Tic:Toc is a new online-only lender that offers a completely online application process. Home loans can be approved in as little as 22 minutes. Tic:Toc doesn’t charge application fees, valuation fees or loan processing fees. Borrowers need a 20 per cent deposit. They can choose from variable-rate of fixed-rate loans, with offset accounts available for both. Repayments can be made weekly, fortnightly or monthly. Tic:Toc doesn’t service Tasmania, the Northern Territory or small communities. Bendigo & Adelaide Bank is an investor in Tic:Toc and also provides its funding.

Pros:
  • Offset accounts
  • Loans can be approved in as little as 22 minutes
  • No application fees, valuation fees or loan processing fees
Cons:
  • No face-to-face contact or branch access
  • Maximum loan-to-value ratio (LVR) of 80 per cent
  • Doesn’t service Tasmania, the Northern Territory or small communities

Tic Toc home loans

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