Does CBA Lend to SMSF?
When evaluating lending options for SMSF loans, some may wonder if the Commonwealth Bank of Australia still offers SMSF loans. Unfortunately, the CBA does not lend to SMSF. In fact, most big banks no longer offer SMSF loans because of their high-risk status. However, this does not mean that SMSF loans are impossible to find. Few lenders in Australia still offer SMSF loans, including:
- Mortgage House
- Reduce Home Loans
- Liberty Financial
- La Trobe Financial
- Switzer Home Loans
These lenders offer various SMSF loans with differing rates, costs, and terms and conditions depending on the individual lender. SMSF loans are known to be difficult to establish without experience working with them, so it is highly recommended to compare the lenders available to you and choose one to contact for assistance with a loan application. SMSF can be time-consuming and comes with certain financial risks that are increased if a professional lender does not assist.
SMSF loans are great options for someone looking to grow their wealth and retirement savings and allow an investment to be purchased with loan funds that will earn profit. A portion of the profit made will then be squared away into the SMSF retirement savings.
At Mortgage House, our professional lending specialists have the knowledge and experience required to successfully assist potential borrowers through the SMSF loan process. Reach out to us today for help with any questions or concerns you may have about the SMSF loan process.