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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.

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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.

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.

Tiimely FAQs and Guides
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.