Choice SMSF
From 7.29%
*Promotion Rate
About Choice SMSF
- Max LVR: 90% Residential; 80% Commercial
- Max Loan Amount: $3,500,000
- Promotion Rate: 7.29% LVR 70%
- Available for residential and commercial securities
- Loan term up to 359 months
- Easy Refinance available - 4 business days to Formal Approval
Loan Purpose and Rate
Special Rate - Loan Size < $2m
7.29% PI (LVR ≤ 70%)
- Interest rate from 7.29% P.A.
- Comparison rate from 7.82% P.A.
Normal Rate - Loan Size < $2m
7.35% PI (LVR ≤ 70%)
- Interest rate from 7.35% P.A.
- Comparison rate from 7.88% P.A.
Special Rate - Loan Size > $2m
7.79% PI (LVR ≤ 70%)
- Interest rate from 7.79% P.A.
- Comparison rate from 8.31% P.A.
Normal Rate - Loan Size > $2m
7.85% PI (LVR ≤ 70%)
- Interest rate from 7.85% P.A.
- Comparison rate from 8.37% P.A.
Product Summary
| Security type | Residential & Commercial |
| Loan Amount | $50,000 to $3,500,000 |
| Maximum LVR | 90% Residential (inclusive of fees); 80% Commercial |
| Loan Term | Up to 359 months |
| Borrower Type | Trustee of a Self-Managed Super Fund |
| Loan Purpose | New Purchase, Refinance – investment |
| Repayment Method | Direct debit from nominated bank account |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Application Fee | $0 |
| Lenders Protection Fee | 0 – 3.50% |
| Settlement Fee | $0 |
Document Checklist
SMSF Documentation
- Certified Copy of SMSF Trust Deed and SMSF Bare / Custodian Trust Deed
- Certificate of registration for the SMSF Trustee company / SMSF Bare Trustee
- Most recent 2 years' Audited SMSF Tax Returns and Financial Statements
- Last 6 months SMSF Cash Management Account Statements or 2 years Industry Fund Statements
- Independent Legal Advice Guarantor Certificate
- Accountant letter to confirm annual ongoing cost for SMSF, if the costs noted on the SMSF latest tax return is not reflective of the ongoing future annual cost OR no tax returns available
Income Documents (PAYG)
- Latest 2 Payslips
- Latest 3 Months' Salary Credit
Income Documents (Self-Employed)
- Most recent 2 years Company Tax Returns & Financial Statements
- Most recent 2 years Personal Tax Returns & Notice of Assessment
- Most Recent BAS
- 6 Months Business Bank Statements
Loan Calculator
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Choice SMSF Calculator
Please click on the link to download the calculator for serviceability calculations.