This is general commentary, which does not take into account your specific circumstances and should not be taken as financial advice. All finance is subject to the terms and conditions of the lender.
- How do I apply for a Loan?
Please apply online at https://tinyhousefinance.com.au/apply-online/ or phone 0411648018 and speak with Don Watts .
- WHAT DO I NEED TO PROVIDE TO BE ABLE TO APPLY FOR A LOAN?
A signed privacy form and 2 of your most recent payslips faxed or scanned to Camper Trailer Finance.
- WHAT IF I HAVE A BAD CREDIT RATING CAN I STILL GET FINANCE?
Yes, it is possible, but it depends on the severity of your credit rating. It does limit the lenders we can put the application to. Also, camper trailers are considered by lenders to be a “want” not a need, and therefore can be a little harder to finance then a motor vehicle, for example.
- Do I need a deposit?
This depends on your credit rating. Many loans are no deposit, however the Tiny House manufacturer may require you to pay a deposit to start building your Tiny Houser (but tinyhousefinance.com.au can usually still finance the full amount if this is the case).
- Over what term can I take the loan?
Terms range from 1 year to 7 years
- How much can I borrow?
That is determined by the finance company, by taking into consideration your income and expenses. Finance companies have an obligation not to put you under financial pressure (it’s called responsible lending). Once you have provided the necessary information, we can usually give you some indication of what finance companies would be prepared to lend you.
- Will I need to have a current drivers licence?
Yes, at least one person on the contract will be required to have a current drivers licence.
- Can I get a pre-approval before I go shopping?
Yes you can, so you can go ahead and purchase with confidence.
- Will I need to comprehensively insure my Tiny House?
Maybe, the Tiny House may need to be comprehensively insured for the term of the loan with the finance company’s name noted on the policy as an interested party.
- Can I pay my loan out early?
Yes, but usually fees and charges will apply. The fees and charges will depend on the terms and conditions of the loan.