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Tic:toc Home Loan Review

Launched in July 2017 and backed by Bendigo and Adelaide Bank, Tic:Toc is proud to transform the mortgage lending process.

Its core technology allows a real-time home loan application to be assessed when a customer fills in their details online, which takes just 22 minutes. The online lender’s mission is to simplify the process and provide borrowers with what it calls an “instant home loan” experience.

Tic:Toc says it prides itself on having low interest rates, no upfront or ongoing fees, and a faster process.

What mortgage features does Tic:Toc offer?

Tic:Toc home loans offer a range of features such as:

  • Instant evaluation: The assessment and result of the home loan application is 100% online and can be done instantly.

  • Free loans: Tic:Toc home loans have no type of upfront or ongoing fees.

  • Clearing account: Customers can add an offset account to a home loan for $10 per month.

  • Additional refunds: Free and unlimited additional refunds are allowed.

  • Ease of redrawing: Tic:Toc offers a free and unlimited withdrawal on any additional redemption.

Check out some of Tic:Toc’s homeownership loans in the table below.

Basic criteria: a loan amount of $400,000, variable, fixed, principal and interest (P&I) real estate loans with an LVR (loan-to-value) ratio of at least 80%. However, the “Compare mortgages” table allows calculations to be made on the variables selected and entered by the user. All products will list the LVR with the product and price list which is clearly published on the product supplier’s website. Monthly repayments, once the basic criteria are modified by the user, will be based on the advertised prices of the selected products and determined by the loan amount, repayment type, loan term and LVR as entered by the user. user/you. *The comparison rate is based on a loan of $150,000 with a term of 25 years. Please note that the comparison rate only applies to the examples given. Rates correct as of 23 January 2022. See disclaimer.

See how Tic:Toc home loans compare to homeownership loans from other providers


Rate Type Gap Redraw Ongoing charges The initial costs LVR Lump sum reimbursement Additional refunds Pre-approval

Variable More details

Smart Booster Home Loan Discounted Variable – 2 years (LVR
  • Fast turnaround times, can meet 30 day settlement
  • For purchase and refinancing, down payment min 20%
  • No ongoing or monthly fees, add 0.10% compensation

Variable More details

Homeowner Accelerates – Celebrate (LVR
  • We lower your rate based on the amount you have repaid on your loan
  • Automatic Fare Matching
  • No upfront or ongoing fees

Fixed More details

Fixed mortgage 1 year (capital and interest) (LVR
  • Make up to $20,000 in additional repayments per fixed term
  • Redraw available – allows you to access any additional loan repayments you have made
  • Choose to lock rates for 90 days (fees apply)

Variable More details

Owner Occupied Variable, Principal & Interest (Refinance Only)(LVR
  • No application or ongoing fees.
  • 100% free clearing sub-account.
  • Fast online application, approval in minutes not weeks.
  • Mobile app, Visa debit card, Apple and Google Pay
  • Refinance loans and variable rates only.

How can Tic:Toc save its customers money?

There are usually a range of costs involved when you take out a home loan. These may include application fees, appraisal fees, set-up fees and discharge fees.

Because Tic:Toc is a purely online service without the overhead of brick-and-mortar lenders, they can eliminate most fees altogether.

Find out how much you can save:

Registration fees

Up to $850


Monthly fee

Up to $50


Annual subscription

Up to $500


Withdrawal fees

Up to $25 per new draw


Assessment fees

Up to $800


Settlement fees

Up to $200


Lawyer/conveyor fees

Up to $200

About. $60 – $200

TicToc’s digital carrier will charge a PEXA fee of approximately $60 for online settlement, or $80 to $200 for paper settlement (if required), which we pass on. If you are buying a house, you may also need to cover the costs of your own solicitor or solicitor.

Exit / discharge fees

Up to $1000


Government refinancing costs

These vary by state, but include title registration, mortgage release, and title search fees.

Around $260 – $440

Government purchase costs

These vary by state, but include stamp duties, title and mortgage registration, and title search fees.

It depends on the value of your property and the state you are in, but it could be thousands.

Source: Tic:Toc

Am I eligible for a Tic:Toc home loan?

If you can answer yes to the following few questions, chances are that Tic:Toc can help you with a home loan.

Property type – you are buying or refinancing an established property (not off-plan or under construction). Units and apartments in a high-density complex are subject to additional criteria and require a 30% deposit.

Site – you buy a house or an apartment building in a capital or a large regional centre.

Deposit amount – you have at least 10% down payment or equity plus savings to cover fees and charges such as stamp duty. If you have less than 20% down payment, you will also need to pay Lenders Mortgage Insurance (LMI). Loans over $2 million require a minimum deposit of 25%.

Amount of the loan – you want to borrow an amount between $50k and $3m. Loans over $2 million require a minimum deposit of 25%. Funds in this case cannot be used for an equity release or “cash-in” refinance.

Use – you are currently an employee, either on a pay-as-you-go basis or as a self-employed person.

  • For paid full-time and permanent part-time positions, you have been employed for 6 months or have had 12 months of continuous service in the same industry.

  • For PAYG dependent contractor roles, you have been employed for 6 months or had 2 years of continuous service in the same industry.

  • For PAYG casual roles, you have been employed for 12 months, or 6 months if you have had 2 years of continuous service in the same industry.

  • For freelance roles, you have traded for 2 years and meet our other freelance criteria.

Eligibility criteria

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

  • Buy or refinance an established home that is worth at least $150,000. Land or off-plan purchases are not eligible.

  • Have a minimum of 10% down payment or equity for an owner-occupied home loan, or 15% down payment or equity for an investment or interest-only home loan

  • Be an Australian citizen or permanent resident and live in Australia

  • Provide ID for each applicant

How to apply with Tic:Toc?

According to the lender, Tic:Toc’s fast and efficient application process assesses you as you complete the application, speeding up home loan approval.

Tic:Toc says, “Tic:Toc’s world-first technology lets you apply for a home loan wherever you want, whenever you want. We’ve simplified the application process to under an hour, so you can get a home loan quickly and easily. Plus, our process keeps costs down so we can offer you award-winning rates with no upfront or ongoing fees.

Necessary documents

To ensure that your mortgage application is completed within the same one-day period, make sure you have the following documents on hand:

  • The address of the property you are buying and its estimated value

  • How much do you want to borrow for your home loan

  • Your family income before taxes

  • Estimated household expenses (e.g. groceries, utility bills, child care)

  • The last three months of your transaction statements

Image by Malvestida Magazine via Unsplash

The whole market has not been taken into account in the selection of the above products. Instead, a reduced portion of the market was considered. Products from some vendors may not be available in all states. To be considered, the product and price must be clearly published on the product supplier’s website.,, and Performance Drive are part of the Savings Media group. In the interest of full disclosure, Savings Media Group is associated with Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.