- THERE’S a new and much faster way to get a mortgage, but opinions are divided over whether it’s a brilliant time saver or a dangerous gimmick.
Tic: Toc is a fintech that claims to offer “the world’s first instant home loan” to a select group of Australians: those living in capital cities who have at least 20 per cent in equity or a deposit.
After three years in development and $9 million invested in its algorithms, the online start-up promises a full home loan approval in as little as 22 minutes.
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