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Compare SMSF Loans Newcastle

Craig Costello

SMSF Loans

SMSF Loans

LOANS MADE EASY

1300 829 666

Our Best SMSF Loan Rate

4.99%*

INTEREST RATE

6.00%*

Comparison RATE

AVAILABLE FOR VERY LIMITED TIME

*The comparison rate is based on a loan of $150,000 for a term of 30 years. WARNING. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates last updated March 24th, 2016.

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SMSF Loans Compare - Finance Monster

Looking to Set Up a Self Managed Super Fund?

Yes! You can Buy Property in your SMSF!

Recent changes to superannuation legislation now allow an SMSF to borrow funds for property investment. If you have an existing SMSF, you may now be able to borrow money to buy a commercial or residential property through your SMSF.


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- Do you need SMSF Mortgage Broker to help you get a SMSF Loan?
- We can do that!


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- Do you need to set up a SMSF?
- Or do you already have one?


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- Borrow up to 70% of the value of a property.
- Don’t get ripped off by the banks!
- Cheap SMSF Interest Rates Available!


Banks prefer standard Residential & Commercial Properties for self-managed superannuation funds. Below is a list of properties that Banks like for SMSF property loans.


Easier SMSF Loans to Finance

- Residential Properties
- Offices
- Factories
- Warehouses
- Retail shops
- Restaurants
- Rural properties
- Farms (conditions apply)


Harder SMSF Property Loans to Finance

- Development sites
- Vacant land (in some cases)
- Properties in a poor condition
- Single use securities such as pubs, petrol stations and day care centres.
- Don’t worry! We still may be able to help you!

  • ENQUIRE
    SMSF LOANS
  • COMPARE
    SMSF LOANS

Simply enter your details below
and we'll be in touch.

smsf-loans

Our Best SMSF Loan Rate

4.99%*

INTEREST RATE

6.00%*

Comparison RATE

AVAILABLE FOR VERY LIMITED TIME

*The comparison rate is based on a loan of $150,000 for a term of 30 years. WARNING. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


Lender Requirements Needed
- Most of our lenders will require

- SMSF trust deed.
- Custodian trust deed.
- Tax returns for the SMSF (there are some exceptions).
- Evidence of the rental income.
- A full copy of the contract of sale.


Want to buy your Business Premises?

If you’re a business owner and you have an SMSF then there may be a tax, capital or investment benefit for you to sell your commercial premises to your SMSF. If you don’t own your business building yet, it may make sense to buy via your SMSF. It’s against the law to sell a residential property that you live in to your own SMSF, however, there are no such restrictions with commercial properties. You should seek financial advice from your accountant before you decide to sell your business premises to your SMSF as there are complex Capital Gains Tax (CGT) and SMSF legislation that needs to be considered as well as your own personal financial circumstances.

SMSF TOTAL SOLUTION

SMSF SET UP

+

SMSF
SET UP

SET UP $399.95*

SMSF RETURN

SMSF
TAX RETURN

TAX RETURN $749.95*

SMSF LOANS

FREE*

SET UP           $399.95*
TAX RETURN  $749.95*

When you get an SMSF Loan!

Tax Monster – Are SMSF Specialists Accountants & they can help you do this Finance Monster - can help you to apply for the below SMSF Property Loans.

Standard SMSF Investment Loans

- Up to 80% of the property value. However, please note that most lenders will restrict your loan up to 75% of the property value.


Commercial Property

- Up to 70% of the property value for non-specialised securities.
- Discounts: Most lenders add a margin to their normal residential loan rates for SMSFs, however these margins vary significantly


Low doc (no income evidence)

- Low doc loans are not available for SMSFs. SMSF lending policies for SMSFs vary between lenders, particularly in the way they assess your ability to repay the loan.

Speak To One Of Our SMSF Mortgage Brokers
Please call us 1300 829 666

Limited Recourse SMSF loans borrowing arrangement

If the SMSF has sufficient funds to put down a deposit, the remainder of the purchase price can be borrowed. The SMSF can borrow either from a financial institution (a bank or a credit union for example), or from the Fund’s Members. Loans are set up with non-recourse borrowing arrangements. This means the lender has no right of recourse on any other assets in the SMSF. For this reason, the lender (the bank) will ask the Members for a guarantee. This arrangement is generally referred to as a limited recourse borrowing arrangement.

The SMSF provides the funds for a partial payment on the property and pays all the relevant fees. The SMSF will borrow to settle the balance. If the SMSF pays a larger deposit on the investment property, the bank may waive its requirement for security from the Trustees. The property will be the sole security for the loan under this limited recourse loan agreement. In the event of default, the lender only has the right of recourse on the property; there is no right of recourse on other assets held in the SMSF.

As a general rule-of-thumb, if the bank is SMSF lending 80% of a residential property’s value, it will ask the trustees for a guarantee. The bank will not normally ask for a guarantee when the loan-to-value rate is 60%. For commercial property, these percentages are 70% and 50% respectively. In assessing the need for a guarantee, the bank will take into account the condition of the property, the credit history of the borrower, and the expected income from rental.


Ownership

The investment property is owned by the bare trust with the SMSF having an entitlement to it as a beneficiary. The bare trust is merely the title holder until the loan is paid off. The SMSF will receive lease payments from the lessee and will expense the interest paid on the SMSF loan. After the loan is repaid, the SMSF has the right – but not the obligation – to acquire the legal ownership of the investment property.


Related Parties & SMSF Home Loans

When purchasing a residential property, the SMSF is forbidden from having any dealings with a related party. This means that members of the Fund cannot sell their own houses to the SMSF. The Fund is also forbidden from renting the property to a Trustee, a family member, or a parent-in-law. Trustees can, however, purchase the property from the SMSF when entering the pension phase.

Benefits of purchasing property in your SMSF

- Commercial property owned by you can be sold by the SMSF at market rates;
- assets in the SMSF are secure because the lender only has the right of recourse on the investment property, plus any additional security provided by the guarantor;
- the loan is repaid using super contributions and rental income;
- the SMSF is only taxed at the net income after loan interest and expenses have been deducted against the rental income; the SMSF is only taxed at a rate of 15% compared to marginal rates if the property was purchased in a personal capacity; and capital gains will only be taxed at a rate of between 0% – 15%.

Things you should consider when purchasing getting a SMSF Home Loan

- the SMSF must be set up before the bare trust and corporate trustee can be established;
- the bare trust and corporate trustee are mere title holders of the property and all - -transactions will occur within the SMSF;
- the trust deed provided by Superannuation Warehouse will allow for borrowing;
- the investment strategy of the SMSF should include provision for property investment;
- the SMSF will require sufficient cash flows to service the loan. This can come from rental incomes, investment earnings and members’ contributions;
- all transactions must be carried out at arm’s length and at market rates; and
- buying a holiday property in your SMSF and then using it for yourself is strictly forbidden.
- All investment purchases should pass the sole purpose test.


Bank Information & SMSF Home Loans

You are free to use any bank or lender when arranging finance for your SMSF property purchase. To get the best deal possible, you’d be well advised to use a mortgage broker. You can use a big bank or one of the niche players like Macquarie who, by the way, have a very informative free brochure with some great examples.

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