Trusted & Awarded
Low Interest Rate & Flexible SMSF Loans
Access Ultra-competitive SMSF loan rates with unrivalled property flexibility.
Approval for more property types including high rises, hobby farms, and agricultural operations
Residential or commercial property loans
Higher purchasing capacity and lower rates, fees and charges than other brokers.
Expert attention to the complex paperwork required for self managed super funds
Don’t let weak credit stop your SMSF Loan.
Everyone deserves the right to a secure financial future. We provide solutions for those with poor credit ratings.
At SMSF Loans Experts, we offer lending solutions specially geared for clients affected by a low credit rating. Many lenders are extremely wary about lending to SMSFs with less than perfect credit scores, so we use our expertise to assess your situation and tailor a solution to help get you across the line. Depending on your circumstances, our team can explore the following SMSF lending solutions:
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“Massaging” your Self Managed Super Fund loan application through a prime lender at standard rates and fees.
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Applying through a specialised SMSF lender while you work to improve your credit score.
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Borrowing against your existing equity to lend to your SMSF.
We can assess your financial situation and find a solution to get you back on the right track through SMSF loans.
What do lenders think of a low credit rating?
Usually, banks and lenders do not approve SMSF lending applications for people who hold poor credit scores. The concept of SMSF lending is relatively new in the credit world; therefore, lending policies tend to be rigid and lack flexibility. This means there’s very little leniency for applications that carry poor credit history.
Banks are primarily interested in the trust income of your self-managed super fund and whether there is enough liquidity in the fund for you to afford the mortgage.
However, because you are the trustee making the guarantee, they will also consider your asset-to-liability position, as well as your credit history. Lenders ready to provide you with an SMSF loan despite your bad credit position will charge you a higher interest rate due to a higher risk for SMSF lending.
The good news is that at SMSF Loan Experts, we have professional affiliations with prime lenders who can approve loans to SMSFs with normal rates and fees.
How to get approved for an SMSF loan despite having bad credit
If you want to get approved for an SMSF loan despite your bad credit rating, you’ll need to tell your lender how much the defaults were for, when they occurred and whether they’re now paid or unpaid. They’ll also like to know how long it’s been since you incurred a bad credit listing and how you’ve moved past the life event. The best way to make your case strong is by providing them with as much evidence as you can.
Top tips to help improve your credit score
If you’re wondering ‘how can I fix my credit?’ here are some of the dos and don’ts when taking action to repair your credit file.
Do
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Review the information on your credit file for accuracy.
Investigate any incorrect information. An error can occur on such as having overdue bills incorrectly listed. You can have this removed simply by making a few phone calls. It’s worth it if it means you improve your credit score as a result!
While it’s legally impossible for a third party to magically repair your credit report for you, credit file repair companies can manage your credit repair process and dispute any incorrect information on your behalf. We work closely with a successful credit repair company and can refer you if you’d like.
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Make your repayments on time.
Missed payments are recorded on your credit report and can negatively impact your score if you leave it too long. In fact, it could even end up in a default which is seen as a strike against your name. By making your repayments on time, you can help demonstrate your worthiness of borrowing money and your ability to repay debts.
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Refinance if viable.
If your poor credit score results from too many defaults and missed payments, look into whether you’re able to potentially refinance your outstanding debt. Not only could this save you interest, but you may also be able to consolidate your debts, making it easier to manage and, more importantly, easier to meet your repayments!
Don’t
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Make multiple credit applications
The road to a successful credit application can be both exciting and frustrating. If one application is rejected, resist the urge to apply for credit with multiple other credit providers, as this reflects poorly on your credit file. Instead, choose to understand the reason behind the decline and work to remedy any areas that require attention before applying again.
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Give up
It can feel impossible and unfair when trying to improve your credit file but don’t give up. By continuously taking the necessary steps to improve your credit file, you’ll be back in the green sooner than giving up and letting your financial future go down the drain.
Don’t let a bad credit rating impact your financial future.
Call one of our experts on 1300 781 680 for a confidential discussion to determine your options. Please note, this professional service is for SMSF lending only; it only applies to applicants wishing to purchase property within their SMSF.
How Our Super Fund Loan Process
Works
Our streamlined process ensures you get the best SMSF loan with minimal hassle.
Here’s how it works:
How Our Super Fund Loan Process
Works
Our streamlined process ensures you get the best SMSF loan with minimal hassle.
Here’s how it works:
Assess and Plan
We assess your situation and explore
lending options to plan your investment
strategy.
Apply and Negotiate
We manage the loan application and
negotiate with lenders to get you the best
terms and rates.
Fund and Implement
Once approved, we ensure quick
disbursement and assist with your
investment strategy, providing ongoing
support as needed.
Our Services
Whether you're looking to refinance an existing SMSF loan or need finance to buy a property investment in super, our experienced team of self-managed superannuation fund service providers can help you find the right SMSF loan.
Residential SMSF Property Loans
As a self managed super fund SMSF trustee, borrowing to purchase an investment property could be the financial kick-start you’ve been searching for. We can help you access the best finance solutions to purchase your investment. Our strategies help to maximise the growth of your SMSF residential investment property.
SMSF Loan Refinance
If your residential or commercial property loan is more than 2 years old, you could be missing out on more competitive products recently released to the market. We compare products and strategies with your finance needs, to match you with the most cost-effective loan for your circumstances.
SMSF Setup
Ensure your self managed super fund is set up correctly and compliantly. We help with the set up of your fund, all the way through to the settlement of your property - we can even organise to have your loan pre-approved before your super fund has been established.
Commercial SMSF Property Loans
Looking for a loan to purchase a commercial investment property inside of super? With access to a number of commercial loan products, we can build a tailored investment strategy for your self managed super fund commercial property investment.
SMSF Lending Strategy
Our goal is to find the right Self Managed Super Fund lending strategy for you. Investing in property within your SMSF can be complicated - Our experts help simplify the whole process.
Bad Credit SMSF Loans
Having a bad credit score doesn’t have to mean you miss out on borrowing to invest or get stuck with high interest rates. At SMSF Loan Experts, we offer lending solutions especially geared for clients with a less than perfect credit history.
Low Interest Rate & Flexible SMSF Loans
Access Ultra-competitive SMSF loan rates with unrivalled property flexibility.
Frequently Asked Questions About
SMSF Loans
Common Questions Answered
Yes, SMSFs can borrow money for property, managed funds, or shares using a
Limited
Recourse Borrowing Arrangement (LRBA)
. This process is heavily regulated, so
getting expert advice is recommended. Contact us for more details.
Navigating through property investments within an SMSF involves various
considerations such as property values, regulatory changes, interest rates, tenant
occupancy, and financial liquidity. Working closely with experienced experts can help
manage these factors effectively and ensure the stability and growth of your
investment portfolio.
ENQUIRE NOW
Free SMSF Finance Session
Contact us today, or schedule a phone meeting with an SMSF Loan Expert to make sure you get the right SMSF Lending advice 1300 781 680
Melbourne Office
Suite 2, 54 Davis Avenue
South Yarra VICTORIA 314
1300 781 680