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How does Tiimely Home work out my household expenditure?

First, we’ll ask you some questions about how much you think your monthly expenses are.

Then, when you link your accounts or upload your financial statements, we'll validate your stated expenses by comparing them to what's coming in and out of your accounts. Our platform can do this digitally using our data models, which makes Tiimely Home a leading responsible lender. If you're a low spender, we use an Australian average expenditure benchmark called the Household Expenditure Measure (HEM) as a baseline for what your household would typically spend. This was developed by the clever humans at the Melbourne Institute of Applied Economic and Social Research.

What do we do with that information? We use it to make sure you can afford to repay the loan. Which you’ll thank us for later.

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Legal things about our rates
Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount over a 25 year term. They factor in fees associated with applying for the loan; ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. If the interest only period is not specified, the comparison rate is calculated on a one year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Tiimely Turnaround
^Our turnaround times are up to 2x faster than the industry, based on a comparison of our average platform submit to approval time compared to industry submit to approval time, published here  (June 2023). Customer turnaround times are dependent on individual circumstances and may require an assessor to obtain more information.

Our trade mark
Tiimely is a registered trademark of Tiimely Pty Ltd.