Yes, despite what you may hear about Internet security, applying online for a Tiimely Home loan is safe and secure.
That’s because, unlike bricks and mortar lenders where your loan application sits on somebody’s desk for all the world to see, your sensitive information is stored digitally online with us and we’re the only ones who can access it.
Your information is encrypted using the industry standard Transport Layer Security (TLS) 1.2 (used by most Australian banks). And Tiimely Home has our own dedicated security team to ensure our security is always up-to-date and state of the art.
When we validate your financial information by asking for your banking login details, our software (Yodlee) retrieves read-only copies of your transaction history.
We only see the information we need to approve your loan application, which is exactly the same as if you manually uploaded your documents. And as soon as it’s been validated, it’s encrypted and securely stored. Once your financial validation has been completed it's completely obliterated, never to be seen again.
So you see … safe as houses. And the benefits of applying online speak for themselves.
Because we’re exclusively online, we have lower overhead costs, which means we’re able to offer lower interest rates and low or no fees on our home loans. And you can apply online any time, anywhere and in under an hour, which is not something any bank can match.
- Security & Privacy