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Tic:Toc Variable Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $2,000,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $50,000 $2,000,000

Rate
2.39% p.a.
Comparison Rate*
2.40% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.62% p.a.
Comparison Rate*
3.62% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.90% p.a.
Comparison Rate*
2.91% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.00% p.a.
Comparison Rate*
2.92% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Tic:Toc Variable Home Loan

Last updated: 21 May 2020.

binocular icon
What's hot
  • 2.39% variable rate (2.40% comparison rate)*
  • 2020 Mozo Experts Choice Online Home Lender of the Year
  • Four other 2020 Mozo Experts Choice Awards
  • As little as 10% deposit required
What's not
  • Offset account requires $10 monthly fee
Mozo snapshot

Offering an alarmingly low variable rate of 2.39% (2.40% comparison rate)* for owner occupiers and a mortgage approval process that only takes 22 minutes, the Variable Home Loan by Australia’s newest online lender Tic:Toc stands out in the online lending space - part of the reason why it took out the title of 2020 Mozo Experts Choice Online Home Lender of the Year. 

But that’s not all this mortgage has going for it - there’s an offset account available on an opt-in basis, fee-free redraw facility and flexible repayments. In fact, the Variable Home Loan also picked up a staggering four other 2020 Mozo Experts Choice Awards for best Low Cost Home Loan, Investor Home Loan, First Home Buyer Loan and Offset Home Loan.

key icon
Key features

If you’re looking for a low rate mortgage, the Tic:Toc Variable Rate Home Loan is well worth considering with an interest rate of only 2.39% (2.40% comparison rate)* for owner occupiers and 2.90% (2.91% comparison rate)* for investors. The fintech lender has one of the fastest approval times in the market - it can literally approve your loan in 22 minutes! While you apply 100% online Tic:Toc also has customer support you can talk to over the phone or via an online chat.

The Tic:Toc Variable Rate Home Loan is suitable for those looking to borrow as much as 90% of the property’s value and loan amounts can range from $50,000 to $2,000,000. While there are $0 application fees required, if you choose to have an offset account active, which is a great way to reduce the interest on your home loan, you’ll pay $10 every month.

On the flexibility front, you can choose between weekly, fortnightly or monthly loan repayments, make extra repayments at any time, and if needed, dip into any additional home loan repayments free of charge via a redraw facility. At the end of the loan term, just be aware there is a $325 discharge fee.

snapshot
Who is it good for

Homeowners in the market for a low rate home loan that offers a quick application turnaround, while at the same time doesn’t fall short on the perks of an optional offset account and free redraw facility.

snapshot
Any catches
The Tic:Toc variable loan is only available for established dwellings so if you’re looking to buy off the plan or a block of land you’ll need to apply for a different home loan. To start your search, head over to Mozo’s home loan comparison hub.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.39% p.a.

  • n/a

  • n/a

  • n/a

  • 2.40% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • no

  • Optional - $10 per month

  • PEXA service fee of approximately $60 may be payable for online settlement, or approximately $80-$200 for paper settlement if required.

  • none

  • none

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.62% p.a.

  • n/a

  • n/a

  • n/a

  • 3.62% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • no

  • Optional - $10 per month

  • PEXA service fee of approximately $60 may be payable for online settlement, or approximately $80-$200 for paper settlement if required.

  • none

  • none

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.90% p.a.

  • n/a

  • n/a

  • n/a

  • 2.91% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • no

  • Optional - $10 per month

  • PEXA service fee of approximately $60 may be payable for online settlement, or approximately $80-$200 for paper settlement if required.

  • none

  • none

*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.

Details

Rates and fees information correct as at 7 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.00% p.a.

  • n/a

  • n/a

  • n/a

  • 2.92% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • no

  • Optional - $10 per month

  • PEXA service fee of approximately $60 may be payable for online settlement, or approximately $80-$200 for paper settlement if required.

  • none

  • none

*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.

Customer Reviews

How are Tic:Toc home loans rated by the Mozo community?

Overall customer rating
9.0/10
Price
10.0/10
Features
10.0/10
Customer service
10.0/10
Convenience
9.0/10
Trust
9.5/10

Latest reviews of Tic:Toc Variable Home Loan

  • 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 days ago
  • 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 8 months ago

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