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Tiimely Own (formerly known as Tic:Toc) Variable Rate Home Loan
Get a low rate, low fee loan from a digital lender and apply online for full approval fast.
Tiimely’s Own Variable Rate home loan is an online loan that you can apply for using Tiimely’s fast approval system. The company boasts that it can reduce approval times from weeks to minutes. The Variable Rate loan is a low-fee loan with no charge for redraws or additional repayments.
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Review by
Richard Whitten
richard.whitten@finder.comRichard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.
Expert review
The Tiimely Own Variable Rate loan is available for owner-occupiers and is only available in capital cities and regional centres, including Tasmania and the Northern Territory.
As an online lender, borrowers apply for this loan entirely online. Tiimely assesses your eligibility and verifies your identity and income details as you apply. This results in a faster application process. Tiimely is backed by the Adelaide and Bendigo Bank.
About this loan
What are the features and benefits of Tiimely's Own Variable Rate home loan?
- Loan-to-value ratio (LVR). The Tiimely Own Variable Rate home loan requires at least a 20% deposit, meaning you can borrow up to 80% of the property's value.
- Repayment type and frequency. This loan allows for flexible monthly, weekly or fortnightly payments and unlimited additional repayments.
- Free redraws. This home loan allows unlimited free redraws.
- Offset account. Tiimely gives you the option of adding an offset account for a $10 monthly fee.
- Limited fees. Aside from a fee for the optional offset account, the Variable Rate loan has no application fees, ongoing fees or settlement fees. Tiimely will also provide a free valuation.
- Speedy application. The entire Tiimely application process is online, and if you have all the necessary details ready and meet Tiimely's lending criteria you can get approval for the Tiimely Own Variable Rate loan very quickly.
What fees and charges come with this loan?
- Optional offset account fee: $10. The only fee charged by Tiimely is the $10 monthly fee for the offset account.
How to apply
If you're ready to apply for the Tiimely Own Variable Rate loan you can click the green button below. This takes you to Tiimely's website, where you can begin your application. Tiimely claims they can approve lenders faster than traditional lenders, but you'll need some documentation first.
- Personal information. You need to provide valid ID, such as a driver's licence, Medicare card or passport.
- Financial information. Tiimely needs information about your household income and expenditures. If you provide your banking logins, Tiimely can verify all your financial information without the need to upload documents.
- Property information. You'll need to provide the address of the home you're buying or refinancing, along with its current estimated value.
January 16, 2024
Is the Offset 100% Offset?
January 19, 2024
Hi Jenel, yes they offer 100% offset accounts with all Tiimely Own home loans, including fixed rate loans.
January 16, 2024
Who is the Offset account with?
January 23, 2024
Hi Jenel,
The offset account is tied to the home loan. It’s all backed by Bendigo Adelaide Bank, so ultimately it’s with them (but everything will have Tiimely as the name)
April 3, 2023
Hi,
I have $240k savings and want to purchase 2 apartments within 1M. One for living and one for investment. What is the possibility of me entering such a way. I’m 44 now.
Thanks,
April 4, 2023
Hi Rav,
We recommend you meet with an experienced financial advisor or property advisor for person advice, as we’re not licenced to give you personal advice.
One thing to keep in mind when you purchase a home and/or investment property is stamp duty and LMI – these can add thousands or tens of thousands to the cost of buying a property.
Here’s some more info to help you work out how much you might be expected to pay:
https://www.finder.com.au/lmi-calculator
https://www.finder.com.au/home-loans/stamp-duty-calculator
Hope this helps!
March 20, 2023
I’m looking to buy property worth 710k, I’ve a saving of 75k. Wht would be the interest rate and eligibility.
March 22, 2023
Hi SJ,
Your rate depends on the type of loan. If you want a variable rate owner-occupier loan with principal-and-interest repayments you’re probably looking at a rate of 4.79%. Contact the lender for more detailed eligibility criteria.
February 3, 2023
Hi there.
The variable rate advertised at 4.57% is valid for home loans above 80% LVR? If not what would be the rate for a $570k loan on a 85% LVR?
Thanks
February 21, 2023
Hi Bianca,
This rate is available for borrowers with LVRS up to 90%. So 85% is fine.
Kind regards,
Richard