Learn more about SMSF borrowing
How to use our SMSF Borrowing Power calculator
To estimate how much you can borrow to invest in property using your super, you will need four key details:
- The interest rate for the loan you plan to use.
- The expected annual rental income from the property which helps determine your ability to make repayments.
- Your annual salary.
- Your total salary sacrifice, which is the portion of your wages you choose to exchange for another benefit of similar value.
Once you have these details, enter them into our calculator and it will display your estimated maximum borrowing capacity.
FAQs
SMSF loans generally allow up to 80% LVR and 30-year loan terms, with up to five years of interest only repayments. At loans.com.au, you can borrow a minimum loan amount of $50,000 and up to a maximum loan amount of $2,000,000, subject to approval of the property and the borrowing capacity of the fund.
A Self-Managed Super Fund is a private superannuation fund that allows you to manage your own superannuation investments for your retirement. Not everyone can set up their own super, so understanding the basics is crucial before getting started. We always suggest you speak to your accountant or financial advisor for any questions on setting up your SMSF.
At loans.com.au, the only fee you’ll pay to refinance is a one-off security assessment fee, which for a standard property in a metropolitan area in a major city starts at $230 for properties valued up to $1 million. If you are making a purchase, there will also be a $490 legal fee applicable.
Many other lenders may charge an application fee, exit fees, annual fees, and discharge fees, so it’s important to do your research before making your decision.
What sort of property will be acceptable?
We accept both residential and commercial investment properties.
You’ll have a phone appointment with one of our lending specialists to organise pre-approval of your loan. Check the onTrack app to receive your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack, which authorises us to deal directly with your existing lender. From this point, you no longer need to pay your previous lender. We pay the loan out by estimating payout costs based on current balance, rate and repayments. Your loan will settle and you'll enjoy new low rates!
There are some restrictions when it comes to any property bought with a SMSF loan, namely that you can't construct a new home, nor can you live in the home at any stage until you reach retirement. We recommend for any questions on this you speak to your accountant or financial advisor.
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Kathryn
Lending Specialist
Real people, based in Brisbane, Australia
Our experienced home lending specialists are here to help. Let's chat about your home loan options today.