Loanpal Prime Commercial SMSF
| Loanpal Prime SMSF Full Doc | Loanpal Prime SMSF Alt Doc | |
|---|---|---|
| Loan Purpose | Purchase or refinance of existing commercial Loan | |
| Trustee Structure | Corporate or individual trustee | |
| Maximum LVR | 80% | |
| Loan Amount | From $50,000 to $3,000,000 | |
| Loan Term | Up to 30 years | |
| Repayment Options | P&I or IO (up to 5 years) | |
| Acceptable Security | Please contact your Loanpal Group BDM to confirm security eligibility. | |
| Min ABN | 1 Day SMSF and Bare Trust (Minimum 2 years ABN for members business) | |
| Max SMSF members | Up to 6 members | |
| Credit History | Default paid up to $500 may be considered | |
| Test | Liquidity test not required Net asset test not required |
|
Loanpal Prime SMSF Full Doc
Loan Purpose
Purchase or refinance of existing commercial Loan
Trustee Structure
Corporate or individual trustee
Maximum LVR
80%
Loan Amount
From $50,000 to $3,000,000
Loan Term
Up to 30 years
Repayment Options
P&I or IO (up to 5 years)
Acceptable Security
Please contact your Loanpal Group BDM to confirm security eligibility.
Min ABN
1 Day SMSF and Bare Trust (Minimum 2 years ABN for members business)
Max SMSF members
Up to 6 members
Credit History
Default paid up to $500 may be considered
Test
Liquidity test not required
Net asset test not required
Net asset test not required
Loanpal Prime SMSF Alt Doc
Loan Purpose
Purchase or refinance of existing commercial Loan
Trustee Structure
Corporate or individual trustee
Maximum LVR
80%
Loan Amount
From $50,000 to $3,000,000
Loan Term
Up to 30 years
Repayment Options
P&I or IO (up to 5 years)
Acceptable Security
Please contact your Loanpal Group BDM to confirm security eligibility.
Min ABN
1 Day SMSF and Bare Trust (Minimum 2 years ABN for members business)
Max SMSF members
Up to 6 members
Credit History
Default paid up to $500 may be considered
Test
Liquidity test not required
Net asset test not required
Net asset test not required
Loanpal Prime Commercial SMSF — Interest Rates and Fees
Commercial SMSF Full Doc
| LVR | Rate p.a. |
|---|---|
| Up to 70% | 7.79% |
| Up to 80% | 8.04% |
| Loading | IO: +0.3% p.a. Loans above 2mil: +0.5% p.a. |
Commercial SMSF Alt Doc
| LVR | Rate p.a. |
|---|---|
| Up to 70% | 7.79% |
| Up to 80% | 8.04% |
| Loading | IO: +0.3% p.a. Loans above 2mil: +0.5% p.a. |
Fees and Charges
| Category | Fee Item | Commercial SMSF |
|---|---|---|
| Conditional Offer | Valuation & Administration Fee | At Cost |
| Settlement | Establishment Fee | 1.55% |
| Lender's Legal Fees | At Cost, plus disbursements | |
| Settlement Fee | $330 | |
| Other Fees | Early Termination Fee | 1 Month Interest |
| Annual Fee | $299 p.a | |
| Discharge | Discharge Fees | $950, plus lender's legal fees at cost |
Commercial SMSF Full Doc
Up to 70% LVR7.79%
Up to 80% LVR8.04%
Loading (IO / >2M)+0.3% p.a. / +0.5% p.a.
Commercial SMSF Alt Doc
Up to 70% LVR7.79%
Up to 80% LVR8.04%
Loading (IO / >2M)+0.3% p.a. / +0.5% p.a.
Fees and Charges
Conditional Offer
Valuation & Admin FeeAt Cost
Settlement
Establishment Fee1.55%
Lender's Legal FeesAt Cost + disbursements
Settlement Fee$330
Other Fees
Early Termination Fee1 Month Interest
Annual Fee$299 p.a
Discharge
Discharge Fees$950 + legal fees at cost