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5.69% p.a. Variable P&I Live-in Home Loan (5.70% p.a. CR, 10% Deposit, $10/M offset @ 5.81% p.a. CR) @ Tic:Toc Home Loans

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5.69% p.a. Variable P&I Live-in Home Loan (5.70% p.a. CR, 10% Deposit, $10/M offset @ 5.81% p.a. CR) @ Tic:Toc Home Loans
Go to Deal
Marketingtictochomeloans on 28/08/2023 - 16:36 tictoc.com.au (511 clicks)
Last edited 28/08/2023 - 16:52

Tic:Toc have lowered their home loan rate for new customers looking for a Variable P&I Live-in home loan. Make the switch to Australia's leading fee-free Variable P&I Live-in rate and you could access savings faster. Fast Refi for eligible loans.

Loan features

  • Bank-backed and funded by Bendigo and Adelaide Bank
  • Maximum 90% LVR / 10% deposit
  • No upfront or ongoing fees
  • Optional offset available for $10/month
  • Unlimited additional repayments
  • Free online redraw
  • Up to 30 years loan term
  • Full online application with expert support
Eligibility
  • Must be refinancing or buying 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
Unlock more options

If you’re not eligible for a Tic:Toc loan, your application can unlock more options via Tic:Toc’s in-house broker service, Tic:Toc+Choice.

Optional 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 5.81% 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. Offset accounts come with a VISA debit card 💳 You can find more detail here (tictoc.com.au).
Legal things about our rates

They're current as of 14 August 2023; 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

Financial Home Loan Loan

Related Stores

Tic:Toc Home Loans
Tic:Toc Home Loans

closed Comments

  • easternculture on 28/08/2023 - 16:54
    -5

    Inb4 tiktok files a cease a desist order for using a similiar name

  • Gdsamp on 28/08/2023 - 17:08
    +1

    Impressive in mid-late 2023

  • JoshJ on 28/08/2023 - 17:22
    +3

    Rate not applicable for current clients.

  • Nitrollparty on 28/08/2023 - 17:30
    +4

    whats stopping them to upping the rates the moment they get you as a customer ?

    • merriweather on 28/08/2023 - 17:36
      +1

      Nothing, same as any bank.

    • TEER3X on 28/08/2023 - 17:38

      Give them a call, their ABN is 41 605 696 544

    • Marketingtictochomeloans @ Tic:Toc Home Loans on 29/08/2023 - 10:55
      +1

      Hey @Nitrollparty

      Our rate history can be found here, on https://tictoc.com.au/rates-and-fees, which includes our latest rate information for August 2023. We don’t charge our existing customers more just because we can. We also don’t ‘rate hike’ or do honeymoon rates like other lenders who employ ‘bait and switch’ tactics or charge loyalty tax. When our funder’s costs have eased in the past, we’ve been able to pass, on multiple occasions, these savings to our customers (new and existing). You can read more about how we work with our funder to set interest rates here: https://tictoc.com.au/home-loan-guide/how-banks-and-lenders-….

      Occasionally we’re also able to secure a discount from our funder at the time of application – and we pass these savings onto our customers. In this scenario, we’ve been able to secure a discounted variable rate for new customers. Variable rates are variable in nature and subject to movement based on many factors, including increasing cash rates. This is the risk of choosing a variable rate with any lender.

      • JoshJ on 30/08/2023 - 18:49
        +1

        I am a current customer and paying 5.99% tho.

        • Bargain Fighter on 30/08/2023 - 18:51
          +1

          Did you call them to ask for a rate match?

          I'm considering going with them, but concerned about if it'd be a "bait and switch".

          • JoshJ on 30/08/2023 - 18:54

            @Bargain Fighter: I have done several times past, haven't tried this year. It changed every month this year,so I decided to wait until current rate hike settled.

  • Flintz on 28/08/2023 - 17:55
    +4

    Hopefully not a bait and switch like unloan did. This rate was 5.79 until recently

  • 2stroksmokr on 28/08/2023 - 18:57

    Anyone suggest bank that do > 10 acres. Contacted this mob and they don't do them.

