Tic:Toc launches low deposit and $1,000 cashback home loan offer
Mozo Experts Choice Online Home Lender of the Year 2019, Tic:Toc, has just spun a great new offer into the web of its great value home loan products.
From today, borrowers can access low-cost home loans from the online lender with as little as 10% deposit. By closing the loan-to-value ratio (LVR) gap, Tic:Toc hopes to take the pressure off borrowers with a low deposit or less equity in their home.
Tic:Toc founder and CEO, Anthony Baum, said the lender hopes to give first home buyers a leg up in the ever-challenging housing market. Comparing the big four banks’ average standard variable with Tic:Toc’s low deposit option, he said customers borrowing $500,000 could save as much as $510 a month on repayments - that’s over $6,000 in a year!
“We’re proud to offer first home buyers the same opportunity to access our award-winning home loans, as customers who have been fortunate enough to build equity in an existing home or save larger deposits,” he said.
“While housing affordability is a huge concern for home buyers, it’s actually a good time to have a home loan because of market competition. Online home loans are typically reserved for customers with a 20% deposit, so we’re excited to give first home buyers, and those homeowners with a smaller equity base, the same home finance options.”
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But that’s not all, the fintech lender has also launched a $1,000 cashback offer to all new customers who take out a Tic:Toc home loan, no matter how much you’re borrowing or what type of loan you take out. This means those entering the property market for the first time, with at least a 10-20% deposit, can access the keys to their home sooner rather than later.
As an innovative fintech lender, Tic:Toc’s home loans have benefits galore, here are just some of the great features that come with the low deposit home loan:
- Less than 22 minute online home loan application
- No application, valuation, assessment or settlement fees
- $1,000 cashback on settlement
- Free redraw facility
If you’re after a low deposit home loan to help you get into the property market, head over to our low deposit home loan comparison tool to check out more great low deposit home loan options, or take a look at the table below.
5 low deposit home loans - rates updated daily
Fixed Home Loan
Owner Occupier, Principal & Interest
interest rate
comparison rate
Initial monthly repayment
2.88% p.a.
fixed 3 years2.89% p.a.This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
Fixed Home Loan
This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - free up to $10,000 p.a.
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $50,000
- maximum borrowing amount
- $1,000,000
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Fixed Home Loan
Back to Basics Special
LVR<90%, Owner Occupier, Principal & Interest
interest rate
comparison rate
Initial monthly repayment
2.59% p.a. variable2.60% p.a.No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.
Back to Basics Special
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.
- Ongoing fees
- $0.00
- Discharge Fee
- $350.00
- Extra repayments
- Yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- -
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Back to Basics Special
Well Balanced
Owner Occupier, Principal & Interest, LVR <90%
interest rate
comparison rate
Initial monthly repayment
2.52% p.a. variable2.55% p.a.A great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.
Well Balanced
A great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.
- Ongoing fees
- $0.00
- Discharge Fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- Optional - $10 per month
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $200,000
- maximum borrowing amount
- $2,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Well Balanced
Fixed Home Loan Special Offer
Owner Occupier, Principal & Interest
interest rate
comparison rate
Initial monthly repayment
2.09% p.a.
fixed 3 years2.93% p.a.No monthly account keeping fees & No loan establishment fee. Get up to $3,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan. T&Cs & eligibility criteria apply.
Fixed Home Loan Special Offer
No monthly account keeping fees & No loan establishment fee. Get up to $3,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan. T&Cs & eligibility criteria apply.
- Ongoing fees
- $375.00 yearly
- Discharge Fee
- $350.00
- Extra repayments
- yes - free up to $500 per month
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- -
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Fixed Home Loan Special Offer
Well Balanced
Investor, Principal & Interest, LVR <90%
interest rate
comparison rate
Initial monthly repayment
2.87% p.a. variable2.90% p.a.Low variable rate home loan for Investors up to 90% LVR with no ongoing fees, free extra repayments and redraw facilities. Winner of the Offset Home Loan Expert's Choice Award for 2021.
Well Balanced
Low variable rate home loan for Investors up to 90% LVR with no ongoing fees, free extra repayments and redraw facilities. Winner of the Offset Home Loan Expert's Choice Award for 2021.
- Ongoing fees
- $0.00
- Discharge Fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- Optional - $10 per month
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $200,000
- maximum borrowing amount
- $2,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Investor
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Well Balanced
^See information about the Mozo Experts Choice Home Loans Awards
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