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The Well Easy
home loan

A product for those who haven't had credit problems in the last 2 years.

Interest rates start from

Interest Rate
5.37% p.a.*
Comparison Rate
5.69% p.a.*

Making it easy, when others make it hard

There's always times where you might not have a squeaky clean credit report. A few blemishes won't stop us from making it easy to apply for a home loan.

Why your scenario might fit?

Our Easy product can help if you're having troubles with other lenders:

  • Unlimited defaults under $1,000 accepted (paid or unpaid)
  • Unlimited defaults, judgements and writs registered more than 24 months ago can be considered
  • Unlimited number of debts can be consolidated - assuming you'll be better off of course
  • Redraw facility and Visa debit card access
  • Purchase or refinance purposes allowed
  • Cash out available for some acceptable purposes like renovations or paying ATO debts

Who fits the Easy scenario?

The Well Easy product is ideal for those that have had a few credit blemishes in the past. If you've been knocked back because of credit related reasons, then this could fit just right. Some of the scenarios that fit nicely include:

  • Too many debts - You might find that you've got way too many debts and it's best to get them all consolidated into one simple payment. Unlimited number of debts can be consolidated.
  • A few small defaults - Sometimes a few of those credit nasties find their way onto your credit report. That's OK, the Easy product can accept defaults less than $1,000 being listed there.
  • Tax debts owing? - If you've built up some equity in your house and have a tax debt coming up, the Easy product can provide cash out for just this purpose (amongst others too!)

Just because you had some credit problems a while ago, that shouldn't stop you from getting a loan

What does “from” really mean?

You might have just seen at the top of this page our headline rates and that they start from a certain rate. As part of our transparency of information to you, here you can find out what that really means.

Interest rate start from

5.37% p.a.
Interest Rate
5.69% p.a.
Comparison Rate

But can go up to

8.02% p.a.
Interest Rate
8.34% p.a.
Comparison Rate
Apply for this loan now »

The comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.

Why the big difference?

For our range of specialist home loan products, the interest rate that applies to your situation is impacted by the overall LVR of the loan that you’re applying for. For a higher LVR loan, the interest rate is higher to reflect a higher level of risk that might be involved. Other things that might impact your interest rate include whether you are seeking an interest only loan, which is typically higher than a principal and interest loan.

Keep on reading and use our handy tools to see if this is the right product for you.

And what about fees and charges?

Now for the fees and charges bit. Every loan will attract some fees and we'll give you a full breakdown in a loan contract if you are approved and want to proceed. But for now, here's the lowdown.

Establishment Fee:

$995


Valuation Fee:

From $240, we'll let you know once we get a quote on your property.


Lender Protection Fee:

None - Mortgage Risk Fee applies instead (see below).


Monthly Administration Fee:

$15 per month per loan account (i.e. per split account).


Legal Fee:

From $440 plus disbursements - we'll let you know in the loan contract.


Discharge Fee:

$250 per loan.


Title Protection Fee:

$400 per loan.


Mortgage Risk fee:

Up to 2.0% of the amount advanced.

Is the Well Easy product right for me?

Determining if this product is right for you depends on a number of factors including your credit history, loan amount, property location and employment situation. Our scenario tools will help you to better understand your situation and which Well Home Loans product is most suitable.

If you're refinancing

Refinancing with Well could see you better off in the long run. Understanding your options is just the first step.

If you're purchasing

Purchasing a home is made easier with our innovative product range. We take you through the process step by step.

Convinced this is the right one?

If you're ready to jump in and start the process, you can do that easily right here!

Skip the marketing and apply now »

So, you're a product specs kind of person?

Ok, so you've read through all the marketing above and while we think this is a great product, you just want to dig a little deeper? That's cool, we get it. We always read the in-depth specs before we jump in too.

Take a look at the product specs for this loan »

How we assess your situation

Most other lenders have rigid eligibility criteria, and if you don't fit their mold then you don't qualify for a loan. At Well, we've tailored home loans that can fit different situations.

What you earn

We look at what you earn over a different period of time than a traditional lender. This can suit those that show irregular income over shorter time frames.

What you owe

Using rough percentages isn't the best way to work out exactly what you owe to other people. We get the right information to help you see the bigger picture.

What you spend

Looking at what you actually spend rather than just relying on benchmarks means we know more about your situation. Who even has 2.3 kids anyway?

What's your history

No Credit Scoring! We look at each record on your credit report to get a proper picture of you and your credit history. We don't like to put a score on people's lives.

Our disclaimers and things you should know

We like to be as transparent as possible. So when we put little asterisks or marks next to things, there's definitely some things that you should know. We've got them all laid out right here for you!

* Comparison rate warning

The comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.

* Interest rate warning

Interest rates current as at the following date: Sunday 21st, April 2019. Interest rates that are quoted are current at the date above. Interest rates are subject to change at any time without notice. The actual interest rate on your home loan will be quoted at the time of settlement along with the actual repayment amounts. Interest Rates may change between the time of your application and settlement of your loan due to market conditions. If you have paid a Rate Lock Fee, the rate provided will be listed on your letter of offer and will take effect upon acceptance and payment of the rate lock fee.

Discover the right solution for you

We're not a stuffy old bank. We're a modern online home loan provider.