only.
• Copy of Print Statement Fee: $1.5 - Charged at $1.50 per page for printed statements.
• Mortgage Default Notice Fee: $0 - Fee is charged at cost if applicable.
• Special Attendance Fee: $0 - Charged at cost if applicable.
• Loan Variation Fee: $250 - Applies to loan split requests, additional splits, loan top-ups, substitution of security, loan re-fix fee, and loan switches.
• Early Repayment Fee (ERF): $0 - No fee for early repayments on variable loans; refer to loan contract for fixed loans.

Easy Street provides home loans to Australian citizens and permanent residents who meet specific eligibility criteria, focusing on digital convenience and competitive rates.

• Must be at least 18 years old.
• Must be an Australian citizen or permanent resident.
• Applicant must be a natural person, not a legal entity.
• Demonstrated ability to repay the loan through stable income and employment.
• Good credit history is generally required.
• Maximum Loan-to-Value Ratio (LVR) is 95% for some products.

• Lenders Mortgage Insurance (LMI) may be required for loans with an LVR above 80%.
• A minimum deposit of 5% may be accepted with a guarantor.
• Early repayment fees may apply to fixed-rate loans.