SMSF MORTGAGE BROKER MELBOURNE

Access tailored and comprehensive loan and refinancing options from one of Melbourne’s leading mortgage brokers at Mel Finance.

Mel Finance is listed in the top 25 brokers for Customer Service out of 19,000 Mortgage Brokers Australia-wide

Acquiring a Self-managed Super Fund Loan

When seeking advice regarding a loan to buy an investment property, you need the person providing the information to be experienced and reliable. Mel Finance has earned its reputation as a trustworthy mortgage broker because we are dedicated to supporting our clients to reach their target outcomes. Our highly qualified team can provide extensive guidance regarding loans and refinancing and help you to make the most appropriate decisions for your future.

As a boutique mortgage broker based in Melbourne, we offer flexible and efficient service that is tailored to your specific needs and goals. We are proud to offer personal support, which large corporate firms are often unable to provide. If you are looking for assistance with financial planning such as a self-managed super fund (SMSF) loan, we can help.

What Are SMSF Loans?

How Mel Finance Can Help With Your SMSF Loan

SMSF products were once more widely available than they are now. Recent industry changes have resulted in some mainstream lenders removing these products from the market, which can affect how much you pay. Mel Finance has a portfolio consisting of more than 30 lenders, enabling us to find you a competitive SMSF loan appropriate for your requirements and goals.

An SMSF loan usually has a maximum loan-to-value ratio of 75%. Regardless of whether you are aiming to establish a self-managed super fund or if you have an existing super fund and would like to buy or refinance a property, we can assist you to get the most out of your SMSF loan.

Find the right SMSF loan for you with Mel Finance’s experienced support.

The Benefits of a Self-managed Super Fund Loan

SMSF loans may offer a range of benefits. Anyone can establish a SMSF loan, though they are more commonly used by people with higher incomes who have more money to roll over into the SMSF fund due to the larger contributions they may make. SMSF loans may be a useful move for some people when planning for retirement.

Some examples of who may find a SMSF loan advantageous include:

Investors

If you are an investor, this type of loan may provide you with a way to diversify your superannuation portfolio with property assets.

Business Owners

SMSF loans can be used to purchase business premises. This may help you grow your company.

Gaining a loan through a self-managed superannuation fund can also enable loaners to receive tax benefits on the interest made.

If you are considering setting up a SMSF loan, it can be prudent for most people to engage an accountant who deals with SMSF loans frequently due to the complex nature of the process involved. We can help maximise the benefits of using a SMSF loan and ensure it is set up and managed correctly to adhere to laws and optimise returns.

Your SMSF Loans Questions Answered

Why are SMSF loans more expensive?

There can be a higher risk for a bank with SMSF loans, so you generally pay more than some other types of loans. Due to the non-recourse setup of the LRBA structure, banks add a premium to the required SMSF interest. When interest rates rise, you should receive the increase in full from the bank as a SMSF loan holder.

How much will banks lend to a SMSF?

The minimum loan amount for a SMSF is $50,000. The maximum is $1,000,000. This depends on property approval and the fund’s borrowing capacity. There is typically up to 80% LVR allowed with loan terms of 30 years. This involves up to five years of interest-only repayments.

Does SMSF pay stamp duty?

SMSF members generally do not pay stamp duty on trust deeds. There can be some circumstances in which this government-imposed tax is applied though, so it can be beneficial to discuss this with your accountant to avoid legal and financial fees if the fund is not managed correctly.

Looking SMSF accountants in Melbourne can provide comprehensive support from entire process of establishing your SMSF.

What deposit do you need for a SMSF loan?

Because you generally require a loan-to-value ratio (LVR) of 80%, you will need a 20% deposit. When using an SMSF loan for a commercial property, the LVR is usually 70%, so the deposit will be 30%.

What is the maximum tax rate for SMSF?

During the fund accumulation phase, the tax rate is generally 15%. A taxable income amount is determined when your assessable income is combined and eligible deductions are incorporated.

