Online lender and Mozo Experts Choice Online Home Lender of the Year^, Tic:Toc, has continued to ride the rate cut wave today, as it dropped home loan rates again for new customers.
Rates have been slashed across both variable and fixed rate home loans, with the variable rate as low as 2.99% (3.00% comparison*) for owner occupiers making principal and interest repayments.
Since the first RBA decision in June, Tic:Toc has dropped its variable rates 3 times, you heard right 3 times!
With the new cuts, that’s a total 0.48% drop in the last two and a half months.
But Tic:Toc’s variable rate home loan isn’t the only loan showing off the new and improved 2.99% interest rate.
For new borrowers, Tic:Toc made a massive 0.85% cut to the 3 year fixed rate, slashing it from 3.84% (3.92% comparison rate*) to the new 2.99% (3.07% comparison rate*), as well as cut its 1 year fixed rate by 0.40%.
“It is an excellent time for first-time buyers to get into the market, with record low rates and falling property prices in most Australian capital cities,” Tic:Toc CEO, Anthony Braum said.
“We hope the low-rate climate also spurs customers who have been putting off reviewing their home loan, to do so.”
So if you’re a first-home buyer or feel like you need to make the switch from your current loan, meet both Tic:Toc’s variable and fixed home loans.