'Rate Match' from Tic:Toc is available for eligible owner occupiers and investors across variable rate 'Live-in' or 'Investment' home loans financing from June 1.
The digital lender will match the variable rate across a competitor's variable principal and interest (P&I) home loan products if it is currently on offer and is identical to the material features of the Tic:Toc product.
This means that if the competitor's product for example does not offer an offset account whereas Tic:Toc's product does, Tic:Toc will not consider the products identical and therefore will not match the competitor's rate.
Further, the 'Rate Match' rate will be honoured if the rate appears in the home buyer's loan contract, which must be accepted under the normal terms of the contract.
Tic:Toc's Chief Marketing Officer Laura Osti said the digital lender is confident that the brand has Australia’s lowest cost P&I variable home loan, with no fees, and 90% LVR.
"Having the best rate is just where we start - you get other benefits like no Tic:Toc fees, great product options including a 100% offset account, super fast turnarounds and personalised Australian-based customer service," Ms Osti said.
It's important to note like all variable rate home loans, Tic:Toc's variable Live-In and Investment home loans are susceptible to interest rate movement following the RBA cash rate decision.
Compare a range of Tic:Toc's home loans in the table below.
Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | More details | ||||||||||||
Tiimely Home – Live-in Variable Loan Home Loan (Principal and Interest) (LVR < 90%) | |||||||||||||
Variable | More details | ||||||||||||
Tiimely Home – Live-in Variable Home Loan (Principal and Interest) (With Offset) | |||||||||||||
Fixed | More details | ||||||||||||
Free Redraw Facility | |||||||||||||
Tiimely Home – Live-in Fixed Home Loan (Principal and Interest) 1 Year |

- Immediate cashback upon settlement
- $2000 for loans up to $700,000
- $4000 for loans over $700,000
Image by Planet Fox via Pixabay

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