Rates and fees verified as correct at 20 September, 2021. Other information correct at the time of writing. Advertiser disclosure.
Are you after a mortgage with the security of fixed loan repayments that offers a competitive rate and flexible account features? Then Tic:Toc's Fixed Home Loan is well worth considering. Unlike many fixed rate home loans, borrowers will be able to make additional repayments (free up to $20,000 during the fixed rate period), dip into them via a redraw facility, opt for an optional offset account as well as choose your repayments schedule. The offer is available to both owner occupiers and investors on loans above $50,000, but plug your numbers into the calculator below for a better picture of what your monthly repayments could look like:
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
2.82% p.a. |
2.84% p.a. |
$0.00 |
$0 |
||
|
2.14% p.a. |
1.96% p.a. |
$0.00 |
$0 |
||
|
2.92% p.a. |
2.87% p.a. |
$0.00 |
$0 |
||
|
2.35% p.a. |
2.73% p.a. |
$0.00 |
$0 |
If flexibility is a must for you when it comes to choosing a home loan, Tic:Toc’s Variable Home Loan won’t disappoint. Not only does Tic:Toc's variable rate home loan offer competitively low interest rates compared to the major banks, both owner occupier and investor borrowers can enjoy $0 application fees, no monthly fees (unless they opt for an offset account), and a free redraw facility to access funds when they’re ahead on mortgage repayments. Need we say more? Run your numbers through Mozo’s calculator for a hypothetical on what you’d be paying every month for a variable rate mortgage with Tic:Toc:
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
2.70% p.a. |
2.84% p.a. |
$0.00 |
$0 |
||
|
1.89% p.a. |
1.90% p.a. |
$0.00 |
$0 |
||
|
2.65% p.a. |
2.80% p.a. |
$0.00 |
$0 |
||
|
2.19% p.a. |
2.20% p.a. |
$0.00 |
$0 |
Nabbing a mortgage with a low interest rate will be at the top of the list for many borrowers, which is why Tic:Toc's fixed and variable rate offers may be worth a look because they offer some of the most competitive rates around.
One of the benefits of opting for an online lender such as Tic:Toc is that you get to skip all the admin fees normally involved with providers who operate in bricks and mortar facilities.
Tic:Toc offers the world’s first 'instant' home loan, which means that it can approve mortgage applications in as little as 22 minutes.
On a fixed rate loan you can make up to $20,000 worth of extra loan repayments during the fixed rate period, whereas with the variable rate version there is no limit. Unexpected bills and expenses can crop up now and then though, so borrowers may also be pleased to know that they'll have access to any extra repayments they've made via an online redraw facility.
All Tic:Toc home loans give borrowers the option to pay $10 per month for an offset account, which could prove a handy feature to help mortgage holders minimise the interest they pay over time.
Mozo users have rated Tic:Toc home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
3 Reviews
Great rate pulled me in. Then I find application is for full credit approval (not just pre-approval like other lenders). But it says I'll find out straight away so I apply. Then it says my file is too complicated so I have to wait for someone to get back to me. Then I wait about a month and receive an email saying my application hasn't been successful. No call to explain or discuss, just a rejection email. Then I call back and speak to credit assessor Ryan who tells me they don't consider loans if the debt to income ratio is above six. If I would have known that at the start I would never have applied. Don't bother unless your situation is super vanilla and straight forward. Total lack of transparency about serviceability requirements and wait times. I had to wait a whole month and now have the credit application on my file.
Read full reviewGreat rate pulled me in. Then I find application is for full credit approval (not just pre-approval like other lenders). But it says I'll find out straight away so I apply. Then it says my file is too complicated so I have to wait for someone to get back to me. Then I wait about a month and receive an email saying my application hasn't been successful. No call to explain or discuss, just a rejection email. Then I call back and speak to credit assessor Ryan who tells me they don't consider loans if the debt to income ratio is above six. If I would have known that at the start I would never have applied. Don't bother unless your situation is super vanilla and straight forward. Total lack of transparency about serviceability requirements and wait times. I had to wait a whole month and now have the credit application on my file.
The services, processes and the rate is pretty competitive. However, as an online lender, they don't support government support funds such as first home buyers benefits sort of things. You have to deal with it by yourself and they did not seem very knowledgeable about that, especially local state government supports. If you are good at that, tic toc is good.
Read full reviewThe services, processes and the rate is pretty competitive. However, as an online lender, they don't support government support funds such as first home buyers benefits sort of things. You have to deal with it by yourself and they did not seem very knowledgeable about that, especially local state government supports. If you are good at that, tic toc is good.
Tic:Toc offers unbeatable rates with great service.
Read full reviewTic:Toc offers unbeatable rates with great service.
If you’re sold on Tic:Toc home loans, by all means go ahead and apply! Just make sure you have the following details ready to include in your online submission:
Once you’ve uploaded your personal details, Tic:Toc will ask you what you think your monthly expenses are. Then it will do some number crunching behind the scenes and if successful you could become a mortgage holder sooner than you thought possible.