Tic:Toc Investor Interest-Only Variable Rate Home Loan

Investors can maximise their tax effectiveness with this interest-only home loan.

The Tic:Toc Investor Interest-Only Variable Rate Home Loan offers investors a way to maximise their tax deductible debt by paying only the interest portion of their loan. It also offers some helpful features and the ability to make extra repayments.

$1,000 cashback offer

If you get approved for any Tic:Toc home loan by 3rd May 2019 you can get a $1,000 cashback on your loan. The cashback is paid within 45 days after settlement. There is a limit of one cashback per loan.

Other conditions may apply.

Product NameTic:Toc Investor Interest Only Variable Rate Home Loan
Interest Rate TypeVariable
Interest Rate (p.a.)3.99%
Comp Rate^ (p.a.)3.92%
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Minimum Loan Term15 years
Maximum Loan Term25 years
Maximum LVR80%
Maximum Insured LVR85%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityNo
Loan PortableNo
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypeInterest Only

Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$325

Pros

  • 100% offset account (with fee)
  • Redraw facility

Cons

  • A discharge fee of $325 applies

What do I need to know about this loan?

The Tic:Toc Investor Interest-Only Variable Rate Home Loan is available to investors in residential property.

What are the feature and benefits of the Tic:Toc Investor Interest-Only Variable Rate Home Loan?

  • Loan amount and purpose. The Tic:Toc Investor Interest-Only Variable Rate Home Loan is only available to investors who are purchasing residential property. It has a minimum loan amount of $50,000 and a maximum loan amount of $2,000,000.
  • Loan-to-value ratio. The Tic:Toc Investor Interest-Only Variable Rate Home Loan has a maximum LVR of 80%.
  • Repayment frequency. Repayments must be made monthly. It's important to remember that interest-only repayments won't reduce the principal amount. However, you can make as many additional repayments as you like towards the principal.
  • Redraw facility. If you've made additional repayments towards the loan principal, the Tic:Toc Investor Interest-Only Variable Rate Home Loan allows you to withdraw these funds using the redraw facility. Keep in mind that there's a minimum redraw amount of $500.
  • 100% offset account. The Tic:Toc Investor Interest-Only Variable Rate Home Loan offers a 100% offset account for an additional $10 per month.

What fees and charges come with this loan?

  • Discharge fee: $325. This fee is charged when you close your home loan account, either by repaying your loan or refinancing.

How do I apply for this loan?

If you're interested in the Tic:Toc Investor Interest-Only Variable Rate Home Loan you can click the link below. You'll be redirected to the Tic:Toc website where you'll be walked through the quick, 20-minute application process.

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Tic:Toc Investor Interest Only Variable Rate Home Loan

  • Interest Rate

    3.99% p.a.

  • Comparison Rate

    3.92% p.a.

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR

    80%

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