  • bumpyhead on 28/08/2023 - 19:49
    +1

    Have been with them for 1 year. Cheap rates and no complaints except
    - No bank app, and slow wire transfer of the offset account.

    • Folly on 28/08/2023 - 20:07
      +1

      Can use the Adelaide Bank app.

  • Dyl on 29/08/2023 - 08:25
    -1

    Neg due to serious issues with retailer.

    • mahdoo on 29/08/2023 - 08:28

      Care to explain what issues?

      • Dyl on 29/08/2023 - 08:30
        +1

        They're known for increasing rates for existing customers, while offering much lower rates for new customers. Bait and switch.

        https://tictoc.com.au/_next/image?url=https%3A%2F%2Ftictoc.c…

        They no longer post the stats but they're even worse than back then.

        I also worked for the employer and had a WorkCover claim against them due to serious harassment during my employment. I haven't received legal advice on what information about that case I can publish.

        Better off with a cashback offer as you're going to need to refinance anyway when they don't lower rates as CBA rates lower

        • Kas on 29/08/2023 - 09:16

          WorkCover claim against them due to serious harassment??? Physical or mental?

          • Dyl on 29/08/2023 - 09:23

            @Kas: Disability harassment

            Harassment can include behaviour such as:

            • telling insulting jokes about particular racial groups
            • sending explicit or sexually suggestive emails or text messages
            • displaying racially offensive or pornographic posters or screen savers
            • making derogatory comments or taunts about a person’s disability, or
            • asking intrusive questions about someone’s personal life, including his or her sex life.

            The claim was for a mental health injury sustained from their conduct and excessive overtime.

            Whistleblower legislation also came into it, but I haven't received legal advice on what information I can release at this stage.

        • TEER3X on 29/08/2023 - 20:38

          doesn't everyone in the market do that though?

          • Dyl on 29/08/2023 - 20:42

            @TEER3X: Not everyone, some banks are quite good at passing on CBA rate cuts… And increases when there's no CBA rate increase is quite rare for other lenders

            • Tiggrrrrr on 19/09/2023 - 11:31

              @Dyl: CBA is definitely not good at passing on rate cuts.

        • Dyl on 29/08/2023 - 23:23

          Can't edit - more recent rate history available at https://tictoc.com.au/home-loans/rates-and-fees

          Essentially it doesn't go down with RBA rate changes, but goes up with/above them.

    • Dyl on 29/08/2023 - 20:43

      Waiting for the cease and desist letter 😂

  • gungirlyuna on 30/08/2023 - 08:03

    What’s the fixed rate

  • northshorefinance on 31/08/2023 - 11:20

    check your borrowing capacity below:
    Household income Borrowing capacity
    $100,000.00 $259,314.56 - $480,825.68
    $150,000.00 $509,739.02 - $806,358.51
    $200,000.00 $768,859.36 - $1,075,403.54
    $250,000.00 $993,667.36 - $1,297,930.81
    $300,000.00 $1,215,519.61 - $1,589,420.31
    $350,000.00 $1,499,314.01 - $1,817,156.10
    $400,000.00 $1,743,718.84 - $2,078,735.48

    • Bargain Fighter on 11/09/2023 - 12:38

      Thanks for sharing. Where do these figures come from?

      • northshorefinance on 14/09/2023 - 10:06

        bank loan calculator

        • raytx on 10/10/2023 - 00:50

          Link to calculator?

  • davis01 on 10/09/2023 - 17:42

    They will rate creep and refuse to discount to keep customers. I was a customer and they crept my rate up and above advertised rate by .20%.

    I called them to try to get them to drop rate or match other banks which was .20 less as well that were also offering cashback and refused request.

    • Bargain Fighter on 11/09/2023 - 12:33

      What's your current interest rate? Did they increase the same or more than 0.25% every time RBA increases 0.25%?

      What's your overall experience with them apart from the rate hikes? Application approval turnaround, fees, customer service, maximum borrowing amount compared to other lenders?

      Thanks

  • JustLooking4ADeal on 18/09/2023 - 17:19

    I tried to get them to lower my rate of 5.99% to the advertised rate of 5.69%.

    Was quickly declined. Im now moving away from them and dont recommend even signing up. Huge time wasters.

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