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Review by


Richard Whitten is a senior writer at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

The Tic:Toc Live-in Variable Rate loan is available for owner-occupiers and is only available in capital cities and regional centres, including Tasmania and the Northern Territory.

As an online lender, borrowers apply for this loan entirely online. Tic:Toc assesses your eligibility and verifies your identity and income details as you apply. This results in a faster application process. Tic:Toc is backed by the Adelaide and Bendigo Bank.

About this loan

What are the features and benefits of Tic:Toc's Live-in Variable Rate home loan?

  • Loan-to-value ratio (LVR). The Tic:Toc Live-in Variable Rate home loan requires at least a 20% deposit, meaning you can borrow up to 80% of the property's value.
  • Repayment type and frequency. This loan allows for flexible monthly, weekly or fortnightly payments and unlimited additional repayments.
  • Free redraws. This home loan allows unlimited free redraws.
  • Offset account. Tic:Toc gives you the option of adding an offset account for a $10 monthly fee.
  • Limited fees. Aside from a fee for the optional offset account, the Live-in Variable Rate loan has no application fees, ongoing fees or settlement fees. Tic:Toc will also provide a free valuation.
  • Speedy application. The entire Tic:Toc application process is online, and if you have all the necessary details ready and meet Tic:Toc's lending criteria you can get approval for the Tic:Toc Live-in Variable Rate loan very quickly.

What fees and charges come with this loan?

  • Optional offset account fee: $10. The only fee charged by Tic:Toc is the $10 monthly fee for the offset account.

How to apply

If you're ready to apply for the Tic:Toc Live-in Variable Rate loan you can click the green button below. This takes you to 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 first.

  • Personal information. You need to provide valid ID, such as a driver's licence, Medicare card or passport.
  • 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.
  • Property information. You'll need to provide the address of the home you're buying or refinancing, along with its current estimated value.

Home Loan Offers

Important Information*

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12 Comments

    Default Gravatar
    Mark
    July 18, 2019

    Does this lender do re-finance?

      Avatarfinder Customer Care
      Jeni
      July 19, 2019

      Hi Mark,

      Thank you for getting in touch with Finder.

      Yes, they also refinance home loans.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Matthew
    December 10, 2018

    Can I get the same rates with 10% deposit?

      Avatarfinder Customer Care
      Jeni
      December 14, 2018

      Hi Matthew,

      Thank you for getting in touch with Finder.

      Please note that this page mentioned that Tic:Toc Live-in Variable Rate home loan requires at least a 20% deposit. Kindly contact Tic:Toc directly regarding your query.

      If you are still looking around, you may check our list of home loans with 95% LVRs. You can use our comparison table to help you find the lender that suits you. I suggest that you seek professional help from a mortgage broker in deciding which bank/lender to go with.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Andrew
    October 16, 2018

    I would like to remortgage and consolidate 3 loans into one. Is this possible? I have 2 property loans and one personal loan

      Default Gravatar
      Nikki
      October 16, 2018

      Hi Andrew,

      Thanks for reaching out to us.

      Yes, you are able to refinance to consolidate 3 loans (2 property loans and personal loans) into one loan.

      Refinancing to a debt consolidation loan involves reviewing your existing debts (and mortgage), and combining them into a new mortgage so that you have one monthly repayment, instead of several repayments.

      As it says on the page, many consolidate their debts to try and make their loan repayments more affordable. However, this strategy must make financial sense where the cost of the new loan including fees and interest is less than what you are currently paying on all your debts. There is more information that you can take away from the page. You’d be able to see a list of mortgage brokers you can review before deciding on one for you.

      As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the product disclosure statement and contact the mortgage broker should you need any clarifications about the product. They will surely be able to review your circumstances into account and help you choose one loan fit for you.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Regards,
      Nikki

    Default Gravatar
    sarah
    March 27, 2018

    Hi
    I started work one month ago. can I apply for a home loan with Reduce Home Loan or State Custodians? (need only 60% borrowing)

      Avatarfinder Customer Care
      Joanne
      March 27, 2018

      Hi Sarah,

      Thanks for reaching out.

      Home loan providers have their own criteria for lending. You may want to check on the eligibility requirements of reduce home loans or State Custodians to see if you qualify.

      You may also compare basic home loans in the table. You may use the borrowing power calculator on the same page for you to get a rough idea of how much you could borrow with your income. The terms and conditions of each lender vary so it’s best to compare each and pick the one that will work best for you.

      Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.

      Alternatively, you may speak with a mortgage broker for you to get specialised advise.

      Cheers,
      Joanne

    Default Gravatar
    Karen
    December 3, 2017

    I want to refinance my investment property in Qld , I live in WA and have it rented , is there any loan out there that will let me borrow 100%

      Default Gravatar
      Arnold
      December 4, 2017

      Hi Karen,

      Thanks for your inquiry.

      I cannot guarantee you a refinance home loan that will let you borrow 100%, what I can give you is options for up to 95% borrowed. You may compare your options from our list of refinance home loans. You can sort the column for “Max LVR” to see which lender can loan you up to 95%.

      Please click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions. Alternatively, you can speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.

      Hope this information helps

      Cheers,
      Arnold

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