There are typically a range of costs involved when you take out a home loan. These can include application fees, valuation fees, establishment fees and discharge fees.
But not if you’re applying for a Tic:Toc home loan.
Because we’re a purely online service with none of the overheads of the brick and mortar lenders, we’re able to eliminate most fees altogether.
Check out the savings you can make:
|Fee type||Industry standard||Tic:Toc|
|Application fee||Up to $600||$0|
|Monthly fee||Up to $15||$0|
|Annual fee||Up to $400||$0|
|Redraw fee||Up to $50 per redraw||$0|
|Valuation fee||Up to $3500||$0|
|Settlement fee||Up to $650||$0|
|Up to $2,200|
Approx. $60 - $200
Our digital conveyancer will charge a PEXA fee around $60 for online settlement, or $80 to $200 for paper settlement (if required), which we pass on. If you're buying a home, you may also need to cover the cost of your own conveyancer or solicitor.
|Exit / discharge fee||Up to $700||$325|
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
|Around $260 - $440|
Government buying costs
These vary by state, but include stamp duty, title and mortgage registration, and title search fees.
Dependent on your property value and which state you're in, but can be thousands.
Curious about the cost to refinance? We've got that covered too.