Rates and fees verified as correct at 27 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
Looking for a mortgage that will give you the security of fixed loan repayments, while at the same time offer a competitive rate and flexible account features? Then a Tic:Toc fixed rate home loan is well worth considering, because you can make additional repayments (up to a set amount during the fixed rate period), dip into them via a redraw facility, opt for an optional offset account as well as choose your repayments schedule. Plug your numbers into the calculator below for a picture of what your monthly repayments could potentially look like:
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
|
2.72% p.a. |
2.88% p.a. |
$0.00 |
$0 |
|||
|
2.32% p.a. |
2.38% p.a. |
$0.00 |
$0 |
Go to site | ||
|
2.72% p.a. |
2.83% p.a. |
$0.00 |
$0 |
|||
|
2.52% p.a. |
2.78% p.a. |
$0.00 |
$0 |
If flexibility is a must for you when it comes to choosing a home loan, Tic:Toc’s variable rate mortgage won’t disappoint. Not only does the online-only provider offer competitively low interest rates compared to the major banks, borrowers can enjoy $0 application fees, no monthly fees unless they opt for an offset account, and a free redraw facility to access funds when they’re ahead on mortgage repayments. Need we say more? Run your numbers through Mozo’s calculator for a hypothetical on what you’d be paying every month for a variable rate mortgage with Tic:Toc:
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
|
4.62% p.a. |
3.58% p.a. |
$0.00 |
$0 |
|||
|
2.19% p.a. |
2.20% p.a. |
$0.00 |
$0 |
Go to site | ||
|
3.00% p.a. |
2.91% p.a. |
$0.00 |
$0 |
|||
|
2.85% p.a. |
2.86% p.a. |
$0.00 |
$0 |
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
Nabbing a mortgage with a low interest rate is important, so if it’s at the top of the list for you you’ll appreciate the competitive fixed and variable rates Tic:Toc offers.
One of the benefits of opting for an online-only provider such as Tic:Toc, is that you get to skip all the admin fees normally involved with providers who operate in bricks and mortar facilities.
Tic:Toc offers the world’s first instant home loan, which means that it can approve mortgage applications in as little as 22 minutes.
Whichever Tic:Toc loan you decide to go with, you’ll have the ability to choose from weekly, fortnightly or monthly repayments.
On a fixed rate loan you can make up to $20,000 worth of extra loan repayments during the fixed rate period, whereas with the variable rate version there is no limit.
Unexpected bills and expenses can crop up now and then, so it’s good to know you’ll have access to any extra repayments you’ve made while paying off your mortgage.
All Tic:Toc home loans give borrowers the option to pay $10 per month for an offset account, which is a great way to minimise interest charges over time.
Mozo users have rated Tic:Toc home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
The services, processes and the rate is pretty competitive. However, as an online lender, they don't support government support funds such as first home buyers benefits sort of things. You have to deal with it by yourself and they did not seem very knowledgeable about that, especially local state government supports. If you are good at that, tic toc is good.
Read full reviewThe services, processes and the rate is pretty competitive. However, as an online lender, they don't support government support funds such as first home buyers benefits sort of things. You have to deal with it by yourself and they did not seem very knowledgeable about that, especially local state government supports. If you are good at that, tic toc is good.
Tic:Toc offers unbeatable rates with great service.
Read full reviewTic:Toc offers unbeatable rates with great service.
If you’re sold on Tic:Toc home loans, by all means go ahead and apply! Just make sure you have the following details ready to include in your online submission:
Once you’ve uploaded your personal details, Tic:Toc will ask you what you think your monthly expenses are. Then it will do some number crunching behind the scenes and if successful you could become a mortgage holder sooner than you thought possible.
