'Low rates' and 'cutting edge service' are the promises for loans.com.au's new loan for self-managed super funds (SMSF). 

The SMSF loan is available to borrowers with a loan-to-value ratio (LVR) up to 80% with a variable interest rate of 3.69% p.a. (3.70% p.a. comparison rate), with a maximum loan amount of $1 million. 

Managing Director of loans.com.au, Marie Mortimer, said the lender now offers one of the lowest SMSF rates in the market with a 'quick and simple' refinancing process. 

"By choosing to refinance your SMSF loan with loans.com.au, you'll be saving money on interest rates, and you can build your retirement wealth quicker," Ms Mortimer said. 

"For the last 10 years since we launched our business, we've been slowly developing our product base to suit the diverse range of customer needs.

"We know that not all customers are the same, so we have a variety of products, allowing our customers to personalise their loans based on their needs.

"Customers purchasing property via their self-managed super funds has become increasingly common in Australia, and it isn’t a very competitive space, so with loans.com.au entering this market, we want to make this space more competitive by offering first class service coupled with low interest rates, to allow those who are building their retirement wealth, to succeed sooner." 

The loan is only available for people looking to refinance, but Ms Mortimer said the lender would consider purchases in the future. 

There are very few lenders in the SMSF lending space as it's considered a slightly higher risk than regular mortgage lending.

Loans in the SMSF space are considered 'limited recourse', meaning in the event of borrower default, the lender can only seize the security the loan is tied to, rather than other assets in the fund such as cash and shares, which explains the slightly higher interest rates.

Related: How to buy property through an SMSF in Australia

Lender

VariableMore details
Includes NOV RBA Rate Increase
  • Refinance only offer. No application fee and no settlement fee
  • No monthly, annual or ongoing fees
  • Access your SMSF loan via our easy-to-use online app Smart Money
Includes NOV RBA Rate Increase

loans.com.au – SMSF 70

  • Refinance only offer. No application fee and no settlement fee
  • No monthly, annual or ongoing fees
  • Access your SMSF loan via our easy-to-use online app Smart Money
VariableMore details
  • Fully functioning offset.
  • Rapid Refinance available - receive approval in as little as 48hrs
  • 50m2 of beach & coastline cleaned with every loan settled.

WLTH – Ocean SMSF 60 P&I ($50k - $2m)

  • Fully functioning offset.
  • Rapid Refinance available - receive approval in as little as 48hrs
  • 50m2 of beach & coastline cleaned with every loan settled.
VariableMore details

Reduce Home Loans – Capitalizer SMSF 70 Metro

    VariableMore details

    La Trobe Financial – SMSF Residential

      VariableMore details

      Firstmac – SMSF 70 (Refinance Special)

        VariableMore details

        Liberty Financial – Liberty Residential SMSF (LVR < 80%)

          VariableMore details

          Yard – SMSF Loan (Principal and Interest) (LVR < 80%)

            VariableMore details
            • Fully functioning offset.
            • Rapid Refinance available - receive approval in as little as 48hrs
            • 50m2 of beach & coastline cleaned with every loan settled.

            WLTH – Ocean SMSF 80 P&I ($50k - $2m)

            • Fully functioning offset.
            • Rapid Refinance available - receive approval in as little as 48hrs
            • 50m2 of beach & coastline cleaned with every loan settled.
            VariableMore details
            • Fully functioning offset.
            • Rapid Refinance available - receive approval in as little as 48hrs
            • 50m2 of beach & coastline cleaned with every loan settled.

            WLTH – Ocean SMSF 90 P&I ($50k - $1.5m)

            • Fully functioning offset.
            • Rapid Refinance available - receive approval in as little as 48hrs
            • 50m2 of beach & coastline cleaned with every loan settled.
            VariableMore details
            Includes NOV RBA Rate Increase
            • Available for Purchase and Refinance
            • No application fee and no settlement fee
            • No monthly, annual or ongoing fees
            Includes NOV RBA Rate Increase

            loans.com.au – SMSF 80

            • Available for Purchase and Refinance
            • No application fee and no settlement fee
            • No monthly, annual or ongoing fees
            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 December 11, 2023. View disclaimer.

             

            Photo by Thulifigar Ali on Unsplash





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