SMSF Lending and its Benefits at Key Partner Finance
Property Loan
Key Partner Finance offers expert guidance, simplifying the path to securing property loans with years of experience and a comprehensive understanding of landing services using your superannuation savings.
We provide professional services customised to meet the needs of every individual, providing a tailored solution for every loan application. Our services, navigated by our expert team, include:
- SMSF residential property loan
- SMSF commercial property loans
- Purchasing premises for your business using your SMSF
- Refinancing your SMSF for a more competitive rate.
To understand the concept of SMSF, let us give you a comprehensive insight into what an SMSF property loan is.
What is an SMSF property loan?
Who is eligible for an SMSF property loan?
Established time of super funds: the duration of establishment of SMSF must be 2 years or more.
Minimum balance: the minimum balance that is a must-have for a property loan through SMSF is $50,000.
Repayment ability: the SMSF must be capable of repaying the loan and must have an investment strategy to do so.
Investment suitability: the loan is to be secured against the asset, and the asset should be fit for SMSF investment.
It is essential to know that the rules of ATO regarding the lending service are quite strict, and not all allow borrowing for loans. In addition to this, the lender may also have eligibility criteria to meet the eligibility for the loans.
Benefits of SMSF property loans.
Greater control: SMSF loans provide you with the autonomy to make informed investment decisions, allowing you to select properties that align with the specific needs of your retirement goals.
Tax benefits: SMSF property loans also provide you with tax benefits that may help to deduct your loan interest rate as well as favourable capital gains tax treatment upon retirement.
Diversification: Using SMSF for your property investments may also help to diversify your financial holdings and mitigate the financial risk by spreading across various assets.
Contact Key Partners Finance. A one-stop shop for all your financial problems that holds expertise in guiding you through an intricate lending process and provides you with a solution that is best suited for your requirements.
