![]() ![]() If you decide to apply for a credit product listed on, you will deal directly with a credit provider, and not with. is a general information provider and in giving you general product information, is not making any suggestion or recommendation about any particular product and all market products may not be considered. Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Read about how Savings Media Group manages potential conflicts of interest, along with how we get paid. #TICTOC LOANS FULL#In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. ,, , and Performance Drive are part of the Savings Media group. To be considered, the product and rate must be clearly published on the product provider's web site. Some providers' products may not be available in all states. Rather, a cut-down portion of the market has been considered. The entire market was not considered in selecting the above products. #TICTOC LOANS LICENSE NUMBER#© 2022 | AFSL and Australian Credit License Number 515843 However, RBA Governor Dr Philip Lowe stated on Tuesday the Bank wouldn't raise the cash rate until its inflation and unemployment goals were met, which it didn't expect would happen until 2024. The Reserve Bank (RBA) held the cash rate again at 0.10% on Tuesday, but its Board members gave some guidance as to when it would hike the rate.Įconomists from the big four banks believe the central bank will be 'forced' to hike the rate in 2023 - Westpac economists forecast the rate to be 1.25% in 2024. "All of our home loans can have a 100% offset account attached, even our fixed loans, which is a unique feature for a low rate home loan with no upfront or ongoing fees." "We think a sharp one year fixed rate is a great option, providing customers a good mix of certainty and flexibility. We want to give our customers options, so we’ve lowered our one year fixed rate too," she said. "There’s a lot of talk about where rates are headed over the next couple of years. Ms Osti said Tic:Toc wanted to give borrowers flexibility and security at a time when speculation was rife as to where the home loan market was heading. Much of the market has been heading in the opposite direction to Tic:Toc of late, with big four lenders NAB and Westpac just some of the banks hiking rates in recent months. Recent research from found Tic:Toc had one of the quickest home loan approval times in the market, offering same-day approvals, with the fastest approvals coming in under an hour. "We’re able to give customers this kind of saving because of the speed and efficiency of our process, which means faster turnarounds for the customer at a lower price," Ms Osti said. Laura Osti, Tic:Toc's Head of Marketing and Communications, said the rate changes had the potential to save borrowers thousands over the life of their loan. Investor Variable IO: 19 basis point cut to 2.65% p.a.Live-in One Year Fixed P&I: 5 basis point cut to 1.84% p.a.Live-in Variable P&I: 15 basis point cut to 1.89% p.a.The details of the Tic:Toc rate changes are: Online lender Tic:Toc has dropped rates on both variable and fixed home loan products to their lowest ever levels.Įffective from today for new customers, the cuts apply to fixed and variable rates for owner occupiers paying principal & interest (P&I), and investors paying interest-only (IO). ![]()
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