Tic Toc home loan repayment calculator

Thinking about taking out a home loan with Tic Toc? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Tic Toc home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 1.89 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Offset accounts
  • Loans can be approved, with a contract, same-day
  • No application fees, valuation fees or loan processing fees
  • No face-to-face contact or branch access
  • Maximum loan-to-value ratio (LVR) of 90 per cent
  • Doesn't offer specialty loans

Tic Toc home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

1.89%

Fixed - 2 years

$0

2.15%

$0
Tic Toc
More details

1.99%

Fixed - 3 years

$0

2.15%

$0
Tic Toc
More details

1.89%

Fixed - 1 year

$0

2.18%

$0
Tic Toc
More details

2.19%

Variable

$0

2.20%

$0
Tic Toc
More details

2.49%

Fixed - 4 years

$0

2.30%

$0
Tic Toc
More details

2.19%

Variable

$0

2.34%

$0
Tic Toc
More details

2.33%

Variable

$0

2.34%

$0
Tic Toc
More details

2.69%

Fixed - 5 years

$0

2.39%

$0
Tic Toc
More details

2.25%

Fixed - 3 years

$0

2.55%

$0
Tic Toc
More details

2.29%

Fixed - 2 years

$0

2.58%

$0
Tic Toc
More details

2.17%

Fixed - 1 year

$0

2.60%

$0
Tic Toc
More details

2.39%

Fixed - 1 year

$0

2.62%

$0
Tic Toc
More details

2.49%

Fixed - 2 years

$0

2.62%

$0
Tic Toc
More details

2.59%

Fixed - 3 years

$0

2.63%

$0
Tic Toc
More details

2.63%

Variable

$0

2.64%

$0
Tic Toc
More details

2.72%

Fixed - 2 years

$0

2.65%

$0
Tic Toc
More details

2.72%

Fixed - 1 year

$0

2.65%

$0
Tic Toc
More details

2.72%

Fixed - 3 years

$0

2.66%

$0
Tic Toc
More details

2.79%

Fixed - 4 years

$0

2.69%

$0
Tic Toc
More details

2.89%

Fixed - 5 years

$0

2.74%

$0
Tic Toc
More details

2.99%

Fixed - 4 years

$0

2.75%

$0
Tic Toc
More details

3.09%

Fixed - 5 years

$0

2.81%

$0
Tic Toc
More details

5.32%

Fixed - 4 years

$0

3.50%

$0
Tic Toc
More details

4.62%

Variable

$0

3.58%

$0
Tic Toc
More details

5.32%

Fixed - 5 years

$0

3.69%

$0
Tic Toc
More details

How to Apply

Borrowers wanting to apply for Tic:Toc home loans should know that the process is 100 percent online, though if they need any assistance there is a customer service phone number available. Before applying for an Tic:Toc home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an Tic:Toc home loan, you will need to supply the following information:

  • Proof of identity.
  • Australian citizenship or permanent residency. You must also live in Australia. 
  • Proof of income.
  • Internet banking logins or at least 3 months of transactional statements.
  • Have a 10 percent deposit.

About Tic:Toc home loans

Because it is a niche player within the market, Tic:Toc offers a thinner range of home loans than you might find with larger banks like Westpac or Commonwealth Bank. Unlike Australia’s big four banks, Tic:Toc considers itself a low-cost lender and doesn’t offer specialty loans. Tic:Toc home loans are suited to ‘vanilla’ borrowers, rather than those who require SMSF loans or reverse mortgages.

Tic:Toc requires that borrowers provide a 10 per cent deposit on home loans. Repayments can be made weekly, fortnightly, or monthly. Tic:Toc home loans can be either variable or fixed, and offset accounts are available for both. Borrowers can also make unlimited additional repayments and free unlimited redraw on all loans.

Tic:Toc offers home loans for both investors and owner-occupiers. Borrowers can choose between principal-and-interest loans or interest-only home loans.

Tic:Toc home loan rates

Tic:Toc home loan rates tend to be very low or moderately low for both owner-occupiers and investors. Their rates tend to fall below those offered from Australia’s larger banks.

Because Tic:Toc is an online-only lender, it doesn’t have to maintain the expensive branch networks run by traditional banks, which means it can undercut them on interest rates. They also offer fewer frills than large banks, making it easier to charge their customers lower rates.

Tic:Toc home loan rates vary from product to product. While most of Tic:Toc’s home loan rates tend to fall between very low and moderately low, investors do pay higher rates than owner-occupiers. As a general rule, principal-and-interest borrowers are offered lower rates than interest-only borrowers, and variable home loans have lower rates than fixed home loans.

Tic:Toc home loans review

Tic:Toc home loans are perhaps better suited to tech-savvy borrowers who live in Australia’s capital cities or major regional centres. Home loans offered by Tic:Toc are ‘vanilla,’ with few frills; in return, they tend to have low interest rates and low fees.

Another way Tic:Toc keeps costs low is by limiting their home loan offering to ‘vanilla’ borrowers, who are easier to serve than specialist customers.

Tic:Toc does not operate any bank branches, so their mortgages are only suitable for those who are comfortable with their customer service living 100 per cent online and over the phone.

Tic:Toc does not charge an application fee or monthly administration fees. There is no charge for redraw, though customers do pay a monthly fee for offset accounts. Customers are permitted free unlimited additional repayments.

Learn more about Tic Toc

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

What is a redraw fee?

Redraw fees are charged by your lender when you want to take money you have already paid into your mortgage back out. Typically, banks will only allow you to take money out of your loan if you have a redraw facility attached to your loan, and the money you are taking out is part of any additional repayments you’ve made. The average redraw fee is around $19 however there are plenty of lenders who include a number of fee-free redraws a year. Tip: Negative-gearers beware – any money redrawn is often treated as new borrowing for tax purposes, so there may be limits on how you can use it if you want to maximise your tax deduction.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

What is the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.