BankSA Super Fund Fixed Rate Home Loan

Rates and Fees verified correct on October 26th, 2016

You could look after the future of your SMSF by investing in property with the BankSA Super Fund Fixed Rate Home Loan.

If buying residential investment property is something you are considering for your SMSF, BankSA could help make it happen. Even if you are just now considering starting an SMSF or if it is an already existing one, you could borrow the funds needed to add an asset to your portfolio.

Things to consider about BankSA Super Fund Fixed Rate Home Loan

You can make this investment with your SMSF’s existing assets. This is a limited recourse loan where the amount that can be recovered in the event of default cannot exceed the amount of the secured property. This protects all other assets of your SMSF; in addition, an investment strategy of this type must fall in line with the investment strategy set forth by your SMSF.

When you choose the fixed interest rate terms for your loan, you are guaranteeing steady repayment amounts for the period of your terms, which range from one to five years.

Features of the BankSA Super Fund Fixed Rate Home Loan

  • Loan-to-Value Ratio (LVR).
    For an account where the SMSF trustee is an individual, the loan amount can be up to of the value of the property. When the trustee is a company, of the value of the property may be borrowed.
  • Loan terms.
    The fixed rate period for this loan cannot exceed years, but the life of the loan can be spread out over .
  • Repayment frequency.
    You are permitted to make principal and interest repayments weekly, fortnightly and monthly, but when making interest-only repayments you can only make these each month.
  • Repayment types.
    Your SMSF may make additional repayments on this home loan. During the fixed rate period you are restricted to make $10,000 worth of additional repayments annually, yet during the variable rate terms additional repayments may be made without limit.
  • Offset account.
    A partial offset account is an option during the fixed rate period, and this changes to a 100% offset account when the loan reverts to a variable rate.
  • Loan amount.
    An SMSF may borrow anywhere from to towards the purchase of a residential property that is to be used as an investment.


Fees you can avoid

  • Annual fee. BankSA charges no annual fee for the Super Fund Fixed Rate Home Loan.

Fees you can’t avoid

  • Loan establishment fee.
    is paid to the bank for the preparation and establishment of your investment home loan.
  • Valuation fee.
    In the event that the property being used as security needs to be assessed for its worth, the borrower will be charged. This third-party fee starts at .
  • Yearly fee.
    Your account will be charged yearly for the maintenance of your account.
  • Mortgage stamp duty.
    The amount of this government enforced charge will be dependent on where the investment property is located.

Calculate your repayments by filling in some of your details

How to apply for the BankSA Super Fund Home Loan

Be sure that it and you meet the following eligibility requirements first:

  • Residency.
    Australian residents who have or are planning to start an SMSF are welcome to apply.
  • Trust deed.
    There must be an expressed power to borrow in the SMSF trust deed.
  • Purpose.
    This home loan is only available as an investment loan for a residential property that is located within Australia.

Be prepared with the following documentation for when they call to discuss your loan options with you:

  • SMSF documents.
    A certified copy of your trust deed is required, as are financial statements that show contributions from members.
  • Company trustee. In the event that the SMSF trustee is a company then a certificate of incorporation will be needed. You will also be asked to provide an accountant’s letter stating that the company does not trade.

Residential property investment is an innovative way to grow an SMSF’s funds and assets. Compare the rates and fees that other banks are offering with this loan to see where your SMSF will get the most benefit.

Was this content helpful to you? No  Yes

Related Posts

This page was last modified on 15 August 2016 at 14:20.

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

2 Responses to BankSA Super Fund Fixed Rate Home Loan

  1. Default Gravatar
    Michael | February 19, 2015


    I am after information relating to loans to smsf.

    My wife and i are planning expand our b and b business by purchasing a house currently licensed and operating as a b and b business; initially we are getting a normal home loan to purchase the property and make some improvements but operate the new property under our business name.

    In parallel to our b and b expansion/development our financial advisor will assist with setting up our smsf as per asic rules of course.

    Once the b and b property is completed to our standard we were planning to sell the new property to the smsf at the proper market rate, then our business was going to lease the property back from the smsf at proper market rates to enable us to continue running our b and b business.

    The loan required is approx $80, 000 and the super fund will have around $200,000 to put toward the purchase.

    So with that in mind would your bank be able to accommodate our needs? If someone could provide some feedback that would be great, cheers,


    • Staff
      Shirley | February 20, 2015

      Hi Michael,

      Thanks for your question.

      Please note that is an online comparison service and does not represent BankSA.

      If you would like to speak to BankSA directly to find out more information about this loan or discuss your options, please click on ‘go to site’.

      All the best,

Ask a question