Self-Managed Super Fund Fully Drawn Loan Fixed Residential Interest Only
Use your retirement savings as equity to purchase an investment property through your Self-Managed Super Fund with a Company Trustee
Category: Business Loans Last Updated September 4, 2024 Effective September 30, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT Interest Only product. Additional Information
Interest Rate
8.09% PA
8.09% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
INVESTMENT, FIXED, 8.19%
- Lending Rate Type: Fixed
- Interest Rate: 8.19%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Investment
INVESTMENT, FIXED, 8.09%
- Lending Rate Type: Fixed
- Interest Rate: 8.09%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Investment
INVESTMENT, FIXED, 8.19%
- Lending Rate Type: Fixed
- Interest Rate: 8.19%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Investment
INVESTMENT, FIXED, 8.19%
- Lending Rate Type: Fixed
- Interest Rate: 8.19%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Product Features
- Other Additional Information: Variable or Fixed interest rate options
- Other Additional Information: Loan terms up to 25 years with residential security and up to 15 years with commercial security.
- Other Additional Information: Principal and interest repayments on all security types
- Other Additional Information: Repayments are monthly in arrears.
- Other Additional Information: Maximum loan to valuation (LVR) ratio is 80% for residential property, 70% for commercial property
Product Eligibility
- Other Additional Information: SMSF Trustee must be a Company and separate from the Property Trustee
- Other Additional Information: Property Trustee must be a Company and separate from the SMSF Trustee
Bank Fees and Charges
- Application Fee (Upfront), Amount: 0.00. Additional Information: Available upon application
- Administration Fee (Periodic), Amount: 20.00.
- Loan Finalisation Fee (Exit), Amount: 300.00.
- Default Fee (Event), Amount: 30.00. Additional Information: Will be charged monthly until no longer in default
- Approval Fee (Event), Amount: 100.00.
- Consent Fee (Event), Amount: 200.00. Additional Information: Per Consent if required to Consent to the registration of a Land Titles document over the security property to a third party
- Production Fee (Event), Amount: 100.00. Additional Information: If Heritage is required to produce a security document to the State's Land Titles Authority or agency
- Partial Release Fee (Event), Amount: 200.00. Additional Information: $200.00 per security
- Capital Reduction Fee (Event), Amount: 75.00.
- Redocumentation Fee (Event), Amount: 450.00. Additional Information: If you apply to change the specific details of your facility or substitute securities
- Break Fee (Variable), Amount: Not Listed.. Additional Information: Calculating the interest amount that Heritage would have received over the remaining fixed rate period of your Loan less the interest amount Heritage will receive on a comparable loan for the remaining fixed rate period at the date the Credit Contract is paid out.
- Audit Certificate Fee (Event), Amount: 15.00.
- Overseas Cheque Deposit Fee (Event), Amount: 10.00. Additional Information: If a cheque in foreign currency is deposited to your facility account (note: Heritage does not always accept these deposits).
- Document/record Search Fee (Event), Amount: 12.00. Additional Information: For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) on your facility account (refunded if fee was charged for transaction-specific information and the transaction was incorrectly debited).
- Heritage Cheque Fee (Event), Amount: 10.00. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility account. $10.00 per cheque (including replacement cheques).
- Telegraphic Transfer Fee (Event), Amount: 30.00. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia
- Rtgs Deposit Fee (Event), Amount: 10.00. Additional Information: If a payment/transfer to your facility account via RTGS occurs.
- Transaction Listing Fee (Event), Amount: 5.00. Additional Information: When a transaction listing between two given dates is issued on your facility account.
- Additional Statement Fee (Event), Amount: 1.00. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date
- Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured
- Sms Alert (Event), Amount: 0.25. Additional Information: $0.25 for each SMS Alert delivered by SMS to your mobile phone.
Limitations & Restrictions (Constraints)
- Min Limit of 250000.00 Additional Information: Preferred minimum amount
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