Tic:Toc home loans

Tic:Toc

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. It is the only Australian financial provider in 2017 with a fully automated mortgage application process from start to finish, where the approval turnaround time is almost instantaneous at only 22 minutes. Learn more about the time-saving online lender below...

Rates and fees verified as correct at 21 October, 2017. Other information correct at the time of writing.

What home loans do Tic:Toc offer?

Fixed Rate Home Loans 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 ‡

4.42% p.a.

4.11% p.a.

$0.00

$0

4.32% p.a.

3.78% p.a.

$0.00

$0


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Variable Rate Home Loans 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 ‡

3.99% p.a.

4.00% p.a.

$0.00

$0

3.58% p.a.

3.59% p.a.

$0.00

$0


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Frequently Asked Questions about Tic:Toc home loans

Do I have to apply online?

Yes, but while the fintech provider may not have physical branches that you can walk into like a typical bank, if you need help with your application or have questions you can still reach out via its live chat service or by giving Tic:Toc a ring.

Tic:Toc home loan features in a glance

FeatureExplainer
Low rates




$0 application fees







Fast approval






Flexible repayments
FeatureExplainer
Low rates




$0 application fees







Fast approval






Flexible repayments



Additional repayments facility

Free redraw facility

Optional offset account

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.

How are Tic:Toc home loans rated?

Tic:Toc home loans

There are no ratings yet for Tic:Toc home loans.

* Overall rating based on reviews in the past 12 months.

Recent Tic:Toc home loan reviews Recent Tic:Toc home loan reviews

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Tic:Toc home loan? 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 20% 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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