SMSF Loan

- No Upfront Fee

- Easy Application Process

- 48hr Indicative Approval

Commitment

From 7.25%

Standard Variable

How it Works

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SMSF Loan

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SMSF Loan

Amendments to the Superannuation Industry Supervision Act (SIS Act) in 2010 allows
SMSFs to purchase and gear real estate.

Australian Financial's SMSF loan is designed to offer loans to authorised Australian
Self Managed Super Funds to gear residential property investment.

Our team of in-house credit specialists are able to guide you through the process so
you don’t get lost or overwhelmed during the steps and process involved in buying
through your already established SMSF.

Target Market

This product is only suitable for already established Self Managed Super Funds.

Key Benefits

	Low rate of 7.25% standard Variable or 7.15% with $399 Annual Fee;
	48 hour indicative approval commitment;
	No upfront fee;
	No age barriers;
	Simple application structure; and
	SMSF loan documentation similar* to our standard Right Home Loan Documentation. (guarantees, conditions and other documentation maybe* required).

Application Structure

1.	The Property Trustee will purchase the property and becomes the legal owner;
2.	The Self Managed Super Fund (SMSF) will obtain the beneficial interest in the property from the vendor;
3.	The Lenders lend to the SMSF; and
4.	The Lender takes a mortgage over the legal interest in the property from the Property Trustee and a charge over the beneficial interest in the property from the SMSF Trustee.

SMSF_Application_Structure

Security

	Acceptable		Unacceptable
	Residential dwellings (including: houses,		Second Mortgage
	flats, apartments, villas, duplexes, & townhouses)		Vacant land
	Off the plan		Construction loans
	Warehouse conversions		Rural residential acreage > 2 hectares
	Rural residential acreage <2 hectares

Repayments

	Standard Variable or 1-5yr Fixed Rate Loan;
	Maximum 5 years Interest Only; and
	All repayments due on the 1st of the month.

LVR

	70% of the lesser of purchase price or valuation; and
	REF or Lenders' mortgage insurance not applicable/allowed.

Loan Amount

	Minimum loan amount of $100,000; and
	Maximum loan amount of $2,500,000 however higher amounts considered on a case-by-case basis.

Legal Documents

	Australian Financial appointed solicitor to review:
	SMSF & Property Trust deeds;
	Trust & borrowing structures; and
	Loan contracts.
	All legal costs are at Borrower's expense.