Tic: Toc cuts variable rates to “lowest on record”

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Online lender Tic: Toc today cut variable rates on some home loans by 15 basis points to their lowest ever.

The variable rate of the lender paying principal and interest (P&I) for owner-occupiers has been reduced to 2.04% per annum (comparison rate of 2.05% per annum *), for loan-to-value ratios (LVR ) up to 90%.

Tic: Toc now also claims to have the lowest no-charge variable loan (P&I) for investors, now at 2.19% per annum (comparison rate of 2.20% per annum *) for borrowers with a maximum LVR by 90%.


Buying a home or looking to refinance? The table below shows home loans with some of the lowest interest rates on the market for homeowners.

Tic: Toc, Marketing and Communications Manager Laura Osti, said there was now “no excuse” not to find a competitive interest rate.

“Tic: Toc wants to prove to Australians that refinancing at a lower rate is not a burden, it is a right,” she said.

“We’ve made the process quick and easy, so Australians can take control and take care of themselves by getting the best possible home loan for them.”

Related: UBank Removes LMI on Deposits by 15%, Athena Cuts Variable Rates

Fixed rate loans continue their trekking journey

In addition to some reductions, Tic: Toc has also increased interest rates on some home loans, especially in the fixed space.

Some highlights include:

  • 1 Year Fixed IO Investment: 43 basis points increase to 2.82% pa (benchmark rate of 2.85% pa *)
  • Live-In P&I Fixed 4 Years: 10 basis points increase to 2.59% pa (comparison rate of 2.23% pa ​​*)

Tic: Toc isn’t the only lender to increase fixed loan rates lately, with Westpac, Aussie, UBank and Citi having done so in recent weeks.


Photo by Andrea Natali on Unsplash

The entire market was not taken into account in the selection of the above products. Instead, a smaller portion of the market has been envisioned, which includes the retail products of at least the Big Four Banks, the Top 10 Client-Owned Institutions, and Australia’s largest non-banks:

Products from some vendors may not be available in all states. To be taken into account, the product and the price must be clearly published on the website of the supplier of the product.

In the interest of full disclosure, Savings.com.au, Performance Drive, and Loans.com.au are part of the Firstmac group of companies. To learn more about how Savings.com.au handles potential conflicts of interest, as well as how we are paid, please click on the links on the website.

*The Comparison rate is based on a loan of $ 150,000 over 25 years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees, or other loan amounts may result in a different comparison rate.


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