Tic:Toc launches low deposit and $1,000 cashback home loan offer

By Remy Taylor · · 2 min read
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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.”

RELATED STORY: Meet the lenders taking on the big banks in 2019

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.

Home loan comparisons on Mozo

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can compare more home loans here.
Last updated 27 July 2024 Important disclosures and comparison rate warning*

Promoted

  • Basic Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.22 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

  • OMG Home Loan

    • Owner Occupier
    • Principal & Interest
    • >80% LVR
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.32 % p.a.
    Initial monthly repayment
    $4,328
    Go to site

    BCU Bank’s OMG owner occupied home loan offers a variety of great low rates depending on your deposit. Save with no ongoing annual fees. Access your extra payments when you need to through the redraw facility. Pre-approval valid for 3 months.

  • Basic Home Loan

    • Fixed
    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.75 % p.a.
    Fixed 3 years
    Comparison rate
    7.09 % p.a.
    Initial monthly repayment
    $4,540
    Go to site

    Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.

  • Offset Home Loan

    • Fixed
    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.75 % p.a.
    Fixed 3 years
    Comparison rate
    7.30 % p.a.
    Initial monthly repayment
    $4,540
    Go to site

  • Special Real Deal Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.84 % p.a.
    Variable
    Comparison rate
    6.88 % p.a.
    Initial monthly repayment
    $4,582
    Go to site

    Refinancers or first home buyers pay no monthly or annual fees. Up to $3,000 cashback when you complete your home loan application online. $2,000 cashback on loans ≥$250K; or $3,000 cashback on loans ≥$500K. LVR ≤80%. T&Cs and credit criteria apply.

  • Basic Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.22 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

  • Offset Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.43 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

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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.

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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.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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