Do you have a low Loan to Value Ratio (LVR) in the vicinity of 70% or less?  Then the newly created SMSF Refinance and the Basic Variable Owner-Occupied loans may be suitable for your situation.  

SMSF Refinance

For borrowers with a maximum of 70% LVR, the variable rate on the residential SMSF refinances loan has been reduced by 1.05% to just 5.29% principal and interest (P&I).  There is no charge for application, legal, settlement, or ongoing fees for an SMSF refinance, only a one-time $200 valuation fee, allowing it to have the lowest costs on the market.  

The SMSF loan application process is simple, with an easy-to-follow policy and procedure and fortunately requires only a few supporting documents. 

Basic Variable Owner-Occupied Loan

For owner-occupied, the new Basic Variable Special has a rate of just 4.29%! This rate is an ongoing rate and is available for borrowers with a maximum LVR of 70% on P&I. 

The two new loan products and their rates are summarised in the table below.

Product Investor Owner Occupier Max LVR Repayments
SMSF Refinance-only Special 5.29% n/a 70% P&I
Basic Variable Special n/a 4.29% 70% P&I

If you want to jump onto one of these lower rates, learn more and view the full rate sheet, schedule an obligation-free consultation with our mortgage specialist.