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loans.com.au SMSF Home Loan (Variable)

Advertiser disclosure
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Investor Principal & Interest < 70% $50,000 $2,000,000
Investor Principal & Interest < 80% $50,000 $1,500,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $50,000 $2,000,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $50,000 $1,500,000
Rate
6.99% p.a.
Comparison Rate
7.00% p.a.
Service fee
$0.00
Upfront fee
$720
Rate
7.49% p.a.
Comparison Rate
7.50% p.a.
Service fee
$0.00
Upfront fee
$720

Mozo editorial review loans.com.au SMSF Home Loan (Variable) - last updated: 15 March 2024

binocular icon
What's hot
  • 6.99% p.a. variable rate (7.00% p.a. comparison rate*) available with the SMSF 70 Loan
  • Free extra repayments
  • No ongoing fees
What's not
  • $230 valuation fee & $300 discharge fee
Mozo snapshot

If you're in the market to purchase an investment property to fund your retirement, or have an existing SMSF loan you're looking to refinance, loans.com.au's range of SMSF products could suit your needs. The SMSF 80 loan comes with a 7.49% p.a. variable rate (7.50% p.a. comparison rate*), available on loans between $50,000 and $1.5 million (with an LVR below 80%) for both refinance and purchase. What’s more, borrowers won’t have to worry about any ongoing fees, and additional repayments can be made without incurring any penalties.

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Key features

The SMSF 80 Loan comes with a variable interest rate of 7.49% p.a. (7.50% p.a. comparison rate*) on loans between $50,000 and $1.5 million (with an LVR below 80%) and very little in the way of fees. The loan is available to purchase and for refinancers, in which case you'd need to already have an SMSF loan through another lender first.

There are a few other options with this loan:

  • SMSF Loan 70: available for investors (purchase and refinance) with a maximum LVR of 70%. It comes with a variable interest rate of 6.99% p.a. (7.00% p.a. comparison).
  • SMSF Loan 80: available for investors (refinance only) with a maximum LVR of 80%. It comes with a variable interest rate of 7.49% p.a. (7.50% p.a. comparison rate*).
  • SMSF Loan 80 (Fixed 5 years)available for investors (purchase and refinance) with a maximum LVR of 80%. It comes with a fixed interest rate of 7.74% p.a. (7.58% p.a. comparison rate*). 

You’ll be able to apply online or by speaking to one of loans.com.au’s Australian-based lending specialists. Some of the documents you will need to have on hand include:

  • Your recent Super Fund Statement

  • Evidence of rental income

  • Previous independent legal advice

  • 6 months statement of the loan being refinanced

  • Certified copies of SMSF Trust Deed and Property Trust Deed

Depending on your application, you’ll be able to borrow between $50,000 and $2 million, with loan terms ranging up to 30 years. Repayments can be made weekly, fortnightly or monthly, and extra contributions are allowed, giving you the chance to pay down your loan ahead of schedule.

snapshot
Who is it good for

This offering from loans.com.au could suit those who are looking to purchase an investment property through their SMSF, or who feel they’re not getting the best value from their current SMSF loan and want to refinance to a more attractive option.

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Any catches

While there are no monthly, annual or ongoing fees, you will have to pay a valuation fee, which usually starts at $230 for a standard property in a metropolitan area in a major city. You will also have to be mindful of any exit or discharge fees charged by your previous lender. There is also a $300 discharge fee with the loan.

Details

Rates and fees information correct as at 18 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.99% p.a.

n/a

n/a

n/a

7.00% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$490.00

$230.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$2,000,000

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

no

none

no

no

$490 legal fee for purchase only. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Available for Self Managed Super Fund purposes only.

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 18 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

7.49% p.a.

n/a

n/a

n/a

7.50% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$490.00

$230.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$1,500,000

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

no

none

no

no

$490 legal fee for purchase only. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Available for Self Managed Super Fund purposes only.

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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Latest review of loans.com.au SMSF Home Loan (Variable)

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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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