9.0 / 10

based on 2 reviews as rated by Mozo community

Tic:Toc home loans

Backed by the well-known Bendigo and Adelaide Banks, fintech lender Tic:Toc offers innovative home loan solutions for owner occupiers as well as property investors - including the 22 minute online home loan application.

Tic:Toc was recognised for its great value home loan products in 2020 when it took out the major title of Mozo Online Home Lender of the Year. They were also recognised by the Mozo  Expert Choice Award Judges in a number of other categories including for best: Fixed Rate Home Loan, Investor Fixed Home Loan, Low Cost Home Loan, First Home Buyer Loan, Investor Home Loan and Offset Home Loan.

What home loans do Tic:Toc offer?

Rates and fees verified as correct at 27 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

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:

Home loan repayments calculator

years

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

Variable Rate Home Loans

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:

Home loan repayments calculator

years

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

*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.

‡ 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.

Tic:Toc home loan features in a glance

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Low rates

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.

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$0 application fees

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.

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Fast approval

Tic:Toc offers the world’s first instant home loan, which means that it can approve mortgage applications in as little as 22 minutes.

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Flexible repayments

Whichever Tic:Toc loan you decide to go with, you’ll have the ability to choose from weekly, fortnightly or monthly repayments.

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Additional repayments facility

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.

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Free redraw facility

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.

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Optional offset account

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.

How are Tic:Toc home loans rated?

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.

Icon of  home-loans
Tic:Toc home loans
Overall
9.0/10
Price
Features
Customer service
Convenience
Trust
2 reviews

Recent Tic:Toc home loan reviews

Tic:Toc Variable Home Loan review
Overall 9/10
Competitive, but limitations as an online lender

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 review

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.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
9/10
Less
Yunsik, Western Australia reviewed 4 months ago
Tic:Toc Variable Home Loan review
Overall 9/10
Unbeatable rates with great service.

Tic:Toc offers unbeatable rates with great service.

Read full review

Tic:Toc offers unbeatable rates with great service.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Janet, New South Wales reviewed 12 months ago

What do you need to apply for a Tic:Toc home loan?

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:

  • At least one form of ID such as your driver’s licence, passport or Medicare card
  • Evidence that you receive regular income (or have a big pile of savings), which may require you to supply Tic:Toc with your banking login details
  • Proof that you have a 10% home loan deposit

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.

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