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 mortgage repayments

at interest rate 1.89%

Total interest payable

$0

Total loan repayments

$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

Advertised Rate

1.89%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

2.15%

Ongoing fee
$0
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Advertised Rate

1.99%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

2.15%

Ongoing fee
$0
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Advertised Rate

1.89%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

2.18%

Ongoing fee
$0
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Advertised Rate

2.19%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.20%

Ongoing fee
$0
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Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

2.30%

Ongoing fee
$0
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Advertised Rate

2.19%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.34%

Ongoing fee
$0
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Advertised Rate

2.33%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.34%

Ongoing fee
$0
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Advertised Rate

2.69%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

2.39%

Ongoing fee
$0
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Advertised Rate

2.25%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

2.55%

Ongoing fee
$0
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Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

2.58%

Ongoing fee
$0
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Advertised Rate

2.17%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

2.60%

Ongoing fee
$0
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Advertised Rate

2.39%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

2.62%

Ongoing fee
$0
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Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

2.62%

Ongoing fee
$0
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Advertised Rate

2.59%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

2.63%

Ongoing fee
$0
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Advertised Rate

2.63%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.64%

Ongoing fee
$0
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Advertised Rate

2.72%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

2.65%

Ongoing fee
$0
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Advertised Rate

2.72%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

2.65%

Ongoing fee
$0
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Advertised Rate

2.72%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

2.66%

Ongoing fee
$0
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Advertised Rate

2.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

2.69%

Ongoing fee
$0
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Advertised Rate

2.89%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

2.74%

Ongoing fee
$0
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Advertised Rate

2.99%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

2.75%

Ongoing fee
$0
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Advertised Rate

3.09%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

2.81%

Ongoing fee
$0
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Advertised Rate

5.32%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.50%

Ongoing fee
$0
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Advertised Rate

4.62%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.58%

Ongoing fee
$0
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Advertised Rate

5.32%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.69%

Ongoing fee
$0
Go to site
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 home loans

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

Does the family tax benefit count as income?

The family tax benefits are one of several government support payments that are not considered taxable income. Other such payments include child care subsidies, economic support payments, rent assistance, and carer allowances. If you file a tax return, you typically don’t need to mention such income on the return. However, some home loan lenders may accept family tax benefits as an income source when reviewing your home loan application. You’ll still need to meet other lending requirements, such as having a sufficiently high credit score and enough savings for a deposit before the loan will be approved.

Aussies receiving family tax benefits usually have an adjusted taxable income of no more than $55,626 a year. Alternatively, one spouse can be receiving income support payments from the government to be eligible. Most importantly, they need to have children dependent on them for care at least 35 per cent of the time. Children between the ages of 16 and 19 should be either full-time secondary students or have a somewhat comparable study load unless the government exempts them from these study requirements. 

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

Does the Home Loan Rate Promise apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Home Loan Rate Promise.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

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.

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

Can first home buyers apply for an ING home loan?

First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan. 

First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates. 

First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.