Self Managed Super Fund (SMSF) Loans

Whether you are purchasing an arm’s length residential investment property or commercial investment property, BOQ has competitive loans to meet your requirements. 

Eligibility

BOQ will lend to SMSF’s that are borrowing for the following purposes: 

  • Purchasing residential property for investment (non-trading corporate entity as trustee only)
  • Purchasing non-specialised commercial property for investment

Refinance of a SMSF loan from another financial institution (must be an Australian Credit License (ACL) holder) provided that the original property remains in place as security (Where the original loan to be refinanced was used to purchase residential property the trustee must be a corporate entity; and where the original loan to be refinanced was used to purchase commercial property the trustee/s can be either a corporate entity or individual/s.)  

 

Features

 Property type  Residential  Commercial  Commercial     
 Product types

 Business Term Loan 

 Business Term Loan Commercial Rate Loan
 Repayment terms*

 Principal & Interest

 Interest Only (max 5 years)

 

 Principal & Interest

 Interest Only (max 5 years)

 

 Interest Only (max 5 years)

 

 Interest plus principal reductions

 Loan terms 25 years 15 years 5 years#
 Loan to value ratios

up to 75% where the SMSF trustee is a company 

 

up to 65% where the SMSF trustee is an individual or a company

 

up to 65% where the SMSF trustee is an individual or a company

 

 Minimum loan size $10,000   $10,000   $10,000 
 Maximum loan size $4,000,000 $4,000,000 $4,000,000
 Interest ratesStandard Variable or Fixed Business Term Loan rates are available on Today's rates pageStandard Variable or Fixed Business Term Loan rates are available on Today's rates page Interest rates available on application

 Application fee

0.75% of the loan amount (min $750.00)

0.75% of the loan amount (min $750.00) 0.75% of the loan amount (min $750.00)
 Ongoing fee$20.00 per month$20.00 per month$50.00 per month

 Interest rates quoted are indicative only, and are subject to change without notice. 

 

Legal fees: External legal fees are also payable for the review of the SMSF Trust Deed and Custodian Trust Deed, preparation of loan documentation and settlement of the new facility.

 

* Longer interest only terms available on an approval basis

# Longer loan terms for Commercial Rate Loans available on an approval basis


How to apply

Contact or call into one of our branches to discuss your SMSF banking needs today.

 

To apply for a SMSF loan, you will need to provide the following specific documentation:

  • Certified copy of the SMSF Trust Deed
  • Certified copy of Custodian Trust Deed
  • Financial information to ensure serviceability (e.g. 3 years SMSF audited financial statements, 12 months SMSF bank statements, rental estimates)
  • Full copy of contract of sale

Important information

Please view the terms and conditions listed below on the Terms and Conditions page:

  • Business Banking Guide to Fees and Charges
  • Business Lending Supplementary Terms and Conditions