About Self-Managed Super Fund Loan (SMSF Loan)

A property loan for Australians who wish to invest in residential properties through their Self Managed Super Fund.

The Self Managed Super Fund (SMSF) Loan is tailored to provide loans to trustees of authorised regulated Australian Self Managed Super Funds (SMSFs) to borrow for the purpose of purchasing a property. Self managed super finds are a way of saving for your retirement.

Members if SMSF are usually trustees and they run their SMSF for their benefit and are also responsible for complying with the super and tax laws.

As borrowing in your SMSF is a complex process, we will require you to seek independent legal and financial advice before applying for a loan.

Apply for self-managed super fund loan

 

Frequently Asked Questions

Personal identification

  • 100 points of ID are required. A current passport or birth certificate = 70 points. Driver licence = 40 points. (Please note if these documents are in your maiden name, you will also need to provide a copy of your marriage certificate.)
  • Other documents that help build up 100 points include: a Medicare card, credit card, ATM/debit card, council rates notice, pensioner concession card, health care card, tertiary student ID card.

Income details

  • The two most recent payslips from your current employer. (Ideally these will show the company name, number of payslip and year-to-date income figure.)
  • The most recent Group Certificate from your employer.

If self-employed

  • The last two years’ personal and business tax returns and ATO assessments.
  • Other income details.

You may also need

  • Rental income statements or bank accounts showing rental income for any investment properties.
  • Proof of share dividends or interest earned.
  • Centrelink letter confirming family tax benefits.
  • Centrelink letter confirming permanent government pension.
  • Private pension group certificate or statement.
  • Proof of any other regular, ongoing income.
  • Documentation on your existing home loan including the date the loan commenced, loan period and any financial penalty payable if you exit the loan early.
  • Statements for the last six months for any existing home loans and personal loans.
  • The most recent council rates notice and building insurance policy on the property or properties being offered as security.
  • Credit cards:
    • If you have credit card debt, statements for the last six months; or
    • If you don’t owe anything on your credit card, the most recent statement.
  • Statements for the last six months for any existing home loans or personal loans.
  • Your most recent credit card statement.
  • Copy of the contract of sale for the property you’re buying.
  • Statements for the last six months to show your savings and investment history. (This could include share certificates, savings account statements, term deposit statements, etc.)
  • If other funds are being used for the purchase, evidence showing where the funds are held.
  • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.
  • Statement for your First Home Saver Account, if you have one.
  • Statements for the last six months to show your savings and investment history. This could include share certificates, term deposit statements, etc.
  • If other funds are being used for the purchase, evidence showing where the funds are held.
  • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.
  • Your most recent credit card statement.
  • Copy of the contract of sale for the property being purchased.

If you already have investment property(ies):

  • Evidence of income such as rental statements.
  • A copy of the tenancy lease.
  • A council rates notice.
  • Copy of the contract of sale for the property being purchased.
  • A letter from a property manager indicating likely rent for the new property.
  • Copy of the contract of sale for the property being purchased.
  • A copy of a valid builder’s fixed price tender, including all specifications.
  • A copy of council approved plans.

Yes. If you want to pay off the loan early and you have the sufficient fund available with you, loan can be paid off early.

Yes. Refinancing option is available if you want to replace existing loan with other Loan to get the better interest rate or to cash out for a required purpose by using equity on the existing property.

Whenever you are in need of financial support, you can contact your mortgage broker to discuss the available options.

We have our head office located in Edmonson Park in Sydney. However, we help clients who need financial assistance anywhere in Australia.

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