Easy Street Home Loans: The 2026 Review

Easy Street Financial Services was established as a division of Community First Bank, aiming to provide a community-focused alternative to larger financial institutions. Founded with the intent to deliver competitive home loan products, Easy Street has grown by prioritising customer service and offering tailored financial solutions. Over the years, the institution has achieved key milestones by expanding its product offerings and enhancing its online service capabilities.

Today, Easy Street stands as a significant player in the Australian financial landscape, recognised for its independent, community-owned structure. Operating exclusively online, it offers 13 distinct home loan products, each with unique variations. This digital-first approach allows Easy Street to maintain lower operational costs, which are passed on to customers through competitive interest rates. Its emphasis on customer-centricity and transparency sets it apart from traditional banks.

Easy Street primarily serves Australian homeowners and property investors, focusing on delivering value through features like split loans, redraw facilities, and offset accounts. Catering to a diverse range of borrower needs, the institution positions itself as a viable alternative to major banks, particularly for those seeking lower rates and personalised service. Despite some concerns regarding settlement cost transparency, Easy Street's commitment to its members ensures a strong value proposition.

• Legal Name: Easy Street Financial Services
• ABN: 80087649938
• Type: Division
• Ownership: Independent

• Website: https://easystreet.com.au

Easy Street offers a range of home loan products designed to provide borrowers with flexibility and cost savings through features like split loan options, redraw facilities, and offset accounts.

• No Penalty for Extra Repayments: Borrowers can make additional repayments on their loans without incurring penalties, allowing them to pay off their loans faster and reduce interest costs. However, an early repayment fee may apply if the loan is paid out and closed during the fixed rate term.
• Split Loan Functionality: This feature allows borrowers to divide their home loan into multiple portions, such as fixed and variable rate components. This flexibility helps manage interest rate exposure and tailor repayments to suit financial goals.
• Redraw Facility: The redraw facility enables borrowers to access any extra repayments made on their loan, providing financial flexibility for unexpected expenses or investment opportunities.
• Offset Account: Linking an offset account to your home loan can reduce the interest payable by offsetting the loan balance with the funds in the account. This feature helps in saving interest and reducing the loan term.
• Competitive Rates: Easy Street is known for offering competitive interest rates, which can lead to significant savings over the life of the loan. While specific discounts are not detailed, the focus on pricing suggests potential advantages.
• Online Banking and Mobile App: Easy Street provides digital tools for managing your home loan, including online banking and a mobile app, offering convenience and accessibility for tracking loan progress and making payments.
• Loan Portability: This feature allows borrowers to transfer their existing loan to a new property without refinancing, offering convenience and potential cost savings when moving home.
• Flexible Repayment Options: Borrowers can choose from various repayment frequencies, such as weekly, fortnightly, or monthly, to align with their income schedule and manage cash flow effectively.

Easy Street offers a straightforward fee structure with a focus on transparency, although borrowers should be aware of potential settlement cost variations.

• Home Loan Application Fee: $500 - Covers application, one legal, and standard valuation fee for the first application, applicable to one security only.
• Production of Deeds: $0 - Charged at cost, typically for the production of legal documents related to the loan.
• Copy of Print Statement Fee: $1.5 - $1.50 per page for printed statements.
• Loan Variation Fee: $250 - Applies to loan split requests, additional splits, loan top-ups, substitution of security, loan re-fix, and loan switches.
• Early Repayment Fee (ERF): $0 - Refer to loan contract for specific conditions, generally applies to early loan repayment scenarios.

Easy Street provides home loans to Australian citizens and permanent residents aged 18 and over, offering competitive rates and customer-focused services.

• Applicants must be at least 18 years old.
• Applicants must be Australian citizens or hold permanent residency.
• Applicants must be natural persons, not other legal entities.
• Applicants should demonstrate a stable income and employment history to ensure repayment capability.
• A good credit history is required, with no significant defaults or bankruptcies.
• Loan-to-Value Ratio (LVR) may be up to 95% for some products, though typically 80% is standard.
• A minimum deposit of 5% may be accepted with a guarantor for certain products.

• Lenders Mortgage Insurance (LMI) is required for loans with an LVR above 80%.
• First home buyers may have access to special programs and benefits.
• Guarantor options are available for applicants with lower deposits.