Apply now

Back to FAQs

What does it mean to be bank backed?

Is Tiimely Home a bank?

No, we’re not a bank. But we’re backed by a trusted bank.

So what does that mean?

Tiimely Home has the backing of Bendigo and Adelaide Bank; they fund our home loans, provide our offset facility and importantly, giving our customers the protections a bank has in the unlikely event of a finance crisis. Read our guide on the Financial Claims Scheme (FCS) and why it's important that our offset facility is covered under the FCS for up to $250,000.

Our agreement with them to fund our Tiimely Own home loans means that when you get a Tiimely Own home loan, any funds we loan you come from Bendigo and Adelaide Bank .
Our proprietary tech that powers our application process, is so efficient at assessing customers for a home loan, that it means we can offer customers bank-grade products but with low rates and no hidden fees.

Bendigo and Adelaide Bank has been our partner since our early days and continue to be an important shareholder and invested in our future.

Why does Tiimely Home need a bank partner?

Partnering with a bank enables us to:

  • reduce our overhead costs and offer lower interest rates
  • focus on tech innovation for the home loans industry
  • combine the best features of a bank (like offering an offset facility) with the best features of a Fintech (100% online application).

Found in:

Found in:

Legal information 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.

Other legal information
At Tiimely Home we are not financial advisers and recommend seeking independent financial and legal advice to check how the information we provide aligns with your individual circumstances.