Easy Street Financial Services home loan repayment calculator

Thinking about taking out a home loan with Easy Street Financial Services? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Easy Street Financial Services home loans compare with other options.

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With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.39 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Suitable for low deposits.
  • Parents can sign as guarantors on some home loans.
  • Flexible repayment schedule with weekly, fortnightly and monthly repayment options.
  • Some products include numerous fees.
  • No branches.

Easy Street Financial Services home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.39%

Fixed - 3 years

$500

3.44%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 3 years

$500

3.52%

$0
Easy Street Financial Services
More details

2.39%

Fixed - 2 years

$500

3.55%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 2 years

$500

3.60%

$0
Easy Street Financial Services
More details

2.39%

Fixed - 1 year

$500

3.66%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 1 year

$500

3.69%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 3 years

$500

3.74%

$0
Easy Street Financial Services
More details

3.75%

Variable

$500

3.79%

$0
Easy Street Financial Services
More details

2.99%

Fixed - 3 years

$500

3.82%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 2 years

$500

3.85%

$0
Easy Street Financial Services
More details

2.99%

Fixed - 2 years

$500

3.90%

$0
Easy Street Financial Services
More details

4.10%

Variable

$500

3.92%

$0
Easy Street Financial Services
More details

2.69%

Fixed - 1 year

$500

3.96%

$0
Easy Street Financial Services
More details

2.99%

Fixed - 1 year

$500

3.99%

$0
Easy Street Financial Services
More details

4.05%

Variable

$500

4.09%

$0
Easy Street Financial Services
More details

4.40%

Variable

$500

4.22%

$0
Easy Street Financial Services
More details

Easy Street Financial Services customer service

Easy Street Financial Services has no branches or stores and is a digital only brand. To find out more information about any of Easy Street Financial Services’ products home loan customers must consult the website. Enquiries can also be made via Easy Street Financial Services’ customer service centre. Customers can also get in touch with the lender via email or fax. The Easy Street Financial Services mobile banking app lets customers access most of the features available through their internet banking facility. In spite of having no branches Easy Street Financial Services customers have access to a network of over 3500 ATMs nationwide.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email 

How to Apply

To find out more information about any particular home loan product Easy Street Financial Services’ customers can submit their details online to request a call back. Customers can also call the customer service centre at their leisure and use both internet banking and mobile app services 24/7. Customers are also able to apply for Easy Street Financial Services home loans online. As part of the application process home loan customers will be encouraged to calculate how much money they can afford to borrow before committing to their application. To apply for an Easy Street Financial Services home loan customers will need to provide basic documentation that may include:

  • Personal identification.
  • Personal income details.
  • Details of current debts and assets.

About Easy Street home loans

Easy Street offers a more limited range of home loans than many of the big banks and lenders. Because it operates online only, it has lower overheads than many other lenders and can pass on these savings in the form of competitive interest rates.

As a niche lender, Easy Street home loans are suited to borrowers such as first homebuyers, upgraders and investors, and it also accepts low deposit amounts on some home loan products (high LVR loans).

Easy Street’s home loans have a maximum term of 30 years. Its home loans also come with redraw facilities and offset accounts.

Easy Street home loans are available to its members only, which means customers need to pay a small fee to become a member before applying for a home loan. As there are no branches, home loan applications must be completed online.

Easy Street home loan rates

Because Easy Street doesn’t have to outlay the cost of keeping branches open and employing more staff, its home loan rates tend to be very low to moderately low.

Another reason Easy Street offers lower interest rates is because it is owned by its members and doesn’t pay dividends to shareholders.

As is the case for many lenders, Easy Street home loan rates vary depending on the type of home loan and borrower.

Owner-occupiers paying principal and interest get the lowest rates, followed by owner-occupiers paying interest only and investors paying principal and interest. Easy Street doesn’t offer interest-only investment loans.

Easy Street also offers different interest rates depending on whether you want to take out a standard variable-rate mortgage, a one-year fixed mortgage, two-year fixed mortgage or three-year fixed mortgage.

Easy Street home loans review

Easy Street home loans are aimed at customers who are comfortable managing their mortgages online, via email or over the phone rather than being able to speak to an advisor face-to-face in-branch.

Easy Street’s interest rates are typically very low to moderately low – so they allow borrowers to potentially save money over the lifetime of the mortgage. While upfront fees for Easy Street mortgages can be moderately high, ongoing fees tend to be very low.

Because Easy Street home loans come with redraw facilities and offset accounts, they also offer a degree of flexibility that some other lenders don’t match.

Likewise, the low minimum deposit amount on some of Easy Street’s home loans provide options for customers even if they aren’t able to put down the standard 20 per cent deposit.

Learn more about Easy Street Financial Services

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

What is the average annual percentage rate?

Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.

The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What is appreciation or depreciation of property?

The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

What happens to your mortgage when you die?

There is no hard and fast answer to what will happen to your mortgage when you die as it is largely dependent on what you have set out in your mortgage agreement, your will (if you have one), other assets you may have and if you have insurance. If you have co-signed the mortgage with another person that person will become responsible for the remaining debt when you die.

If the mortgage is in your name only the house will be sold by the bank to cover the remaining debt and your nominated air will receive the remaining sum if there is a difference. If there is a turn in the market and the sale of your house won’t cover the remaining debt the case may go to court and the difference may have to be covered by the sale of other assets.  

If you have a life insurance policy your family may be able to use some of the lump sum payment from this to pay down the remaining mortgage debt. Alternatively, your lender may provide some form of mortgage protection that could assist your family in making repayments following your passing.