Get the stability of fixed home loan repayments without sacrificing a competitive interest rate, plus instant online approval.
Protect yourself from interest rate rises with the Live-in Fixed Rate home loan from Tic:Toc, an online lender with a fast digital application process. This loan is for owner-occupiers, comes with very few fees and has terms of one, two, three, four or five years.
Optional offset account (with fee).
Customers can choose to add an offset account to this product for a $10 monthly fee.
| Product Name | Tic:Toc Live-in Loan Fixed Rate Home Loan |
|---|---|
| Interest Rate Type | Fixed |
| Comp Rate^ (p.a.) | |
| Minimum Loan Amount | $50,000 |
| Maximum Loan Amount | $2,000,000 |
| Minimum Loan Term | 15 years |
| Maximum Loan Term | 30 years |
| Maximum LVR | 80% |
| Maximum Insured LVR | 80% |
| Mortgage Offset Account | Yes |
| Loan Redraw Facility | Yes |
| Suitable for Investment | Yes |
| Extra Repayment | Yes |
| Repayment Type | Principal & Interest and Interest Only Options |
| Application Fee | $0 |
|---|---|
| Lender's Legal Fee | $0 |
| Valuation Fee | $0 |
| Ongoing Fees | $0 p.a. |
| Settlement Fee | $0 |
| Discharge Fee | $325 |
Pros
- Redraw facility
- Limited fees
Cons
- A $325 discharge fee applies
- Optional offset account incurs a $10 monthly fee
Who is Tic:Toc?
Tic:Toc is an innovative online lender streamlining the home loan process. It's backed by Bendigo and Adelaide Bank, so you can choose a Tic:Toc loan with confidence. Because it offers its loans online, Tic:Toc saves on overheads and can pass competitive deals on to you.What do I need to know about this loan?
The Tic:Toc Live-in Fixed Rate loan is currently available for borrowers in capital cities and regional centres in all states and territories.
A key difference between Tic:Toc and other lenders is the application process. Borrowers can only apply online and Tic:Toc assesses your application as you enter your details. The application process than can take minutes instead of weeks. Tic:Toc has the backing of the Adelaide and Bendigo Bank.
What are the features and benefits of Tic:Toc’s Live-in Fixed Rate home loan?
- Loan-to-value ratio (LVR). The Tic:Toc Live-in Fixed Rate home loan requires at least a 20% deposit, meaning you can borrow up to 80% of a property’s value.
- Free redraws. The Live-in Fixed Rate home loan allows for unlimited free redraws.
- Offset account. Tic:Toc will provide an offset account for a $10 monthly fee.
- Repayment frequency. Borrowers can make monthly, weekly or fortnightly payments and unlimited additional repayments.
- Limited fees. The Live-in Fixed Rate loan has no application fees, ongoing fees or settlement fees and Tic:Toc offers free valuations. There is only a monthly fee if you choose an offset account.
- Fast application. The entire Tic:Toc application process is online. If you have all the necessary details to hand you can get approval for the Tic:Toc Live-in Fixed Rate home loan in 22 minutes.
What fees and charges come with this loan?
- Offset account fee (optional): $10. The only fee charged by Tic:Toc is the $10 monthly fee for the offset account.
Who is Tic:Toc?
Tic:Toc is an Australian fintech startup with a new, digital-focused approach to high-speed home loan applications.
Tic:Toc’s loans are back by the Adelaide and Bendigo Bank, a more traditional lender.
How do I apply for this loan?
Interested in this loan? Simply click the green button below to visit Tic:Toc’s website, where you can begin your application. Tic:Toc claims they can approve lenders faster than traditional lenders, but you’ll need some documentation to make this happen.
- Personal information. You need valid ID, such as a driver’s licence, Medicare card or passport.
- Property information. You’ll need to provide the address of the home you’re buying or refinancing, along with its current estimated value.
- Financial information. Tic:Toc needs information about your household income and expenditures. If you provide your banking logins, Tic:Toc can verify all your financial information without the need to upload documents.
I am in receipt of a commonwealth pension .How difficult is it to obtain an owner occupier loan,given my age 63 and the nature of my pension which is for life at a rate which increases in line with cpi ?
Hi Richard,
Thanks for getting in touch with finder. I hope all is well with you. :)
While it is true that being a pensioner limits your success of getting a home loan, it is still possible given with the right requirements. For example, if you have other assets and you meet the eligibility requirements, then you might be able to get an owner-occupier loan.
It is advisable that you directly get in touch with a lender. Check this page to know your options. There’s a list of lenders on that page. Click on the “Go to site” green button to be redirected to their website. You can then discuss your position in person with your financial provider.
Another suggestion would be to speak to a qualified mortgage broker. They can help you to further explore your options.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua