23 Sep 2022

Can a SMSF Get a Loan?

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Yes, an SMSF can get a loan. The amount of funds approved for an SMSF loan relies on a lender and their policies as well as your independent financial situation. SMSF can get a loan to fund investments that will result in a future returned profit used to fund the retirement SMSF. However, it is important to keep in mind that SMSF loans are not as popular as they were in the past and many lenders and banks no longer offer them. This is why doing in-depth research on the various lenders that offer SMSF loans and comparing their rates, costs, and individual terms and conditions is essential to ensure you get the best deal available. 

SMSF loan funds can only be used after a clear strategy has been detailed in the trust deed and investment strategy statement. SMSF loans can be used to purchase residential or commercial properties, local or international shares, fixed-income products, or cash and term deposits as long as the purpose of purchasing is to procure income to fund retirement. 

If you are interested in an SMSF loan, it is highly recommended to seek help from a lending specialist or mortgage broker that offers various types of SMSF loans after research and comparison of the options is completed. There are few lenders that still offer SMSF loans because of their high-risk nature. These lenders include:

  • Mortgage House
  • Liberty Financial
  • La Trobe Financial
  • Reduce Home Loans
  • Switzer Home Loans
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