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

By Tom Watson · · 3 min read
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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.

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Last updated 18 September 2024 Important disclosures and comparison rate warning*

Home loan comparisons on Mozo

Promoted

  • Unloan Variable

    • Owner Occupier
    • LVR <80%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

  • Fixed Express Home Loan

    • Owner Occupier
    • Principal & Interest
    Interest rate
    5.99 % p.a.
    Fixed 2 years
    Comparison rate
    6.14 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).

  • 3 Year Special Fixed Home Loan

    • Owner Occupier
    • Principal & Interest
    Interest rate
    5.69 % p.a.
    Fixed 3 years
    Comparison rate
    6.16 % p.a.
    Initial monthly repayment
    $2,899
    Go to site

    This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.

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* 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 $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. 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.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

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