Refinance an SMSF Loan

Refinancing your SMSF investment property loan could potentially save you thousands!

It is worth noting that because these loans are highly regulated - and a little bit more complex than a standard home loan - there are many things you need to consider. Such as, interest rates, terms and conditions and whether they can offer you more flexible loan features.

What documents do I need to provide?

Lenders usually assess your application based on your income from the Superannuation Fund (SMSF) tax returns and the rental income received.

When applying for a SMSF refinance you will be required to provide specific supporting documents such as:

  • Certified copy of the SMSF Trust Deed
  • Certified copy of Custodian Trust Deed
  • SMSF audited financial statements and tax returns (2 years)
  • 12 months SMSF bank statements
  • rental statement/lease agreement for security property
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What costs are involved?

Before deciding to switch you should compare the fees and charges such as loan application and ongoing fees, exit/discharge fees, valuation fee, settlement fee, break costs (if you are refinancing within a fixed term) and any Government fees to register/ transfer the security property.

Can I access equity with the refinance?

While you are allowed to refinance an SMSF loan, under the Superannuation Industry (Supervision) Act 1993 (SIS Act), you cannot release equity or increase the amount you are borrowing. It is worth noting that in certain circumstances, necessary repairs and maintenance to the security property may be permitted.

Possible benefits of a refinance?

  • Lower Interest rates
  • Access to Interest Only repayments
  • 100% offset
  • Unlimited early repayments

If you are thinking about refinancing your SMSF loan, contact one of our specialist brokers who can help you find a suitable lender.

Always seek independent financial advice prior to making any decisions relating to your SMSF loan.