SMSF home loans (read before you commit)
Self-managed super fund property loans are tightly regulated. LVR caps, lender narrowing, single-acquirable-asset rules, and the personal-guarantee question.
The three rules that catch people out
(1) Single acquirable asset, one property per loan, no renovating to add value. (2) LVR capped at 70-80%, often 60% for residential. (3) Loan must be a Limited Recourse Borrowing Arrangement.
Note: This is general information only and is not tax, legal or financial advice. Speak with an appropriately licensed professional before acting.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.