No honeymoon rates
Existing borrowers may have a different interest rate, depending on the price we were able to negotiate with our funder at the time the loan settled, and any reductions made over time. We don’t do honeymoon rates, or make loyal customers subsidise lower prices for new customers. We’re transparent with our rate history, you can read about it here.
Our current rates
Our rates are current as of 25 July 2022; 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. You can find all of our roll-to rates here. If the interest only period is not specified, the comparison rate is calculated on a one year period.
Rate match offer:
If you’ve seen a lower rate for an identical variable P&I home loan product, and you’re applying for a loan from 1 June 2022, we’ll match the rate. This offer is available to customers eligible for a Tic:Toc Live-in or Investment home loan purchasing or refinancing a property from another financial institution. The rate will be honoured if the rate appears in your loan contract which must be accepted by you under the normal terms of the contract. This offer may change or be withdrawn at any time. This offer is subject to normal lending criteria and government charges. Excludes refinance of existing Tic:Toc home loans.
What do we mean when we say ‘an identical variable P&I home loan product’?
We’ll match the rate on the competitor variable P&I home loan product if it’s identical to the material features of our Tic:Toc product and the competitor product is currently on offer (i.e. not an expired or past promotion or offer). If the other product doesn’t contain the features that ours does and has extra fees, Tic:Toc doesn’t consider this to be an ‘identical product’.