Why Use Mel Finance to Set up Your SMSF Loan?

We recommend obtaining independent financial and accounting advice before pursuing a SMSF loan to ensure it is structured and processed correctly. We can also help you acquire a financial planner’s certificate or acknowledgment letter, which is required by some lenders to accept your application. SMSF loans can be multi-faceted and complicated and not all mortgage brokers deal with them. Contact Mel Finance for personalised and experienced support from accountants who are familiar with these loans.

Engage With Experienced Mortgage Brokers at Mel Finance Melbourne

If you are considering your options for a loan to purchase property, contact Mel Finance to find out what may be the most suitable and beneficial for you. We can advise and support you through the setup of a SMSF loan, and if it is not the most appropriate option for you, we will assist you in establishing an alternative route.

Google Reviews

Great experience! Lumbini is a great advisor and I would highly recommend him for future brokering advice.

Lachie Sinclair

February 28, 2024

Best broker I’ve dealt with! I haven’t had to lift a finger, went through the whole process better than I could have ever asked for. I had a ton of questions and got them answered without even asking them. You’re an absolute star Lumbini.

Sandeep Singh

February 24, 2024

Lumbini was amazing with helping me a get a home loan, he explained things easily, found a bank and loan that was suited to me and was there 100% throughout the transaction, Lumbini is officially my broker and would happily recommend him to anyone - thanks Lumbini

Sarah Lewellin

January 24, 2024

Lumbini made the process so simple and easy for us! He was able to get the approval for us within short period of time to meet the settlement time. He is very professional, patient and supportive through the process of organising the loan and everything went through seamlessly. Would highly recommend!

Andrew Liang

January 9, 2024

Managed out refinance excellently. Communication was great.

Maxwell Chiazor

January 8, 2024

Our first home buying experience was stress free and less daunting with Lumbini's assistance and reassurance throughout the whole journey. Lumbini always ensures that all our queries and requests are addressed in a prompt manner. He is knowledgeable and his advice is practical and always for our best interest. We are very pleased to have found Lumbini as our mortgage broker. I would highly recommend Mel Finance for anyone who is looking for home financing.

Maria T

December 24, 2023

Mel Finance and Lumbini for Best long term mortgage engagements!! We just completed our second property with them and looking forward for more!!! When it comes to mortgages and account formation Lumbini always take care of details and gives you a great peace of mind. Best offers and market leading lenders are their specialties. Apart from just getting the loan sanctioned they advise you on facts and reality which help you make best decision rather than burning money in a long run. Unlike just client lender broker relationship Lumbini and Melfinance strive to keep a long term relationship with client which is only possible by providing quality services and continuous support. Look no further if you need best advices on current market conditions!

Jayesh Nath

December 4, 2023

Lumbini was incredibly helpful throughout the whole process. We were first home buyers had had no idea where to start and he explained everything to us and answered every one of our questions with patience. I would highly recommend Lumbini as your mortgage broker he is experienced and helps put your mind at ease with all the stressors. Would recommend him to family and friends without question!

Hannah M

November 12, 2023

I am delighted to share my recent experience in purchasing a new home and express my heartfelt appreciation to our dedicated mortgage broker, Lumbini. Throughout the entire process, Lumbini exhibited a remarkable level of professionalism, great service, and care. His patience and attention to detail during our consultations were truly outstanding, making the complex journey of securing a mortgage simple and seamless. I wholeheartedly recommend his services to anyone in need of expert guidance in the mortgage arena. Thank you, Lumbini, for your exceptional support and expertise! 😊

Elizabeth Z

November 3, 2023

Lumbini was fantastic to work with. He made the process less complicated and provided appropriate advice and care. Overall a pretty seamless engagement and couldn't be happier with the outcome. Would definitely be engaging for future mortgage needs. 😀

David Lim

October 23, 2023