Tic:Toc goes back-to-back with second straight Online Home Lender of the Year Award

Tom Watson

19 Mar 2020

redactor/hero-images/1467/tic-toc-meca-2020_content.jpg

Defending a title is never easy, but online home loans provider Tic:Toc has done just that by winning the major 2020 Mozo Experts Choice Award title of Online Home Lender of the Year for a second year running.

Since its launch in 2017 the Adelaide-based fintech has made quite an impression on the Mozo expert judges, having already taken out a Home Loan Innovation Award for its speedy home loan application process in 2018, as well as the major Online Home Lender of the Year Award in 2019.

And this year was no different. 

In addition to being named Online Lender of the Year, Tic:Toc also performed impressively across the board. The lender’s Fixed and Variable Home Loans took out six other 2020 Mozo Experts Choice Awards, including for best: 

  • - Fixed Rate Home Loan

  • - Investor Fixed Home Loan

  • - Low Cost Home Loan

  • - First Home Buyer Loan

  • - Investor Home Loan

  • - Offset Home Loan 

Tic:Toc was one of the 86 Australian lenders considered in this year’s awards. In fact, Mozo’s experts analysed well over 400 different home loans as part of the judging process with the top 10% of products in each award category typically named as winners^.

“With seven awards under their belt, there’s no doubt that Tic:Toc were one of the most successful lenders in this year’s Mozo Experts Choice Home Loan Awards,” said Expert Judge, Peter Marshall.  

“Winning the Online Provider of the Year Award for a second straight year is no mean feat either, especially given how competitive the online space is.” 

“Given the number of online lenders on the market, not to mention the impact recent RBA reductions have had on fueling competition, the fact that Tic:Toc has managed to shine through yet again speaks volumes.” 

What sets Tic:Toc apart? 

One of the main standout points across the Tic:Toc home loans suite is its competitive interest interest rates. 

For instance, the Tic:Toc Variable Home Loan with its 2.54% variable rate (2.55% comparison rate*) for owner occupiers making principal and interest repayments is currently one of the lowest variable rates in the Mozo database, sitting 1.13% above the current Mozo average of 3.67%. 

Aside from rates, the other string to the Tic:Toc bow is its online application process. As you’d expect from an online lender, Tic:Toc has aimed to make the process of applying for a home loan both faster and more convenient. 

As we mentioned above, Tic:Toc actually took out the 2018 Mozo Experts Choice Award for Home Loan Innovation for its speedy home loan approval process - a process which it says can  deliver a home loan (with a contract) in just 58 minutes. 

Ready to read up on all of the Home Loan Awards winners? Check out the full 2020 Mozo Experts Choice Awards winners list, or head on over to our home loan comparison tables for even more great offers.      

^Have a look at the methodology report for more information about the 2020 Mozo Experts Choice Home Loan Awards judging process.

Compare home loans - rates updated daily

  • Promoted

    Macquarie

    2.54% p.a. variable

    2.81% p.a.

    $1234

    Product details Close details
    Offset Home Loan Package

    Handy offset account to help pay your home loan off sooner. Up to 10 offset accounts per loan account available. Fee free access at ATMs. Waived credit card annual fee. $0 international purchase fees.

    • 2.54% p.a. variable

    • 2.81% p.a.

    • $0

    • $248.00 yearly

    • $400.00

    • yes - free

    • yes - free

    • yes

    • $0

    • 70.00%

    • $150,000

    • $5,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Monthly

    Read our Mozo Review to learn more about the Offset Home Loan

  • Promoted

    loans.com.au

    2.48% p.a. variable

    2.50% p.a.

    $1234

    Product details Close details
    Smart Home Loan 80

    A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. Mozo Experts Choice Low Cost Home Loan 2020.^ You'll need to be borrowing $1 million or less and have at least a 20% deposit required.

    • 2.48% p.a. variable

    • 2.50% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • Optional - with 0.10% additional interest

    • $520

    • 80.00%

    • $50,000

    • $1,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Smart Home Loan 80

  • Promoted

    HSBC

    2.09% p.a.
    fixed 2 years

    2.98% p.a.

    $1234

    Product details Close details
    Fixed Rate Home Loan

    Have the security of a fixed rate for 2 years with the option to split with one of the HSBC variable Home Loans. No ongoing monthly service fees or annual fees. Mozo Experts Choice Fixed Home Loan 2020^

    • 2.09% p.a.
      fixed 2 years

    • 2.98% p.a.

    • $0

    • $0.00

    • $300.00

    • yes - free up to $10,000 p.a.

    • no

    • no

    • $0

    • 80.00%

    • $50,000

    • $7,500,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Rate Home Loan

  • Promoted

    Athena

    2.34% p.a. variable

    2.34% p.a.

    $1234

    Product details Close details
    Celebrate Variable Home Loan

    Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^

    • 2.34% p.a. variable

    • 2.34% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • $0

    • 60.00%

    • $100,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Celebrate Variable Home Loan

  • Promoted

    UBank

    2.49% p.a. variable

    2.49% p.a.

    $1234

    Product details Close details
    UHomeLoan - Discount Offer

    Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.

    • 2.49% p.a. variable

    • 2.49% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • $0

    • 80.00%

    • $100,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the UHomeLoan - Discount Offer

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.