Find the loan that's right for you.

  Variable rate Fixed rate
Interest rate 3.58% 1 year 3.94%
2 year 4.19%
3 year 4.32%
4 year 4.44%
5 year 4.54%
Comparison rate 3.59% 1 year 3.71%
2 year 3.78%
3 year 3.85%
4 year 3.94%
5 year 4.04%
Loan term Up to 30 years Up to 30 years
Max LVR
(% of the home value, you can borrow)
80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees $0 $0
Monthly service fee
(excl. offset account)
No No
Additional repayments
(no charge)
Yes Yes, up to $20,000
Redraw
(no charge)
Yes Yes
Offset account Yes, $10 per month Yes, $10 per month
  Variable rate Fixed rate
Interest rate 5.10% 1 year 4.80%
2 year 4.86%
3 year 4.90%
4 year 5.40%
5 year 5.40%
Comparison rate 5.11% 1 year 5.08%
2 year 5.06%
3 year 5.05%
4 year 5.21%
5 year 5.23%
Loan term Up to 25 years Up to 25 years
Max LVR
(% of the home value, you can borrow)
80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees $0 $0
Monthly service fee
(excl. offset account)
No No
Additional repayments
(no charge)
Yes Yes, up to $20,000
Redraw
(no charge)
Yes Yes
Offset account Yes, $10 per month Yes, $10 per month
  Variable rate Fixed rate
Interest rate 3.99% 1 year 4.11%
2 year 4.29%
3 year 4.42%
4 year 4.54%
5 year 4.64%
Comparison rate 4.00% 1 year 4.01%
2 year 4.05%
3 year 4.11%
4 year 4.18%
5 year 4.27%
Loan term Up to 30 years Up to 30 years
Max LVR
(% of the home value, you can borrow)
80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees $0 $0
Monthly service fee
(excl. offset account)
No No
Additional repayments
(no charge)
Yes Yes
Redraw
(no charge)
Yes Yes, up to $20,000
Offset account Yes, $10 per month Yes, $10 per month
  Variable rate Fixed rate
Interest rate 4.98% 1 year 4.38%
2 year 4.34%
3 year 4.39%
4 year 4.98%
5 year 4.98%
Comparison rate 4.99% 1 year 4.93%
2 year 4.87%
3 year 4.83%
4 year 4.99%
5 year 4.99%
Loan term Up to 25 years Up to 25 years
Max LVR
(% of the home value, you can borrow)
80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees $0 $0
Monthly service fee
(excl. offset account)
No No
Additional repayments
(no charge)
Yes Yes
Redraw
(no charge)
Yes Yes, up to $20,000
Offset account Yes, $10 per month Yes, $10 per month

Remind me again.

A fixed rate locks in an interest rate, for a specified period (up to five years), regardless of changes to interest rates. This means your loan repayments also remain the same over that fixed period of time.

A variable rate means your interest rate can change. If interest rates go up, your repayments will be higher. If they go down, they’ll be lower.

Principal and interest repayments mean you’re paying down your principal loan amount, as well as the interest charged on your loan. It’s the fastest way to pay off your loan.

Interest only repayments mean you’re only paying the interest charged on your loan, but not reducing your principal loan balance. It means your repayment amount will be lower, but it will take longer to pay off your loan.

Legal things you need to know about our rates.

No tricks included.

They’re current as of 13 October 2017, and they can change. Yes.

We work out our comparison rate based on a $150,000 loan over 25 years. And for the fixed loan comparison rates, we base them on the loan switching to our variable rate at the end of the fixed term. These rates also factor in all the fees associated with applying for the loan (none) and all the fees associated with having the loan (none) and all the fees associated with leaving the loan (a $325 discharge fee).

For a different loan or term, such as our home loan with an offset account, the rate would be different because we charge $10 a month to have an offset account. Or to say that in the way we’re legally obligated to (the aggressive way): WARNING: This comparison rate is 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.

But no need to speculate. Test out what your rate will be based on your own situation and the loan you want.

Fees and charges.

There are no fees associated with applying for a Tic:Toc loan online. Zip, nada, zilch.

We absorb the typical fees related to having a human assessing your application, because we believe that, contrary to popular belief, applying for a home loan should be uncomplicated and as automated as possible.

Unfortunately we can’t do anything about pesky government charges, and you’ll need to allow for these.  

 

 

Other lenders, typically Tic:Toc
Upfront lender fees    
Lenders’ Mortgage Insurance Depends on your loan and deposit size. Can be up to $40,000. $0 (We require an LVR of less than 80% or 20% deposit)
Valuation fee Up to $300 $0
Loan establishment / application fee $300 to $850 $0
Settlement fee $0 to $120 $0
Government charges Other lenders + Tic:Toc 
Registration of mortgage Depends on which state you’re in. Around the $280 mark.  
Registration of title transfer This can be expensive if you’re buying a home, and will depend on the purchase price of your home, and what state you live in.
Stamp duty This is another biggie if you’re buying, and depends on the purchase price of your home and what state you live in. Think thousands. 
Monthly/ongoing fees    
Service fee $0 to $30 $0
Offset account fee (if applicable) $0 to $30 $10
Redraw fee $0 to $30 $0


You can read the full kit and caboodle of fees when you get your loan contract, preferably wrapped in a big green bow.

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