Finder makes money from featured partners, but editorial opinions are our own.

Bendigo speeds up home loans with help from Tic:Toc


Man with laptop running fast.

Bendigo Express is a mortgage that uses an "instant" online system to process your application details in real time.

How fast can you get a home loan? For most lenders the answer is weeks, but Tic:Toc launched in 2017 with the bold claim that their algorithmic technology can process an application instantly. Their partner is Bendigo Bank, a traditional bank who's backed the ambitious fintech lender.

And now Bendigo is getting in on the high-tech action too.

"Today's announcement is a direct reflection of Bendigo and Adelaide Bank's continued targeted investment in innovation that matters to Australian consumers. The agreement with Tic:Toc supports our strategy to offer customers more choice and intuitive digital experiences," said Marnie Baker, Managing Director, Bendigo and Adelaide Bank.

Bendigo will be the first traditional Australian bank to offer an instant digital application under its own brand.

The product

Bendigo Express is a mortgage with variable and fixed rates for owner occupiers and investors. If you have the address of the property you're buying, identification documents and bank details to hand you'll be able to have your application assessed fast.

Here are some quick facts about the Bendigo Express home loan:

  • Fixed and variable owner occupier rates start from 3.89% and investor rates start from 4.44%.
  • You will need at least a 20% deposit.
  • Variable loans have a 100% offset account.
  • There are a few standard upfront fees, plus an ongoing $20 monthly fee.

How instant is instant?

Mortgage applications involve a lot of paperwork and details from the borrower. Theoretically, if a lender's system is set up correctly and you have all your documents ready, the application can be processed fast.

But there are always complications, so take this "instant" with a grain of salt. That being said, faster is better, and why wait longer for a mortgage if you don't need to? For borrowers looking to settle on a property fast, a rapid online application could really help seal the deal.

Nevertheless, we were impressed with Tic:Toc's offering. The fintech lender won Best Tech Innovation at the 2018 Finder Awards (and its Live-in variable rate mortgage won best variable owner occupier award).

And as new digital players enter the mortgage market with faster processes and sophisticated apps, speed won't even be a handy advantage: it's essential.

Latest home loans headlines

Image: Shutterstock

Find the right home loan now

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site