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. Bendigo & Adelaide Bank is an investor in Tic:Toc and also provides its funding.
Live-in Variable Loan (Principal and Interest)
Advertised rate
3.57%
Variable
Comparison rate*
3.58%
monthly Repayment
$0
Compare
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I want to borrow
Loan Term
years
Pros and Cons
Pros:
- Extra low interest rate for refinancers
- No upfront or ongoing fees
- 100% full offset account
- Extra repayments + redraw services
Cons:
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Fees and Features
Maximum LVR | Maximum LVR 80% |
|---|---|
Interest rate structure | Interest rate structure Variable |
Borrowing range | |
Total repayments | |
Principal & interest | Principal & interest |
Interest only | Interest only |
Loan term | Loan term 15 - 30 years |
Offset account | Offset account 100% offset account |
Extra repayments | Extra repayments Unlimited extra repayments |
Redraw facility | Redraw facility Redraw fee: $0 |
Allows split interest | Allows split interest |
Suitable For | Suitable ForOwner Occupiers |
Applicable States | Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Make Repayments | Make RepaymentsFortnightly, Monthly, Weekly |
Estimated upfront fees | Estimated upfront fees $0 |
Application fee | Application fee $0 |
Settlement fee | Settlement fee $0 |
Valuation fee | Valuation fee $0 |
Legal fee | Legal fee $0 |
Ongoing fee | Ongoing fee $0 |
Discharge fee | Discharge fee $325 |
Property Type | Property Type |
SMSF Trustee | SMSF Trustee |
Minimum SMSF Amount | Minimum SMSF Amount |
Maximum LVR | Maximum LVR 80% |
|---|---|
Interest rate structure | Interest rate structure Variable |
Borrowing range | |
Total repayments | |
Principal & interest | Principal & interest |
Interest only | Interest only |
Loan term | Loan term 15 - 30 years |
Offset account | Offset account 100% offset account |
Extra repayments | Extra repayments Unlimited extra repayments |
Redraw facility | Redraw facility Redraw fee: $0 |
Allows split interest | Allows split interest |
Suitable For | Suitable ForOwner Occupiers |
Applicable States | Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA |
|---|---|
Make Repayments | Make RepaymentsFortnightly, Monthly, Weekly |
Estimated upfront fees | Estimated upfront fees $0 |
Application fee | Application fee $0 |
Settlement fee | Settlement fee $0 |
Valuation fee | Valuation fee $0 |
Legal fee | Legal fee $0 |
Ongoing fee | Ongoing fee $0 |
Discharge fee | Discharge fee $325 |
Property Type | Property Type |
SMSF Trustee | SMSF Trustee |
Minimum SMSF Amount | Minimum SMSF Amount |
Other Benefits
100% online application assessment and approval in 22 minutes
Other Restrictions
$10 monthly fee applies for offset account
Compare and review home loans with similar features
| Loan Profile | ||||
|---|---|---|---|---|
| Advertised rate | Advertised rate 3.54% Variable | Advertised rate 3.59% Variable | Advertised rate 3.69% Variable | Advertised rate 3.68% Variable |
| Comparison rate* | Comparison rate* 3.58% | Comparison rate* 3.62% | Comparison rate* 3.69% | Comparison rate* 3.70% |
| Monthly repayment | Monthly repayment $1,128 | Monthly repayment $1,135 | Monthly repayment $1,149 | Monthly repayment $1,148 |
| Total repayments | Total repayments $406,080 | Total repayments $408,600 | Total repayments $413,640 | Total repayments $413,280 |
| Minimum deposit % | Minimum deposit % 20% | Minimum deposit % 10% | Minimum deposit % 20% | Minimum deposit % 20% |
| Loan term | Loan term 1 - 30 years | Loan term 1 - 30 years | Loan term 15 - 30 years | Loan term 15 - 30 years |
| Refinance | Refinance | Refinance | Refinance | Refinance |
| Loan Fees | ||||
| Estimated upfront fees | Estimated upfront fees $567.00 | Estimated upfront fees $495.00 | Estimated upfront fees $1499.00 | Estimated upfront fees $0 |
| Legal fee | Legal fee $264 | Legal fee $0 | Legal fee $0 | Legal fee $0 |
| Valuation fee | Valuation fee $303 | Valuation fee $0 | Valuation fee $0 | Valuation fee $0 |
| Discharge fee | Discharge fee $535 | Discharge fee $180 | Discharge fee $300 | Discharge fee $300 |
| Application fee | Application fee $0 | Application fee $495 | Application fee $1,499 | Application fee $0 |
| Ongoing fee | Ongoing fee $0 | Ongoing fee $350 annually | Ongoing fee $0 | Ongoing fee $0 |
| View Now | Enquire Now | View Now | View Now | |
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