Finance – Tiny Blox

FINANCE YOUR TINY BLOX

HOW TINY BLOX MAKES FINANCIAL SENSE

Turn your home into an income-generating asset with a Tiny Blox
Increase your property value and selling appeal
Earn as much as 17%+ gross rental yield from a Tiny Blox*
Diversify rental vacancy risk
Increase your annual depreciation deductions*
Increase your deductible bank interest*
Access new tenant markets
Get into the Air BNB game

BUILD NOW,
PAY LATER

HUMM 24 MONTHS INTEREST FREE

Tiny Blox has partnered with Humm Interest Free, a division of Flexigroup, to provide our customers with interest-free finance for up to 24 months.

Tiny Blox customers can apply for up to $25,000 and have up to 24 months to repay the money with absolutely NO INTEREST payable.

This can be a great way to ‘top up’ a savings shortfall you might have or leave more money in your pocket to spend on furniture and fitout.

A couple of things to note:

You must be over 18 and an Australian citizen
You must be working full time
Credit defaults/judgements will render you ineligible for approval
Humm will approve you for a credit limit up to $25,000 that they deem is manageable based on your application information
The credit limit is only available to use with Tiny Blox
You will have a minimum monthly repayment of 3% of the outstanding balance but can make extra payments on top of this with no penalty
There is a $99/year card fee, but this is the only cost to you
Applications are facilitated by Tiny Blox, but are made directly with Humm – Tiny Blox has no say in whether you are approved or not

EQUITY LOAN

Do you own an existing property, either house and land or vacant land? Owner occupied or investment?

If you answered YES, you might have available equity in your property which you could apply to extract via a top up or equity loan. This extra equity can usually be spent on whatever you like. You will probably need to tell the bank what you are using it for, but generally speaking, home improvements and renovations is an acceptable purpose.

Tiny Blox has a relationship with a highly qualified mortgage and finance broker, Dennis Brewster of DMB Finance. Click the button below if you would like to arrange a no-cost, no-obligation appointment with Dennis to discuss your finance options in more detail.

CONSTRUCTION LOAN

If you are using one of Tiny Blox’s licensed builder partners, you may be eligible to apply for a traditional construction loan from a bank, which is usually limited to traditional house and land contracts.

A construction loan with a bank is a single loan amount that is able to be ‘progressively drawdown’ in stages as per the builder’s contract (EG: Slab, Frame, Lockup, etc)

Tiny Blox has created a way that our tiny home kit can be used in conjunction with our licensed builder partners, and fit the banks criteria for a construction loan.