SMSF Loans

If you’re researching ways to purchase your property, you’ve probably heard of self-managed super fund loans or SMSF loans. These types of loans allow you to buy residential or commercial property using your super, which is the money you or your employer have set aside during your working years to support your financial needs once you’ve retired.

If this is what you’re looking for, then you’re in luck. At Funding, we offer fast and simple SMSF loans to individuals and businesses who need short-term financing secured against their property. We’re a trusted private lending solution for clients looking for SMSF loans, with the help of our industry experts, who aim to provide you with great deals. 

Through the use of the latest technology to stay ahead of the curve and bank-level encryption and security to protect your assets and information, there’s a reason why Funding is widely known as ​​the home of faster and simpler digital loans in Australia.

How much can I borrow in an SMSF loan?

The amount you can borrow in an SMSF loan depends on the loan provider you choose. At Funding, we offer loan amounts ranging from $20,000 to $10 million, with tenures of one to thirty-six months.

One of the main factors in the final loan principal you get approved for with us is your loan-to-value ratio (LVR), which is the maximum loan secured over the property. Our LVR is typically 65% to 70% of the property value, depending on the location and type of security property.

To apply for any type of loan with Funding – whether it’s a caveat loan, a commercial property loan, or a short-term business loan – you will only need to submit the following:

• Basic personal information (name, email, and phone number)
• Loan details (purpose of the loan, loan principal, and loan repayment terms)
• Property information

You’ll be asked to confirm whether you’re a broker at the last step of the application process. You’ll also be given the chance to upload documents you may feel are necessary for your application. 

We recommend that you go over your entire application once more after you’ve finished filling it out to make sure all the details are correct and you aren’t missing important information. 

Are SMSF loans more expensive than the average loan?

Rates for SMSF loans vary from lender to lender. Some may offer higher fees and interest rates than regular loans because regulators expect lenders to hold more capital on their balance sheets for SMSF loans. It is important to go with a lender that is transparent with their pricing and fair with their rates.

At Funding, your loan offer is affected by the following: interest rates, fees, the principal, and the loan tenure. The type, location, and value of your property will also be considered. If you’re confused about this, don’t worry; you can get a personalised and obligation-free Express Quote from us. 

After you’ve submitted your details, you’ll receive a same-day conditional approval outlining all the relevant loan details, including a personalised outline of rates and fees for your SMSF loans. If everything seems fair to you, you can wait for the formal approval, and you’ll have your settlement in your bank account in as little as a few days, not weeks.

Can I use SMSF loans to purchase property?

SMSF loans can be used to purchase residential or commercial property as long as you make sure to comply with government guidelines.

• The property must not be purchased from a related party of the fund members. 
• The property must only be used to provide retirement benefits to fund members.
• The property can’t be used by a fund member or related parties of the members.

At Funding, we take a common sense approach to lending and work towards assisting you when banks cannot by providing you with fast and simple financing. As mentioned, taking out a loan with us doesn’t require you to provide too much paperwork. 

As long as you meet all our eligibility criteria and have eligible property offers for us, you have the chance to take out an SMSF loan to purchase residential or commercial properties to aid in your retirement fund.

With Funding, you can get an SMSF loan quickly and easily.

Since 2015, our goal at Funding is to make obtaining short-term financing as easy as possible no matter where you are in Australia – whether it be in Melbourne, Sydney, or Tasmania. To make this possible, the entire application process, all the way up to the loan repayments, is done online. 

We offer loan products, such as bridging loans, home equity loans, and renovation loans, suited to your unique needs. We also have second mortgage loan options. Feel free to contact us through our website, email info@funding.com.au, or call us at 1300 44 33 19 for any concerns regarding our loan products or your loan application. 

Get an Express Quote with us today, and enjoy an SMSF loan to help make a worry-free retirement possible.