Features of SMSF loans in AustraliaLoan terms up to 30 yearsMaximum loan amount 2.5 mil for residential and 5 mil commercialFixed and variable optionsInterest-only payments possible for a portion of the loan period (usually up to 5 years)Maximum loan-to-value ratio (LVR) of 90% for residential properties and 75% for commercial properties.Early payoff and unlimited extra payments may be allowedOffset accounts or redraw facilities may be available with some lendersSMSF Loan RequirementsThe SMSF must have a corporate trustee structure and all SMSF members must be trustees and over 18 years oldA minimum SMSF balance of $150,000 is usually required (varies by lender)The property purchase must meet the 'sole purpose test' of providing retirement benefitsIf residential, it cannot be acquired from or lived in by SMSF members or related parties. If commercial, it can be bought from or leased by SMSF members at market valueA separate custodian trust must be established to hold the property.
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Loan for SMSF
Krótkie OpowiadaniaSMSF loans, also known as self-managed superannuation funds loans, allow SMSF to borrow money to purchase investment properties. Wheather you are looking to buy residential investment property or commercial property, using a mortgage broker for SMSF...
