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SMSF loans

iCare Super offers SMSF loan products from nearly 15 banks, financial institutions and lenders. Equipped with helpful tools, including a comprehensive SMSF loan calculator, we specialize in both residential and commercial investment property loans.

Why Use Our SMSF Mortgage Services?

There are significant variations in lending policies, interest rates, and fees (application fees, etc.) for SMSF loans between different lenders. Some lenders have stringent lending policies for SMSF loans; for example, they may require an SMSF to have at least $200,000 in liquidable assets before applying and a 10% cash balance after the property settlement.

Without a detailed understanding of lenders’ policies or awareness of all available loan products, you may end up paying excessive interest or fees, and your application might be declined, impacting your personal credit record. At iCare Super, we leverage a comprehensive SMSF loan calculator to determine the most suitable loan for you.

Conditions You Need to Meet before Applying for a SMSF Loan with iCare Super

  1. The net assets of your SMSF must exceed $75,000.
  2. You intend to borrow more than $150,000
  3. At least one member is self employed or receiving salary income
  4. No member is in the pension phase.
  5. It is preferable that the trustee of your SMSF is a company.
  6. The status of your SMSF on the superfund lookup is complying.

What is the Loan to Value Ratio (LVR) for an SMSF Loan?

You can borrow up to 80% for both residential and commercial properties.

What is the Loan Term?

The loan term is up to 30 years for both residential and commercial properties.

What is the Interest Rate for a SMSF Loan?

We can assess and compare various SMSF loan products to identify the most suitable option for you. The interest rate may vary based on factors such as property type (residential or commercial), the presence of offset facilities, and the choice between interest-only or principal repayment.

Can iCare Super offer offset facilities and interest only payment option for a SMSF Loan?

Yes, we can arrange that for your SMSF.

How Long Does it Take for a SMSF Loan to be Approved?

Unlike a normal loan application, an SMSF loan takes much longer to gain full approval. We recommend that trustees ensure a settlement period of at least 3 months from the purchase contract signing date.

Note: Mortgage services are provided by Gavin Ma, director of iCare Super, CRN: 475893.


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