SMSF Commercial Loan – Prime

General Lending Rates

Product Variations

Product Features

• Other Additional Information: Designed for Self Managed Superannuation Funds using a bare trust (Property Trust) structure. Corporate or individual SMSF trustees accepted. No liquidity or net asset testing required.

• Other Additional Information: Interest Only available up to 5 years. No IO loading applies.

• Other Additional Information: Offset accounts and redraw facilities are not available for SMSF loans under LRBA requirements.

• Other Additional Information: No annual review or revaluations required.

• Other Additional Information: No clawbacks on SMSF Commercial Loans.

Product Eligibility

• Other Additional Information: SMSF Trustee (corporate or individual) required. Property held on Property Trust by a Property Trustee. Security trustee must provide guarantee limited to security property. Maximum 6 SMSF members. Personal guarantee from all members limited to loan amount.

• Other Additional Information: Independent legal advice mandatory for all SMSF Trustee borrowers and guarantors. Prior legal advice accepted for refinances.

• Other Additional Information: Available for purchase of investment or owner-occupied commercial property, or refinance of an existing SMSF commercial loan. Equity release and cash out are not available.

• Other Additional Information: Prime credit quality required for all SMSF members. See MA Money's SMSF Rate and Product Guide at mamoney.com.au for full criteria.

• Other Additional Information: Serviceability assessed entirely within the SMSF. DSCR > 1.0x. No ICR requirement for SMSF Commercial. No liquidity or net asset testing. 90% rental income assessed. See MA Money's SMSF Rate and Product Guide for details.

• Other Additional Information: Commercial property zoned commercial or similar, situated in Australia, secured by a first registered mortgage. Category 1, 2 and 3 locations accepted where commercial property is the highest and best use and a commercial valuation is held. The security must meet the definition of a single acquirable asset under the Superannuation Industry (Supervision) Act 1993.

• Other Additional Information: Loan term 5 to 30 years. Maximum Interest Only term 5 years. No IO loading.

• Other Additional Information: Product maximum is $2m. Category 1 Metro/Non-Metro: maximum loan $2m; maximum LVR 80%. Category 2: maximum loan $1.5m; maximum LVR 70%. Category 3: maximum loan $500k; maximum LVR 65%.

• Other Additional Information: PAYG members: two most recent payslips (dated within 45 days). Self-Employed: 1 year personal (and if applicable company/trust) tax return, no older than 21 months. Executed SMSF Trust Deed and Security Trust Deed required. See MA Money's SMSF Rate and Product Guide for full documentation requirements.

Bank Fees and Charges

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: No application fee. Excludes GST.

• Monthly Fee (Periodic), Amount: Not Listed.. Additional Information: Monthly fee of $25. Charged monthly on the loan anniversary date. Excludes GST.

• Valuation Fee (Event), Amount: Not Listed.. Additional Information: Valuation fees at cost, paid prior to ordering via Property Hub. Full valuations only for SMSF Commercial. Excludes GST.

• Legal Fee (Event), Amount: Not Listed.. Additional Information: Legal fee from $750. Excludes GST.

• Discharge Fee (Exit), Amount: Not Listed.. Additional Information: Discharge fee from $550. Excludes GST.

• Risk Fee (Upfront), Amount: Not Listed.. Additional Information: Risk fee 1.00% of loan amount at all LVRs up to 80% for SMSF Commercial loans. Excludes GST.

 Limitations & Restrictions (Constraints)

• Min Limit of 100000.00 Additional Information: Minimum loan $100,000.

• Max Limit of 2000000.00 Additional Information: Maximum loan $2m at all LVRs up to 80%. Category 2: maximum loan $1.5m at 70% LVR. Category 3: maximum loan $500k at 65% LVR.

• Max Lvr of 0.8000 Additional Information: Maximum LVR 80%, subject to loan amount, documentation type, postcode category, security type and credit assessment criteria.