We're here to help

No, we’re not a bank.
Tiimely is a platform technology company with an Australian Credit Licence (ACL) and Tiimely Home is our retail business.
We have our own no-frills home loan product, Tiimely Own, that we offer direct to customers. It benefits from our proprietary technology that creates efficiencies in the lending process, which means we can keep our costs low and pass these savings onto customers.

Tiimely Own home loans are funded by Bendigo and Adelaide Bank plus we also have a team of expert in-house brokers who can help you find a loan with one of our partner lenders if our Tiimely Own home loan isn’t right for you.

You can easily find out by checking against our eligibility criteria. These consider a range of factors including:

• Property: value, location, and type
• Your contributions (deposit or equity amount)
• Employment: current and previous history, and type
• Identity: forms of government ID, and citizenship

For Tiimely Own home loans:

Your loan provider is Tiimely Home, which makes you a Tiimely Home customer and Bendigo and Adelaide bank funds your loan.

What the bank does:

In addition to the funding, Bendigo and Adelaide bank provides an online portal for making your loan repayments and accessing your offset account. They also process any changes you might want to make to your loan.

We partnered with Bendigo and Adelaide Bank because they’re a trusted bank, giving our customers the protections a bank has in the unlikely event of a finance crisis. Read our guide on the Financial Claims Scheme and why it’s important that our offsets are covered under the Financial Claims Scheme (FCS) for up to $250,000.

For home loans via our in-house broker service:

Tiimely Home will be your loan facilitator, and we’ll find you a loan through our trusted panel of lenders. Your loan will be funded by the lender who offer the home loan that you choose. Read more in our credit guide.

What Tiimely Home provides across both

Tiimely Home’s lightning fast assessment process is the same whether you have a Tiimely Own home loan or use our broker service. And as you apply, we initiate the a credit check from a credit reporting agency and assess your eligibility for a home loan.

You’ll also be supported throughout your home loan journey from the same customer service team, Home Loan Experts and our in-house broker team, all of whom are based in our Adelaide HQ.

There are typically costs associated with a home loan. These can include application fees, valuation fee and establishment fees when applying and discharge fees when you exit.

Our fees are simple and we’re transparent with how they relate to your home loan, so you'll always know what to expect.

An offset account is like a savings account that’s linked to your home loan which offsets the balance of your home loan. It offsets the balance of your home loan so you only pay interest on the balance minus the amount in your offset. The larger the balance in your offset account, the less interest you pay on your home loan. This could potentially save you thousands in interest over the life of your loan. We offer 100% offset accounts with all our Tiimely Own home loans, including our fixed rate loans. You can find more information on our offset account here.

Can you withdraw money from an offset account?

An offset account has most of the features of a normal transactional savings account. You can deposit money and withdraw from it any time to pay bills or for day-to-day expenses. However the more you have in your offset, the less interest you’ll pay.

Your money is protected

Your offset account is managed by our funder, Bendigo and Adelaide Bank, an Authorised Deposit-Taking Institution (ADI). This means your offset account is guaranteed under the Australian Government's Financial Claims Scheme (FCS) for up to $250,000.

Tiimely Own offset accounts

Unlike some other lenders, at Tiimely Own we don't build the cost of the offset account into our interest rate. You simply pay $10 per month for the feature.

Our offset accounts include;

• A Tiimely Own VISA Debit card which you can use like any other VISA Debit or EFTPOS card. Any Suncorp or Bendigo ATM usage is free of charge
• A BPAY facility for bill payments and a swipe option for retail transactions
• Deposit and debit features like any standard bank account

Adding or removing offset account

If you change your mind, after you get your home loan, you’ll need to pay a fee of $150. And if you're on a fixed interest rate, an additional break cost will also apply.

To add or remove an offset account, give us a call on 08 7109 9010 or email myloan@tiimelyhome.com.au and we’ll make the change for you.

Learn more about offset accounts, and how they differ from redraw facilities.

In the personal details section of your application you’ll be asked to review and consent to our privacy collection statement. This contains information about the types of personal and credit-related information we collect and use. Once you agree, a credit check will be triggered from the two main credit reporting bodies in Australia: Equifax and Illion.

How does a lender use my credit score?

Credit scores generally range from 0 to 1200, with higher scores suggesting lower risk to the lender. They are calculated by the credit reporting bodies using information in your credit report, including your repayment history; length of credit history, how much debt you have and the types of credit you've applied for.

Higher credit scores are an indicator that you’ve demonstrated responsible credit behaviour, making lenders more likely to lend to you, while lower scores may make it harder for you to qualify for a loan or access a lower interest rate.

You can improve your credit score by making your repayments on time, paying off your debts quickly, keeping your credit card balance well below the limit and only applying for credit when you're committed to buy.

