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

Required Documents Checklist

Personal identification

  • You’ll need to gather 100 points of ID.
  • A current passport or birth certificate is worth 70 points.
  • A driver’s license equals 40 points. (If your documents are in your maiden name, include your marriage certificate.)
  • To reach 100 points, consider other documents such as a Medicare card, credit card, ATM/debit card, council rates notice, pensioner concession card, health care card, or tertiary student ID card.

Income details

  • Provide your two most recent payslips from your current employer. These should ideally display the company name, payslip number, and year-to-date income.
  • Include the latest Group Certificate from your employer.

If you’re self-employed

  • Include the last two years’ personal and business tax returns along with ATO assessments.
  • Add any other income details.

You may also need

  • Rental income statements or bank records showing rental income for investment properties.
  • Proof of share dividends or earned interest.
  • A Centrelink letter confirming family tax benefits.
  • A Centrelink letter confirming a permanent government pension.
  • A private pension group certificate or statement.
  • Proof of any other regular, ongoing income.

 

Additional documents for mortgage refinancing

Documentation for Existing Home Loan

  • Include details of your existing home loan: the loan commencement date, loan period, and any early exit financial penalties.
  • Provide statements covering the last six months for all existing home loans and personal loans.

For properties offered as security

  • Include the most recent council rates notice and building insurance policy for the property or properties being used as security.

Credit card information

  • If you have credit card debt, include statements from the past six months.
  • If your credit card balance is zero, include the most recent statement.

 

Additional documents if you already own a home

  • Provide statements for the last six months showcasing your existing home loans or personal loans.
  • Include your most recent credit card statement.
  • Attach a copy of the contract of sale for the property you are purchasing.
  • Showcase your savings and investment history with statements covering the last six months. This can encompass share certificates, savings account statements, term deposit statements, and more.
  • If external funds are involved in the purchase, provide evidence confirming the location of these funds.
  • In the case of funds being gifted to you from an external source, not yet deposited in your bank account, a Statutory Declaration from the giver is necessary.

 

Additional documents for first home buyers

  • If you possess a First Home Saver Account, provide its statement.
  • Provide statements for the past six months to demonstrate your savings and investment history, which may include share certificates, term deposit statements, and more.
  • If external funds are contributing to the purchase, provide evidence detailing the location of these funds.
  • In the case of funds being gifted to you from an external source not yet reflected in your bank account, a Statutory Declaration from the donor is required.
  • Include your most recent credit card statement.
  • Attach a copy of the contract of sale for the property in question.

 

Additional documents for investors

If you have an existing investment property(ies), ensure you provide these essential documents:

  • Evidence of income, including rental statements.
  • Include a copy of the tenancy lease for each property.
  • Provide a council rates’ notice for each property.
  • Copy of the contract of sale for the property you are purchasing.
  • Provide a letter from a property manager estimating the potential rent for the new property.
  • Copy of the contract of sale for the property being purchased.

Additional documents for borrowers seeking a construction loan

  • A copy of a valid builder’s fixed price tender, including all specifications.
  • A copy of council approved plans.
  • 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.

Absolutely. If you possess the necessary funds and wish to pay off the loan ahead of schedule, an early loan repayment is possible, however it is always advisable to check the terms and conditions of your loan to understand if there are penalty fees.

Certainly. The option for refinancing is available if you intend to replace your existing loan with another, aiming for a more favourable interest rate or utilising the equity in your current property for a specific financial need. There are many benefits including paying less interest over the life of the loan and reducing your loan term.  There may be added benefits of accessing new features such as an offset account.

Whenever you require financial support, feel free to get in touch with 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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