Tic:Toc cuts variable home loan rates to 'lowest ever'

The lender's variable rate paying principal & interest (P&I) for owner occupiers was cut down to 2.04% p.a. (2.05% p.a. comparison rate*), for loan-to-value (LVR) ratios up to 90%.

Tic:Toc now also claims to have the lowest fee-free variable loan paying (P&I) for investors, now down to 2.19% p.a. (2.20% p.a. comparison rate*) for borrowers with maximum LVRs of 90%.

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.

Loan purpose

Refinancing

Loan amount

Update resultsUpdate

Compare

Filters

Lender	Home Loan	Interest Rate	Comparison Rate*	Monthly Repayment	Repayment type	Rate Type	Offset	Redraw	Ongoing Fees	Upfront Fees	Max LVR	Lump Sum Repayment	Extra Repayments	Split Loan Option	Tags	Features	Link	Compare	Promoted Product	Disclosure
loans.com.au	loans.com.au Bare Home Loan (Basic OO P&I <90%)	5.94% p.a.	5.98% p.a.	$2,978	Principal & Interest	Variable			$0	$530	90%				Owner Occupier Variable Principal & Interest 10% Min Deposit Redraw Extra Repayments More details	Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Dedicated loan specialist throughout the loan application.	Go to site	Compare	Promoted	Disclosure
Unloan	Unloan Variable Rate Home Loan LVR < 80%	5.89% p.a.	5.80% p.a.	$2,962	Principal & Interest	Variable			$0	$0	80%				Built and funded by CommBank Owner Occupier Variable Principal & Interest 20% Min Deposit Redraw More details	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.	Go to site	Compare	Promoted	Disclosure
Regional Australia Bank	Regional Australia Bank Home Loan Fixed (Owner Occupier, Principal and Interest, max lvr 60%) (3 years)	5.99% p.a.	6.02% p.a.	$2,995	Principal & Interest	Fixed			$0	$0	60%				Owner Occupier Fixed 3 Years Principal & Interest 40% Min Deposit Redraw More details	Competitive rates to help you save A Dedicated Relationship Manager Certainty of repayments with a fixed rate term	Go to site	Compare	Promoted	Disclosure
Homestar	Homestar Star Nova LVR <70% (Owner Occupied, Principal and Interest)	5.93% p.a.	5.93% p.a.	$2,975	Principal & Interest	Variable			$0	$395	70%				Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details		Go to site	Compare		Disclosure
Reduce Home Loans	Reduce Home Loans EconoME Home Loan (Owner Occupier, Principal & Interest, LVR 60%)	5.99% p.a.	6.01% p.a.	$2,995	Principal & Interest	Variable			$0	$150	60%				$3000 Cashback T&Cs apply Owner Occupier Variable Principal & Interest 40% Min Deposit Redraw More details		Go to site	Compare		Disclosure

More home loans

Tic:Toc head of marketing and communications Laura Osti said there's now "no excuse" not to find a competitive interest rate.

"Tic:Toc wants to prove to Australians that refinancing to a lower rate isn’t a burden, it’s a right," she said.

"We’ve made the process fast and simple, so that Australians can take control and look after themselves by getting the best possible home loan for them."

Related: UBank removes LMI for 15% deposits, Athena cuts variable rates

Fixed loans continue their hiking trip

As well as some cuts, Tic:Toc also raised interest rates on some home loans, most notably in the fixed space.

Some highlights include:

• Investment Fixed IO 1 Year: 43 basis point rise to 2.82% p.a. (2.85% p.a. comparison rate*)
• Live-In P&I Fixed 4 Years: 10 basis point rise to 2.59% p.a. (2.23% p.a. comparison rate*)

Tic:Toc is not the only lender to raise rates on fixed loans lately, with Westpac, Aussie, UBank, and Citi having done so in recent weeks.