Low DOC COMMERCIAL SMSF LOANS
View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal.
Low Doc SMSF Loans for Commercial Zoned Property.
|Many people with funds in superannuation have been enjoying the freedom of choosing how those funds are invested through self managed super funds. With the advent of the self managed superfund, managing your retirement funds is now fairly common as people shun large corporate public funds and opt to control their nest egg themselves.
|Loan purpose||Investment purposes only including a commercial property which is used as business premises for a member or their family / lease required.|
|Loan term||5 > 25 years.|
|Interest type||Variable rate.|
|Repayment type||Principal & interest, or interest-only up to 5 years then principal & interest.|
|Repayment options||Monthly, fortnightly or weekly.|
|Repayment method||Direct debit only.|
|Maximum Loan to||70% in high population areas (Capital Cities and Major Regional Towns listed below)
Commercial and Industrial real estate within acceptable locations.
|Credit history||Past credit impairment can be considered at higher rates and fees|
|Minimum loan size||$150,000|
|Maximum loan sizes||$2,000,000 @ 70% LVR – Up to $5,000,000 to 65% LVR|
|Acceptable guarantors||All adult members and associated trusts.|
|Minimum Equity||No minimum net asset requirements. We recommend that you seek independent financial advice|
|Acceptable Income||Acceptable income may include superannuation contributions and any SMSF income [rental income is acceptable at 80%).|
|Existing SMSF||Where an SMSF already exists, constituent documents will also be required.|
*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.