Fintech slashes loan rates

The lender says it can keep rates low due to cost efficiencies

Fintech slashes loan rates


By Rebecca Pike

A fintech lender has announced a reduction in its fixed home loan rates by up to 0.10%.

Tic:Toc’s one-year fixed live-in rate is now 3.59% and its two-year fixed home loan will match its standard variable rate at 3.64%.

According to the lender, the rate cut increases Tic:Toc’s standing as holding the lowest one and two year fixed rates in the market due to the cost efficiencies in its automated assessment and approval platform.  

Tic:Toc founder and CEO, Anthony Baum, said the decision to reduce fixed rates was great news for home loan customers and new home buyers looking for stability for the foreseeable future.

He said, “We recognised there is a lot of confusion in today’s market, with slumps in house prices, out of cycle rate changes, and erratic predictions around interest rate rises.   

“Helping Australians better manage their home loan repayments, or move into home ownership, is our priority, and we want to do so with full transparency.”    

Since its launch, Tic:Toc has received over $1.3billion in value of submitted home loan applications.

The home loans originated by Tic:Toc and backed by retail bank, Bendigo and Adelaide Bank, are available throughout Australia at, with the latest fixed rates advertised at


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