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.

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.

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.

Photo by Andrea Natali on Unsplash

Ready, Set, Buy!

Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

With bonus Q&A sheet and Crossword!

By subscribing you agree to our privacy policy