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.

Rates
Features
Fees
Other
Lender
VariableMore details
Online ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase
  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
Online ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase

loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)

  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
More details
VariableMore details
Refinance OnlyApply 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.
Refinance OnlyApply In Minutes

Unloan – Variable Rate Home Loan – Refinance Only

  • 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.
More details
VariableMore details
  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)

Up – Up Home Variable (Principal & Interest) (LVR ≤ 90)

  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)
More details
  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000

More details
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 December 6, 2023. 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



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