What does it mean to be bank backed?

Is Tiimely Home a bank?

No, we’re not a bank. But we’re backed by a trusted bank.

So what does that mean?

Tiimely Home has the backing of Bendigo and Adelaide Bank; they fund our home loans, provide our offset accounts and importantly, giving our customers the protections a bank has in the unlikely event of a finance crisis. Read our guide on the Financial Claims Scheme (FCS) and why it's important that our offset accounts are covered under the FCS for up to $250,000.

Our agreement with them to fund our Tiimely Own home loans means that when you get a Tiimely Own home loan, any funds we loan you come from Bendigo and Adelaide Bank .
Our proprietary tech that powers our application process, is so efficient at assessing customers for a home loan, that we get market-leading pricing on the bank funds. This means we can offer customers bank-grade products but with low rates and no hidden fees.

Bendigo and Adelaide Bank has been our partner since our early days and continue to be an important shareholder and invested in our future.

Why does Tiimely Home need a bank partner?

Partnering with a bank enables us to:

• reduce our overhead costs and offer lower interest rates
• focus on tech innovation for the home loans industry
• combine the best features of a bank (like offering an offset account) with the best features of a Fintech (100% online application).