From today, Tic:Toc will be reducing its variable principal and interest (P&I) live-in home loan rate for new customers to a low 2.19% p.a. (2.20% p.a. comparison rate). 

The new low variable rate comes with no upfront or ongoing fees and is available with a deposit as low as 10%. 

It also comes with an optional offset account, and because Tic:Toc is backed and funded by Bendigo and Adelaide Bank, any money in the offset is covered by the $250k deposit guarantee scheme.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
Featured Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
5.99% p.a.
5.90% p.a.
Principal & Interest
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

To put Tic:Toc's new low rate into perspective,'s research shows a number of home loans below 2.00% p.a.

While many of these loans are fixed rates, variable rate home loans that have a lower advertised interest rate include:

  • Reduce: 1.89% p.a. (1.92% p.a. comparison rate*) variable rate for owner-occupiers on principal & interest payments with LVR of 60% or less.
  • Easy Street Financial Services: 1.95% p.a. (1.99% p.a. comparison rate*) variable rate for owner occupiers borrowing at least $750,000 on principal & interest repayments with LVR of 80% or less.
  • Pacific Mortgage Group: 1.99% p.a. (1.99% p.a. comparison rate*) variable home loan for owner-occupiers on principal & interest repayments with LVR of 60% of less.
  • 1.99% p.a. (2.48% p.a. comparison rate*) one-year introductory variable rate for owner occupiers on principal & interest repayments with LVR of 80% or less.
  • Illawarra Credit Union: 1.99% p.a. (2.93% p.a. comparison rate) two-year variable introductory home loan, or two-year fixed home loan for owner-occupiers on principal & interest payments.

However, these loans have either introductory interest rates, meaning they're temporary, or have higher deposit requirements than Tic:Toc's loan. 

"We’re excited we can offer new customers such a sharp home loan rate, which at 2.19% and with no upfront or ongoing fees, delivers on Tic:Toc’s promise of a smarter home loan," Laura Osti, Tic:Toc Head of Marketing & Communications told

“The best part is, our digital application and assessment process means a faster and simpler experience.”'s research shows refinancing to a 2.19% p.a. interest rate could save the average mortgage holder $241 a month in repayments (this is based on a $400,000 owner-occupier home loan making P&I repayments on an original rate of 3.33% p.a.).

It doesn't stop there: Tic:Toc are also offering a sharp fixed two-year principal and interest (P&I) live-in home loan of 2.09% p.a. (2.35% p.a. comparison rate).

Borrowers also only need a 10% deposit and there are no upfront or ongoing fees. 

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