Low cost SMSF home loan launched
Web-focused company, online lender loans.com.au has launched what it is promoting as a low-cost SMSF home loan.
It said the product was a 4.99 per cent SMSF home loan that had been structured amid claims that SMSF trusts have been paying exorbitant rates for residential property loans.
The company said that at 4.99 per cent (5.04 per cent comparison rate), the SMSF home loan had total upfront fees of just $970 (including legal fees) and was available for residential investment property refinances and purchases of up to 80 per cent loan to value ratio (LVR).
The company's managing director, Marie Mortimer, said the SMSF loan was more than 1 per cent cheaper than the interest rate offered for a standard SMSF loan at one of Australia's big four banks and described it as a game-changer.
Originally published by SMSF Essentials.
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