BankSA Brokers - BankSA Super Fund Home Loans

Super Fund Home Loan
Description	The Super Fund Home Loan is designed to provide loans to authorised Australian self-managed super funds ("SMSF") for the purpose of purchasing residential investment property.
Target Market	Customers that have or are planning to establish a self managed super fund that complies with the Superannuation Industry Supervision Act (SIS). Under the Act, the SMSF is allowed to purchase investment residential property.
Key Benefits	Diversification of possible investment strategy to include property acquisition Choice of fixed and variable rates Flexible repayment options Gearing and Capital Gains Tax benefits Limited recourse – the debt is limited to the property itself, other assets of the SMSF are not at risk Interest offset facility available to help reduce the interest charged while still having access to funds at call. Interest in Advance option available
Not Available For	Existing loans Owner-occupied property Purchases from related parties Building loans Increases (for any purpose) Renovations or Repairs (SMSF to use own funds) Refinances Family Pledge Relocation loans Refinances Portfolio loans Second or subsequent mortgages Low Doc loans
Switching	Switching is NOT available on this product except between the available Super Fund fixed and variable rate options.
Loan Amount	Minimum: $10,000 Maximum: No maximum
Repayment Type / Loan Term	Principal & Interest: 4 - 30 years Interest Based Term: maximum of 15 years (The loan term has a maximum period of 30 years.)At the end of the interest based term the repayments automatically change to Principal and Interest for the remainder of the contract term.Repayment Pause is NOT available on this product
Administration Fees	$12 - monthly
LVR	Maximum 72% LVR (90% of the maximum LVR applicable for the various security types without LMI – eg. When the max LVR is 70% we will lend up to 63%)
LMI	LMI is not applicable
Repayments	Weekly, fortnightly or monthly frequencies allowed on Principal & Interest loans. Monthly frequency only for Interest Based repayments.
Interest Offset	Partial Interest Offset and 100% Mortgage Equaliser available (Mortgage Equaliser available on variable rate only).
Principal Reductions	Allowable on Principal & Interest loans and on Interest Based loans.
Redraw Facility	Redraw facility is NOT available on this product
Rate Lock fee	This fee is payable if the customer wishes to 'lock in' the prevailing fixed rate. This ensures the rate will not rise (but can decrease) above the "locked rate" for a period of 90 days from the date of the customer’s request.

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BankSA, a division of St.George Bank Limited is the product issuer of the deposit and payment products referred to on this website. Any advice on this website is prepared without consideration of your personal objectives, financial situation or needs. Before acting on the advice, you should consider if it is appropriate to your objectives, financial situation or needs. You can obtain a Product Disclosure Statement (PDS) for the deposit, payment, insurance and wealth management products referred to on this website by phoning 13 13 76. Please consider the PDS for a product before you decide whether to acquire or continue holding the product. Information current as at date of posting. Applications for credit are subject to the Bank's prevailing lending criteria. Terms and conditions apply to the products mentioned.

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