Being online means we keep it fast and simple, but it also means that we can't lend money against properties everywhere. We’re restricted to lending against properties in capital cities and major regional centres.
To apply with Tic:Toc, you need enough money to cover 20% of the property's value, plus other things like government charges.
Because if you don’t, you need to take out Lenders’ Mortgage Insurance (known as LMI), which covers the lender in case you default on your loan. It’s not cheap, and you have to pay it. We aim to keep things simple, so we have removed the need for this type of insurance all together. Phew.
There are a few things you should know before we get started. To be eligible, you’ll need:
Visit get Tic:Toc ready to find out more. Or if you have questions about how we lend money, read our credit guide.
We're still friends though, right?
Enter your property details, and we’ll run a digital property valuation to confirm how much you can borrow.
Answer some loan related questions, and we’ll offer some home loan options, tailored just for you.
Fill in your personal details (to get better acquainted), and we'll verify your ID against government databases.
Answer some questions about your income and expenses, which we can validate on the spot.
We’ll let you know if you're approved, and your loan docs will be on their way!
First, we need some personal details.
Then we'll send you an email, with a link to get back to your application. So your can pick up where you left off, when you feel like it.