Tic:Toc offers $2022 cashback to start 2022

Online lender Tic:Toc is offering eligible customers who refinance with them the chance to start 2022 a bonus $2022 cashback.

Tic:Toc spokesperson, Laura Osti, said that “customers can use the cash to treat themselves after what’s been a couple of rough years, or put the cashback money back into their home loan to save even more over the life of their loan.”

As well as this cashback deal, Tic:Toc offers a variable interest rate of 1.89 per cent (1.90 per cent comparison rate), convenient online application processes, and no upfront or ongoing fees. This cashback offer is available to eligible customers from 1 February 2022 for a limited time.

While traditionally mortgage lenders have competed around interest rates, fees, and other charges, many of Australia’s banks and other mortgage lenders are now competing over the cashback rewards they’re offering to encourage borrowers to refinance.

According to Ms Osti, Tic:Toc normally tells its customers to “look at the fine print when reviewing the cashback offers in the market, because often you’ll only be getting enough cash to cover what you’re paying in fees and charges.”

Before refinancing with any lender, it’s important to compare home loan options and consider which loans may best suit your needs and financial goals. If you have your eye on a home loan with a cashback deal, remember to compare the value of the cashback offer to the cost of switching fees and other charges, as well as its interest rate and other features and benefits.

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