SMSF loans...
SMSF loans are provided to Self-Managed Superannuation Funds. An SMSF client may consider buying an investment property to help grow their super but might not have the funds to purchase the property outright.
An SMSF property loan can be difficult to secure through traditional lending Channels as some do not offer an SMSF loan product
Fortunately for our clients - we’re not a bank! We’re happy to help you to grow your superannuation with an SMSF property loan. Discover further details about our loans and lending process below.
The essential details
Security
Our loans are secured by first mortgage, where the maximum we will lend on a property is:
- Up to 66.6% of the value of residential and commercial property
- Up to 60% of the value of rural property
- Up to 50% of the value of hotels and specialised security.
Loan purpose
We provide SMSF loans only for the acquisition of property and associated costs.
Establishment fees
We charge 0.75% of the loan amount as an establishment fee, with a minimum fee of $3,000. If our committee determines that a loan is highly complex, we may charge a higher establishment fee.
All establishment fees are GST inclusive.
Additional fees
We do not charge any recurring service or account fees.
We do charge an early repayment fee as follows:
- If the loan is refinanced within the first 6 months, borrowers pay a fee equal to 2% of the loan amount
- If the loan is refinanced within the first 6-12 months, borrowers pay a fee equal to 1% of the loan amount
Valuation fees are paid by the client.
Financial advice
Before applying for an SMSF loan with MCMF, borrowers must obtain independent financial advice from their financial advisor or accountant.
Loan approval
The Murdoch Clarke Mortgage Fund Management Committee makes all loan application decisions based on established lending criteria.
I’m ready to apply for my MCMF loan
Make sure that you’re fully informed by reading the following:
TMD: SMSF loans | MCMF Credit Guide
Once you’ve read our TMD and Credit Guide – these links will provide everything you need for your submission.
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