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1.84% p.a. Fixed 1 year P&I Live-in Home Loan (1.90% p.a. CR, 10% Deposit, $10/m offset @ 2.03%p.a. CR) @ Tic:Toc Home Loans

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Tic:Toc have lowered home loan rates for new customers across a number of products, including their Fixed 1 Year P&I Live-in home loan. Get Australia's leading Fixed 1 Year P&I Live-in rate for 10% deposit home loans.

Loan features
  • Minimum 10% deposit/Maximum 90% LVR
  • No upfront or ongoing fees
  • Unlimited additional repayments
  • Free online redraw
  • Optional offset available for $10/month
  • Up to 30 years loan term
  • Fully online application
  • Bank-backed and funded by Bendigo and Adelaide Bank
Eligibility
  • Must be buying or refinancing an established property (not off-the-plan or under construction)
  • Property must be located in a capital city or major regional centre
  • Minimum 10% deposit or equity, plus savings to cover government/third party fees such as stamp duty. Lenders' Mortgage Insurance (LMI) payable with less than 20% deposit
  • Loan amount between $50k and $2m
  • Employed – either PAYG, or self-employed for at least 2 years
  • ID – passport, driver's licence, or Medicare card
  • Open to Australian citizens or permanent residents who live in Australia
Offset account

Get an offset account with your home loan for $10/month. When you choose an offset account for our Variable P&I Investment Home Loan, the comparison rate will be 2.03% p.a.
Our 100% offset accounts are optional and available with all of our home loans (even fixed rate home loans). They fall under the ADI licence of Bendigo and Adelaide Bank and are covered by the Financial Claims Scheme. They also come with a nifty VISA debit card 💳 You can find more detail here.

Legal things about our rates

They're current as of 8 July 2021; available to all home loans approved on or after this date, and they can change. Our comparison rates are calculated for a $150,000 loan over 25 years. They factor in our fees associated with applying for the loan; our ongoing fees and our fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. If the interest only period is not specified, the comparison rate is calculated on a one year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Tic:Toc Home Loans. Australian credit licence 496431. ABN 41 605 696 544.

Related Stores

Tic:Toc Home Loans
Tic:Toc Home Loans

closed Comments

  • +1 vote

    Thanks OP!
    What are the approval and settlement timelines at the moment ?

    • +1 vote

      Hey strike1! Currently, approvals are taking on average 7 days from the time we receive a submitted application. This can be sped up depending on how comprehensively you are able to provide your info, and whether we need to request any additional info from you. The time from approval to settlement is taking on average 45 days. Hope this helps! ~ Bailey

  •  

    3 year fixed loan shows rate at 2.14% but a CR of 1.96%. Can you please explain?

    •  

      Hey Stealthchicken! That's correct, and you'll notice our 4-year and 5-year fixed P&I Live-in home loans also have comparison rates which are lower than the actual rate. This is primarily because of the low roll-to rate and the way comparison rates are calculated.

      Our comparison rates are calculated for a $150,000 loan over 25 years. They factor in our fees associated with applying for the loan; our ongoing fees and our fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. For our fixed rate home loans, they all currently roll to a variable 1.89%p.a. home loan after the fixed period ends.

      Hope this helps! ~ Bailey

      • +2 votes

        So basically the whole comparison rate thing is a bit of garbage as it is based on a loan amount that almost nobody would be borrowing?

        •  

          I would argue they still have merit as a rough comparison tool. It's important to note that home loans from all lenders use these same figures, as they are set by ASIC. ~ Bailey

          • +1 vote

            @tictochomeloans: I disagree.

            Frankly it doesn't matter if everyone uses the same measure if the measure is faulty, does it?

            I'm not going to bother explaining how the comparison rate calculator works, because as a lender you surely already know.

  •  

    Can I get this rate but still go through a broker? Want to give my broker mate some kick back.

    •  

      I would say that's a negative.

    • +1 vote

      Sorry mateoka – one of the reason our home loan rates are so low is because we've streamlined the home loan process. Which means we only offer them in one place, through one channel: our website! Our home loans are therefore not available through any broker channels. ~ Bailey

  •  

    What are the break fees for a current customer on a fixed loan? I'm on 2.22% fixed for the next 2 years so it might be better to cancel and refinance.

    •  

      Hey onetwothreefour, great question. The calculation for determining break costs is, unfortunately, quite complex, and will obviously vary depending on how far into your fixed period you are and how much you still owe. I recommend getting in touch with us, as we are happy to run these numbers for you. We're available 7 days on 1300 842 405. ~ Bailey

  •  

    I know this comes up a lot, but i signed up to TicToc like 2 months ago and the rate has gone down so significantly since then, that it's almost worth me trying to refinance with another company. Is there someone i can chat to about this or can you pm me?

    •  

      Hi carpecrash, sorry to hear you've missed out on a lower rate. I can't promise anything, but if you'd like to speak with someone, I recommend getting in touch with our team on 1300 842 405. They will be able to explore any potential options with you. ~ Bailey

      •  

        So this person on a brand new variable loan clearly doesn’t even get a rate as low as the roll to rate that a fixed rate loan is currently quoted as. How can we take that roll to rate with anything other than a pinch of salt?

        • -2 votes

          For context, we lowered our Variable P&I Live-in rate in May to 2.04%p.a. (2.05%p.a. CR) from 2.19%p.a. (2.20%p.a. CR). Earlier in July, we lowered our Variable P&I Live-in rate again to 1.89%p.a. (1.90%p.a. CR). Typically, our roll-to rates for our Fixed P&I Live-in mimic our current Variable P&I Live-in rate.