Credit reporting bodies supply us with your credit history report (and your credit score) so we can responsibly assess you for your home loan on behalf of our funder. Our enquiry remains on your file, and a simple line that reads "Applied for a Tiimely Own home loan". This is a standard check that all lenders do for both pre-approval and full approval.

Do multiple loan applications affect my credit rating?

Having multiple credit enquiries on your file can impact your score negatively, particularly when these occur within a short period of time. This is because it may look like you're shopping around for lots of different loans. Lenders may ask you to explain recent enquiries on your credit report if they’re not able to reconcile them to your existing credit commitments.

If I have a good credit score, will I automatically get approved?

A good credit score isn't the only thing lenders use when assessing your application. There are many other factors that lenders need to consider, and each lender has their own requirements.

If you're interested in learning more about how credit reporting works or to check your credit score, you can visit:

• Equifax Australia www.mycreditfile.com.au
• Illion Australia www.checkyourcredit.com.au

Once you complete the online application, our real-time home loan approval process starts, checking your credit history and assessing your eligibility for a loan. We’ll let you know where you stand by giving you an answer on the spot: it’s either a “yes”, a “we need more information” or a “no”.

If it’s a “yes” for a Tiimely Own home loan.

Once we fully approve your application, you will need to sign the documents and then settlement — after that, the house is 100% yours.

Steps for buyers

If you’re approved to buy, you’ll typically have the green light to buy the named property up to a certain amount (just send us a copy of the contract when you sign it).

You'll get an email from us with next steps, along with your home loan contract (sign it and our digital conveyancer, MSA, will take it from here).

We’ll also send you a Settlement Pack which among other things, will ask you to get your identification verified (all the details will be in the email we send you).

Your conveyancer will then organise settlement directly with us on the appointed day and we’ll provide the funds to purchase the property.

Once you’ve transferred your deposit, the seller will receive payment (from us) and you’ll get the keys.

Your new Tiimely Own home loan will begin.

You’ll then throw a big party and celebrate becoming a home owner.

Steps for refinancing your home

Once your loan is approved, the steps for refinancing are similar to those for home buyers – the biggest difference is we pay off your existing loan with your old provider and your new Tiimely Own home loan will then be in place.

You can celebrate paying off your loan faster with lower repayments, thanks to our competitive rates.

If you want to find out more about the settlement process, you’ll find a step-by-step guide in our settlement FAQ.

If it’s a “we need more information”.

If we need a little more information, we’ll refer your application to one of our Credit Assessors. This is where a member of our team will jump in to help bring your application up to scratch and over the line. Our Credit Assessors can usually move fast, and your application can sometimes be completed quite quickly, especially if you’re proactive in responding to their requests for more information.

Sometimes they’ll only need one or two things — some updated payslips or a bank account statement. Everyone’s unique, so if your specific situation is more complex than most, they might ask you to provide more detail. If you’ve chosen to validate your financials manually, they’ll typically need to request more information from you and it will take longer to assess your application. When you choose digital validation, they receive the exact same information, just much faster.

If it’s a “no”

Please don’t be offended if we decline your application for a Tiimely Own home loan. There are many reasons we might have to do this. We wish we could tell you specifically why sometimes, but we're not allowed to disclose the exact reason for declining an application.

If we find a red flag as you’re filling out the application, we’ll halt it and let you know straight away so you don’t waste any more of life’s most precious commodity — time. We check for things like address eligibility, your credit history, your status as a citizen or permanent resident, and of course your financials.

We know that not everyone will be suitable for a Tiimely Own home loan. However, we’ll let you know if there’s a better fit with one of our partner lenders. If you don’t meet our eligibility criteria for a Tiimely Own home loan, we’ll match your application (with your permission, of course) against our panel of 30+ lenders and 1000s of home loan options without you having to reapply. Learn more about our in-house broker service.

After full approval, here is generally how it works:

If you’re buying a property for yourself, we pay the seller the agreed price and your home loan begins.

If you’re refinancing, we pay out your existing lender and your new loan begins.

Then you’ll sign the contract for your new home, pay your deposit to the agent and confirm your final settlement date, which is usually 30 – 60 days.

Other things you’ll need to take care of include building insurance for your new property, organising for the utilities to be switched over on settlement day and having your mail redirected.

Then the only thing left is to wait for the phone call, grab your new keys and celebrate!

If you’ve already registered, you can access your online banking here.

Setting up online banking

1. If you haven’t registered, call 08 7109 9010 and we’ll help you set it up.
   Note: Make sure you have your Customer Number and account details ready.
   You’ll find these on an email from Tiimley Own and in your settlement pack.
2. Log in using the link above, enter your Customer Number and the temporary password we issued you.
3. Follow the prompts to change your password.

If you’ve forgotten your password or Customer Number, contact us on 08 7109 9010.