Home loan eligibility

Here's what you need to be eligible for a Tic:Toc home loan or Tic:Toc + Choice, our in-house broker offering.

Property type

Tic:TocTic:Toc + Choice

You’re buying or refinancing an established property (not off-the-plan or under construction)

Units and apartments within a high-density complex?

  • Subject to additional criteria and require a 30% deposit
  • You can chat with us if you have any questions around high-density (or see our definition below the table)
  • For all kinds of residential properties, including ones not available through Tic:Toc


    Tic:TocTic:Toc + Choice

    You’re buying or refinancing a home or investment property in a capital city or major regional centre

    Ready to apply?

  • If you’re ready to purchase, use an approximate or exact address of the property you’re looking to buy
  • If you’re still looking, and a couple of months out from purchasing, select the appropriate timeframe in our application to indicate what area you're looking to purchase in
  • Australia-wide: capital cities, major, regional and rural areas

    Loan types

    Tic:TocTic:Toc + Choice
  • Variable or fixed
  • P&I or IO
  • For live-in (owner-occupied) and investment home loans
  • Same as Tic:Toc but with extras like:
  • A construction loan
  • A loan for land, properties purchased off the plan, and for properties with a small sqm (i.e. less than 50sqm)
  • A guarantor loan
  • Split loans (where you'd like both a fixed and variable loan)
  • Debt consolidation
  • Bridging loans
  • Cross-securitisation
  • Deposit amount

    Tic:TocTic:Toc + Choice
  • Loans under $2M: 20% deposit if you don’t need Lenders’ Mortgage Insurance (LMI)
  • Loans above $2M: 25% deposit if you don’t need LMI
  • If you have between 10-19% deposit, you’ll need LMI
  • Unit or apartment within a high-density complex?

  • You’ll need a minimum 30% deposit
  • The minimum deposit required for a Choice home loan starts at 2% – there are fees you'll need to cover like some government and third party fees. We recommend budgeting for at least 10% of the property value

    Loan amount

    Tic:TocTic:Toc + Choice

    Our minimum loan amount is $50K, and our maximum loan amount is $3M

    Loans above $2M:

  • You’ll need a minimum 25% deposit
  • Funds in this instance can’t be used for an equity release or ‘cash out’ refinance
  • Loan amounts are dependent on location, but as a guide, loan amounts start at $100K with Tic:Toc + Choice and can go up to $5M. There may be some varying deposit requirements depending on what loan and lender is recommended to you


    Tic:TocTic:Toc + Choice

    You’re currently employed, either through PAYG or self-employment.

    Full-time and permanent part-time PAYG roles

  • you've held your job for 6 months, or
  • had 12 months of continuous service in the same industry
  • Dependent contractor PAYG roles

  • you've held your job for 6 months, or
  • had 2 years of continuous service in the same industry
  • Casual PAYG roles

  • you've held your job for 12 months, or
  • 6 months if you’ve had 2 years of continuous service in the same industry
  • Self-employed roles

  • you've traded for 2 years, and
  • meet our other self-employment criteria
  • With 100s of loan products on offer, we're sure we can find something that can meet your requirements no matter your employment situation

    Types of identification

    Tic:TocTic:Toc + Choice
    You have at least one valid (i.e. not expired) form of government ID, for example:
  • A passport,
  • A driver’s licence, or
  • Medicare card
  • You’ll need at least 2 forms of government ID:
  • Medicare card (must-have)
  • A passport, and or
  • A driver's licence
  • Country and citizenship

    Tic:TocTic:Toc + Choice
    You’re an Australian citizen or permanent resident who lives in AustraliaAt least one applicant must be a permanent resident

    Refinancing with your plus one

    Tic:TocTic:Toc + Choice
    You are both listed on the current property title.
    If you are both noted as owners on the title, you must both be applicants to the new loan. We can’t consider loans involving guarantors.
    See criteria in 'Country and citizenship'

    If you meet these criteria, it sounds like we could be a good fit for each other

    What is considered 'high-density'?

    Our policy defines high-density as 'complexes with more than 50 units/apartments, or is more than 5 storeys (excluding car parking)'.

    There are a few more details we'll check before we can give you the thumbs up on your property. If you'd prefer to check if your property meets the requirements, you can chat to our team, or you can enter the address on the first page of the application to see if it's eligible for Tic:Toc or if we can better meet your requirements through Tic:Toc + Choice.

    Our system may not always be able to identify a high-density property straight away (especially recently built complexes), but we'll try and give you as much info up front as possible.

    Have more questions about home loans?

    Learn more with some of our frequently asked questions