Standard Prime
Easy Refinance Lending 

• Residential | Refinance of existing property only

• 360 months

• 80% Residential

• $50,000

• Residential – Owner Occupied
• Residential – Investment

• Variable

Property purpose

• Residential property 

Credit history

• Clear credit history 

Employment type

• PAYG / self-employed 

Australian Permanent Residents with an acceptable visa 

100, 103, 111, 114, 115, 116, 119, 120, 121, 124, 132, 134 136, 137,  138, 139, 143, 151, 155, 157, 173, 176, 186, 187, 189, 190, 191, 200, 201, 202, 203, 204, 800, 804, 808, 814, 835, 836, 838, 855, 856, 857, 858, 864, 866, 885, 886, 887, 888, 890, 891, 892, 893. 

Temporary Residents acceptable visa list 

160, 161, 162, 163, 164, 165, 188, 300, 309, 310, 401, 403, 405, 407, 410, 415, 416, 420, 422, 423, 428, 444, 457, 461, 475, 482, 485, 487, 491, 494, 590, 790, 820, 870, 884. 

Note: Expats are accepted (An Australian Citizen that does not reside in Australia or New Zealand, a Permanent or Temporary Resident of Australia with an Acceptable Visa or a New Zealand Citizen that does not reside in Australia or New Zealand.) 

Temporary Residents Student visa (subclass 500) no longer accepted

Effective from the 18th May, we will no longer accept Easy Refi home loan applications where one or more applicants holds an Australian Student visa (subclass 500) temporary resident visa.  

All applications received prior to 18th May, where one or more applicants hold a subclass 500 temporary visa, and have either been conditionally or formally approved and yet to settle will be reviewed and considered on a case-by-case basis.  

The existing mortgage being refinanced must be listed on the borrowers Comprehensive Credit Reporting. The following exceptions are allowed. 

1. La Trobe funded loans*

* La Trobe as of the date of this document is not currently a CCR participants however this may change. 

1. Company and Trusts must have been established for a minimum of 24 months. 
2. Written explanation to be provided with the application for any lump sum payments or withdrawals greater than $50,000 identified on the supplied loan statements. 

• Optional redraw facilities
• Visa Debit card available
• Multiple loan split option

Available Redraw
The available redraw balance is always linked to your current credit limit.

• • The borrower may retain access to their available redraw under the existing credit limit, provided that the redraw amount cannot exceed 30% of your current loan balance.

Equity Release (Cash Out)
Equity release is any additional amount the borrower is requesting above the current credit limit as part of a refinance.
Under the Standard Easy Refinance product policy, equity release is currently limited to 3% of the security property value, capped at $50,000. 

Most recent loan statement AND Transaction / Savings / Offset facility statement 

Most recent loan statement:  For the mortgage being refinanced is required covering a minimum of 90 days (3 months) and must confirm the account name and account number, credit limit, current balance, current repayment amount and current interest rate. 

• Where the loan statement is greater than 60 days old then an account transaction listing must also be provided. The account transaction listing must confirm the account name and account number and must not have a gap between the closing balance of the loan statement and the opening/running balance of the account transaction listing. 

Transaction / Savings / Offset facility statement: Covering the same period as the loan statement (and transaction listing if applicable) providing evidence of source of the loan repayments.

• No commercial, or residential construction / vacant land