Will I always get your published interest rate?

Unfortunately, interest rates don’t work that way. But when you get a Tiimely Own home loan, you will always have a highly competitive rate. That’s because we’ve locked in a ‘price’ with our funder (Bendigo and Adelaide Bank) for that loan, reflected in your interest rate.

When we have a new variable rate for new customers, we’ve been able to lock in a lower price with our funder, however it doesn’t change the price we secured for your loan.
Having a lower rate for new customers doesn’t mean our loyal customers are paying for the discount, it means that our funder has been able to give us a better price at that specific time. We’re constantly working with our funder to secure the best price, and that won’t change.

At some point, our funder may actually increase the price they’ve agreed with us, increasing rates for new customers which means some existing customers will actually be better off.
New rate offers work differently to changes in the cash rate. If the RBA cut the cash rate and our funder’s costs ease, they may be able to pass on the cut which means all our customers will receive the same discount off their rate – both new and existing.

All of our rates are highly competitive because our tech-driven assessment process creates efficiencies that we pass on to our customers. And even if your rates are higher than the new headline rate, you’ll still be saving thousands, compared to the average home loan.