          Our customers will be on different rates depending on when they signed up with us. Our business model means we can offer market-leading rates all the time. So even if you sign up and just miss out on the latest offer, you'll likely still end up with a pretty great rate.

          You can see a history of our Variable P&I Live-in interest rates here, as well as an explanation of how banks and lenders set their interest rates. ~ Bailey

          • +1 vote

            @tictochomeloans: No you are not offering market leading rates "all the time" as you are not offering existing clients the new client rate.

  • +1 vote

    At the start I thought why Tik tok doing home loans?

    • -1 vote

      The only things we have in common are our really sweet dance moves. We're Australian-owned and operated. ~ Bailey

  • +4 votes

    Long drawn out process when we tried to refinance with these guys. Despite two good steady incomes and excellent credit ratings they wanted crazy details about accounts from years prior. Gave up in the end way too much hassle.I can’t imagine if we were self employed or has black marks on file.

  •  

    What are your conditions/requirements for casual workers? Thanks :)

  • +4 votes

    I applied 2.5 weeks ago, Tic Toc have not even looked at the file yet, ridiculous.

    •  

      Same here, have been waiting over a week now

      •  

        Likewise, if you'd like me to follow up with our team I'd be happy to do so – just PM me your application #. Apologies for the wait. ~ Bailey

    •  

      Hey Dami, sorry to hear! I would be happy to take a look into this for you and follow up, if you'd like to PM me your application #. Cheers ~ Bailey

      •  

        PM'd you

  • +1 vote

    I'm an existing customer with good LVR and have emailed them to ask for the new reduced rate. Let's see what they say…

  • +1 vote

    Good advertising

  •  

    hello, Any fixed rate offers for investment loans?

    •  

      Hey Alkeshpatel83, our current Fixed 1 Year P&I Investment loan is at 2.14%p.a. with a 2.79%p.a. comparison rate. We also have a Fixed 2 Year P&I Investment loan at 2.19%p.a. with a 2.74%p.a. comparison rate. You can see all of our home loans and their rates here: https://tictoc.com.au/home-loans

      Let me know if you have any questions :) ~ Bailey

  •  

    Just to confirm TicToc doesn't offer split loans. i.e. it is either fully Variable or fully fixed, is that correct?

    •  

      That's correct – we don't currently offer split loans. Let me know if I can answer any other questions :) Cheers ~ Bailey

      •  

        Do you give a borrowing capacity or pre-approval without credit check based on individual financial details? I want to know roughly how much loan I can get from TicToc before applying.
        I have been in a new job (permanent full time) for just over 6 months, can I get loan from you. Also how do you cater for a variable commission in pay that changes month to month. Do you average over my last 6 months of pay.

        •  

          We have a borrowing calculator you can use to get an estimate of how much you'll be able to borrow with us. This won't require a credit check. If you fill out an application with us for pre or full approval, we'll run a credit check at step 3.

          We require a minimum employment period of 6 months for full-time PAYG roles, so it sounds like your employment may be eligible. You can read more here: https://tictoc.com.au/faqs/category/considering-a-home-loan/...

          As for commission, generally applicants need to demonstrate two years of continuous commission payments with the same employer. We take the annual figure of whichever year was less, and then 80% of that amount is added to your base salary.

          I hope this helps. Please let me know if you have any other questions :) ~ Bailey

          •  

            @tictochomeloans: That is helpful. Since this is a new job and commission history is just 7 months will you use the actual commission paid averaged over 7 months as a monthly figure? Alternately can you consider a lower amount say only 50% of max target commission?

          •  

            @tictochomeloans: Also another question is the visa debit card linked to the offset account if I choose to have one?
            Is the direct debit arrangement with the offset account only? Can I have the offset account but direct debit my loan payment from another bank’s account?

  •  

    Some lenders like UBank and Athena have one rate for all customers, whether they're new or existing. With TicToc, if I am on a variable loan, do interest rate changes automatically apply to current loans also or will it need me to call and haggle?

    •  

      Hey Soan Papdi, thanks for your question. To clarify, there are only two lenders we know of in Australia who offer a rate promise. We don't have an automatic rate match, and we don't do like-for-like loans. Our customers will have different rates depending on when they joined us.

      At certain points in time, our funder is able to give us lower rates for new customers. However, we do not negotiate to raise the interest rates of existing customers in order to make this happen. As an existing customer, the price of your loan has already been agreed, and so will only move up or down in line with changes to funding costs.

      We can’t offer the same interest rate to both new and existing customers. This means that over time, even with the same movements based on funding costs, your interest rate may be different from our current new business offer. We also can’t guarantee that rates will always move in any particular direction — they may also vary upwards. This is the risk of choosing a variable rate with any lender.

      If you'd like to learn more, we explain a bit about how banks and lenders set their interest rates here. For transparency's sake, we also publish a history of our Variable Live-in interest rates here. Thanks ~ Bailey

      •  

        Thanks for responding!

        We can’t offer the same interest rate to both new and existing customers. This means that over time, even with the same movements based on funding costs, your interest rate may be different from our current new business offer.

        This answers my question. I'm not asking for a rate promise or even some guarantee of future rates. Only wanted a way to avoid haggling each time the rates are changed, so that all customers are on the best possible rate that you offer.

        We also can’t guarantee that rates will always move in any particular direction — they may also vary upwards. This is the risk of choosing a variable rate with any lender.

        This I can understand and agree with but wasn't my question.

  •  

    Hey OP.

    I am currently on 1.99% for my fixed. Running out soon.

    Also my investment is on 2.29% fixed

    Can you beat these?