07 Oct 2022

Which Banks Give Loans to SMSF?

Banks Give Loans to SMSF

Self-managed super funds are great options for individuals looking to financially prepare for retirement and take control over their investment decisions. SMSF investments must generate a returned profit benefitting the member’s retirement savings. 

SMSF loans can be used to make specific investment asset purchases. However, many of Australia’s big banks and lending specialists no longer offer SMSF loan services due to their high-risk nature. Luckily, there are still a few lending establishments that still offer SMSF loans, including the following:

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

It is important to research and compare the various loans, rates, fees, and requirements before applying for an SMSF loan. Speaking with professional lending specialists or mortgage brokers can help you to make sure you are receiving the best deal available. 

SMSF members are solely responsible for managing the fund. Verifying that an SMSF is properly set up and the investment purchases comply with the Australian Taxation Offices regulations is essential to the success of an SMSF.

Self-managed super fund loans can be used to make a wide variety of investment asset purchases that fall within the Australian Taxation Office’s rules and regulations. Investment available for purchase with SMSF include the following assets:

  • Australian and international shares
  • Cryptocurrencies
  • Managed funds
  • Term deposits
  • Overseas investments
  • Non-related businesses
  • Residential and commercial properties
  • Cash and bonds

If you would like to learn more about various SMSF investment assets and fund management, reach out to the professional lending specialists at Mortgage House for assistance with finding a great loan option and management advice.

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