Tic:Toc announced on Tuesday new customers will receive $2,022 cashback on new and refinance home loans.
Tic:Toc’s cashback offer is available across its entire home loan portfolio for both owner-occupiers and investors, provided there is a minimum $300,000 loan balance.
Borrowers must apply by 28 February and settle by 30 May to be eligible for the cashback offer.
Tic:Toc currently offers variable home loan rates for owner occupiers from 1.89% p.a. (1.90% p.a. comparison rate*).
Tic:Toc Chief Marketing Officer Laura Osti said the cashback offer starting February 1 provides customers Tic:Toc’s low rates, plus some money in their pocket to help kick-off 2022.
"Customers can use the cash to treat themselves after what’s been a couple of rough years, or put the cashback money into their home loan to save even more over the life of their loan," Ms Osti said.
"Normally when reviewing the cashback offers in the market, often you’ll only be getting enough cash to cover what you’re paying in fees and charges.
"Tic:Toc doesn’t charge any upfront or ongoing fees, meaning it’s all good news."
As a digital lender, new home loans or refinancing with Tic:Toc starts with applying online with Australian based help available 7 days a week.
A Tic:Toc spokesperson told Savings.com.au says if borrowers don’t receive an instant decision on their application, one of Tic:Toc’s assessors will be in touch about the application with a decision made in days.
Compare a range of Tic:Toc home loans in the table below.
Lender | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| NO ONGOING FEESFREE REDRAW FACILITY | Live-in Variable Loan (Principal and Interest) (LVR < 90%)
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Live-in Variable Loan (Principal and Interest) (LVR < 90%)
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| Variable | More details | ||||||||||||
Live-in Variable Loan (Principal and Interest) (With Offset)
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Live-in Variable Loan (Principal and Interest) (With Offset)
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| Fixed | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Fixed Loan (Principal and Interest) 1 Year
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Live-in Fixed Loan (Principal and Interest) 1 Year
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| Fixed | More details | ||||||||||||
Live-in Fixed Loan (Principal and Interest) 2 Years
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Live-in Fixed Loan (Principal and Interest) 2 Years
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- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
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. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. 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 June 29, 2022. View disclaimer.
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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.
Lender | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDUNLIMITED REDRAWSSPECIAL OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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| Variable | More details | ||||||||||||
| QLD/NSW/VIC/SA METRO & INNER REGIONAL AREAS | Variable Home Loan (Principal and Interest)
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Variable Home Loan (Principal and Interest)
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| Variable | More details | ||||||||||||
| REFINANCE ONLY | Variable Rate Home Loan – Refinance Only
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Variable Rate Home Loan – Refinance Only
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| Variable | More details | ||||||||||||
| NO ONGOING FEESFREE REDRAW FACILITY | Live-in Variable Loan (Principal and Interest) (LVR < 90%)
| ||||||||||||
Live-in Variable Loan (Principal and Interest) (LVR < 90%)
| |||||||||||||
- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
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. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. 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 June 29, 2022. View disclaimer.
Image by Mohamed Hassan via Pixabay
