Tiimely Home, formerly Tic:Toc, launched the new deal in the wake of Tuesday's Reserve Bank of Australia decision to hold the cash rate at 4.10% at its April meeting.

The cashback deal is available to borrowers taking up a two-year fixed rate home loan of 5.74% p.a. (5.79% p.a. comparison rate*) for owner occupiers and 5.94% p.a. (6.03% p.a. comparison rate*) for investors.

It applies to loans of $500,000 or more with loan-to-value ratios (LVRs) up to 90%.

Tiimely, backed by Bendigo and Adelaide Bank, joins around a dozen or so lenders currently offering cashback and other special offer deals.

How does Tiimely's cashback deal stack up?

Tiimely's cashback offer is the only one on the market that specifically applies to borrowers taking up a fixed rate home loan.

It is also the only one that applies to borrowers with an LVR over 80%.

Other cashback amounts on the market range from $2,000 to $4,000 depending on various factors including whether an applicant is refinancing an existing loan, the loan size, and loan type.

Bank of Victoria varies its cashback offer according to occupation - $3,000 for police and emergency service officers and $2,000 for health workers.

The highest cashback amount currently available is $4,000 from Regional Australia Bank for eligible borrowers refinancing owner occupier and investor home loans over $750,000.

IMB Bank also offers $4,000 for loan amounts over $1 million.

Why take up a fixed rate home loan when rates are expected to fall?

Despite the cashback, Tiimely may find it hard to sell its offer at a time when interest rates are widely expected to fall.

The 5.74% p.a. fixed rate offer is the same as Tiimely's lowest variable rate for owner occupiers. 

But Tiimely's head of retail Belinda Jackson says the offer is responding to growing borrower fatigue over economic uncertainty and mixed signals around the pace and depth of future RBA rate cuts.

"People are tired of waiting and wondering," she said. "This offer delivers clarity, stability and cash in your pocket - right now."

While RBA governor Michele Bullock attempted to hose down expectations of further cuts after the cash rate fell in February, markets have gained confidence there will be another two to three cuts in 2025.

After Tuesday's cash rate decision, Ms Bullock also signalled the board would cut the cash rate if US President Donald Trump's trade tariffs were to spark a global economic slowdown.

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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsRow TagsFeaturesLinkComparePromoted ProductDisclosure
5.79% p.a.
5.83% p.a.
$2,931
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.74% p.a.
5.65% p.a.
$2,915
Principal & Interest
Variable
$0
$0
80%
  • 100% owned by Commbank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.84% p.a.
6.08% p.a.
$2,947
Principal & Interest
Variable
$250
$250
60%
  • 100% offset
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Offset
  • Redraw
  • More details
  • Easy application. Fast approval. 100% offset.
  • Unlimited additional repayments free of charge.
  • Redraw available - Access additional payments.
 Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Image by Tom Swinnen via Pexels



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