Tic:Toc Home Loan Review

Tic:Toc Home Loan Review

Read Here for Our Tic:Toc Home Loan Review:

Tic:Toc has the fastest online home application in Australia. On average, customers can get an approval complete – with a contract – in 58 minutes or less from when they started their online application. But it’s not just speedy home loan approvals for Tic:Toc. With their very own efficient technology, this lender’s home loan specialists can focus their time on helping customers if and when they need it.

Who is Tic:Toc?

Tic:Toc is an online-only fintech lender that is backed by Bendigo and Adelaide Bank. Although it was launched only in 2017, it has a customer hub that combines more than 100 years of experience in credit. It is made up of home loan experts who love solving problems for their customers.

Types of Tic:Toc home loans that you can consider

Tic:Toc offers home loans for both owner-occupiers and investors. They have some of the lowest rates in the market and can typically approve online applications in less than an hour. In addition, they only require a minimum deposit of 10 per cent, making their home loans available even to those who have small deposits.

  1. Live-in variable rate home loan

This product has no upfront or ongoing fees and comes with an optional offset account.

Key features:

  • Type of repayment: principal and interest
  • Loan term: up to 30 years
  • Maximum loan to value ratio (LVR): 90%
  • Minimum loan amount: $50,000
  • Maximum loan amount: $2 million
  • Unlimited additional repayments
  • Online redraw on your extra repayments at no cost
  • No upfront or ongoing fees
  • Optional offset account for $10 per month
  1. Live-in fixed rate home loan

If you want to lock in your preferred rate for a while, then this is the product for you. You can choose a fixed-rate term between 1 and 5 years.

Key features:

  • Type of repayment: principal and interest
  • Fixed-rate term: 1 to 5 years
  • Maximum loan term: 30 years
  • Maximum LVR: 90%
  • Minimum loan amount: $50,000
  • Maximum loan amount: $2 million
  • Additional repayments: up to $20,000 per year
  • Online redraw on your additional repayments at no cost
  • No upfront or ongoing fees
  • Optional offset account for $10 per month

How do I apply for a Tic:Toc home loan?

To be eligible to apply for a Tic:Toc home loan, you must:

  • be at least 18 years of age
  • be a citizen or resident of Australia
  • have a regular source of income

What documents do I need to prepare?

When applying for a home loan, you will need to present documents that will establish your identity, financial situation, employment status, and details about the property you intend to buy. Make sure you have all these documents ready before you apply.

  1. Identity documents. This includes your passport, driver’s licence or birth certificate.
  2. Proof of income. These documents will establish that you have a regular source of income, such as your recent payslips and a letter of employment from your company.
  3. Assets and liabilities. You need to provide your savings accounts, investments and other documents that show your current assets. You will also need to provide any document that indicates your outstanding debt, including credit cards, car loans and personal loans.
  4. Details about the property. To complete your online home loan application with Tic:Toc, you will need to provide the address of the property you want to buy as well as a signed contract of sale.

Find the best home loan provider by comparing.

Looking at several lenders will help you see the advantages of one company over the rest. You can do this easily by comparing more than 25 lenders on Makes Cents. Don’t lose out on the best home loan deals. Start the comparison today.

Our Tic:Toc Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents.

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