Tic:Toc Variable Home Loan

This product is available in different versions. Pick the right version for you here.

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

2.79% p.a.

2.80% p.a.

$0.00

Tic:Toc Variable Home Loan

2.79% p.a.

2.80% p.a.

$0.00

4.87% p.a.

3.33% p.a.

$0.00

Tic:Toc Variable Home Loan

4.87% p.a.

3.33% p.a.

$0.00

3.15% p.a.

3.16% p.a.

$0.00

Tic:Toc Variable Home Loan

3.15% p.a.

3.16% p.a.

$0.00

3.25% p.a.

3.17% p.a.

$0.00

Tic:Toc Variable Home Loan

3.25% p.a.

3.17% p.a.

$0.00

Mozo Review   Tic:Toc Variable Home Loan Review

Last updated: 5 December 2019.

What's hot:
  • 2.79% variable rate (2.80% comparison rate)*

  • 2019 Mozo Experts Choice Online Home Lender of the Year

  • As little as 10% deposit required

What's not:
  • Offset account requires $10 monthly fee

Mozo snapshot:

Offering an alarmingly low variable rate of 2.79% (2.80% 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 2019 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 three 2019 Mozo Experts Choice Awards for best Low Cost Home Loan, Investor Home Loan and Offset Home Loan.

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 2.79% (2.80% comparison rate)* for owner occupiers and 3.15% (3.16% 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.

Who it's 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.

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 28 January 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
  • 2.79% p.a.

  • n/a

  • n/a

  • n/a

  • 2.80% 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 28 January 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
  • 4.87% p.a.

  • n/a

  • n/a

  • n/a

  • 3.33% 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 28 January 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
  • 3.15% p.a.

  • n/a

  • n/a

  • n/a

  • 3.16% 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 28 January 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
  • 3.25% p.a.

  • n/a

  • n/a

  • n/a

  • 3.17% 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
10.0/10
Trust
10.0/10

Latest review of Tic:Toc Variable Home Loan

  • 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 3 months ago

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2.88% p.a. variable

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$520

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3.09% p.a. variable

3.09% p.a.

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Bank of Queensland

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2.99% p.a.
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3.72% p.a.

$450

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3.19% p.a.

$799

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3.19% p.a. variable

3.23% p.a.

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2.88% p.a. variable

2.90% p.a.

$520

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2.84% p.a. variable

2.84% p.a.

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2.84% p.a. variable

2.80% p.a.

$0

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Macquarie

Macquarie

Basic Home Loan

3.09% p.a. variable

3.09% p.a.

$0

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Homestar

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Star Essentials Home Loan

2.74% p.a. variable

2.77% p.a.

$596

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Discount Variable Home Loan

3.07% p.a. variable

3.12% p.a.

$750

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UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0

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Smart Home Loan

2.88% p.a.

2.90% p.a.

$520

Promoted

Macquarie

Macquarie

Basic Home Loan

3.09% p.a.

3.09% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.19% p.a.

3.23% p.a.

$0

Promoted

Athena

Athena

Variable Home Loan

2.84% p.a.

2.80% p.a.

$0

Promoted

IMB Bank

IMB Bank

Budget Home Loan

3.13% p.a.

3.19% p.a.

$799

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Essentials Variable

3.04% p.a.

3.06% p.a.

$520

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Heritage Bank

Heritage Bank

Discount Variable Home Loan

3.07% p.a.

3.12% p.a.

$750

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Fixed Home Loan

2.99% p.a.
fixed 3 years

3.27% p.a.

$520

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.84% p.a.
fixed 3 years

3.59% p.a.

$395

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Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

3.72% p.a.

$450

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Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.89% p.a.
fixed 3 years

3.96% p.a.

$0

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Heritage Bank

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Fixed Rate Loan (Home Advantage)

2.99% p.a.
fixed 3 years

3.59% p.a.

$150

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Fixed Home Loan

3.79% p.a.
fixed 3 years

3.47% p.a.

$520

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Heritage Bank

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Fixed Rate Loan (Home Advantage)

2.99% p.a.
fixed 3 years

3.59% p.a.

$150

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Mortgage House

Mortgage House

Advantage Home Loan (Fixed)

2.79% p.a.
fixed 3 years

3.13% p.a.

$840

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Homestar

Homestar

Star Essentials Home Loan

2.74% p.a.

2.77% p.a.

$0.00

*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.