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

By Remy Taylor ·

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.

5 low deposit home loans - last updated January 21, 2021

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    3.14% p.a. variable

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  • 1.99% p.a.
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    3.64% p.a.


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