Freedom Lend Variable SMSF Home Loan

The Variable SMSF home loan from Freedom Lend lets you purchase an investment property through your self managed super fund. It comes with a 100% offset account.

Freedom Lend's Variable SMSF home loan is only available for property investment (like all SMSF home loans). Borrowers can choose between principal and interest or interest-only repayments and borrow up to 75% of their property's value.

Interest Rate Max Insured LVR Max LVR
LVR 65% (IO)
5.79% p.a.
Comparison Rate
5.45% p.a.
65% 65%
LVR 65% (P&I)
4.79% p.a.
Comparison Rate
5.31% p.a.
65% 65%
LVR 70% (IO)
5.99% p.a.
Comparison Rate
5.65% p.a.
70% 70%
LVR 70% (P&I)
4.99% p.a.
Comparison Rate
5.50% p.a.
70% 70%
LVR 75% (P&I)
5.49% p.a.
Comparison Rate
5.99% p.a.
75% 75%
Product NameFreedom Lend Variable SMSF
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$1,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR65%
Maximum Insured LVR75%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$1,645
Lender's Legal Fee$1,300
Valuation Fee$303
Ongoing Fees$395 p.a.
Settlement Fee$0
Discharge Fee$535

Pros

  • Interest-only options available
  • 100% offset account attached

Cons

  • The loan comes with multiple fees
  • Only available for investors

What do I need to know about this loan?

This Freedom Lend Variable SMSF Home Loan is a flexible SMSF home loan with multiple rates depending on your deposit size and repayment type. A 100% offset account gives it added flexibility. You can use the loan to purchase an investment property or refinance an existing SMSF loan.

What are the features and benefits of the Freedom Lend Variable SMSF home loan?

  • Loan amount. This loan lets you borrow up to $1,000,000.
  • Purpose. This mortgage is for property investors.
  • Repayment flexibility. You can make monthly, weekly or fortnightly repayments and unlimited extra repayments.
  • Offset account. A 100% offset account lets you reduce your interest charges when you put extra savings into the account.
  • Split and redraw. This loan has split and redraw facilities.

What fees and charges come with this loan?

The Freedom Lend Variable SMSF home loan has several fees to be aware of. Make sure to factor in these fees when considering this mortgage.

  • Application fee: $1,645. You pay this fee when applying for the loan.
  • Discharge fee: $535. You pay the discharge fee when you end the home loan.
  • Legal fee: $1,300. This fee covers your legal costs.
  • Valuation fee: $303. This fee covers the cost of having your property professionally valued.
  • Service fee: $395. This fee is charged annually.
  • Switching fee: $303. You only pay this fee if switching from one Freedom Lend mortgage to another.

How do I apply for this loan?

To apply for this product or to get more information, click the green "Go to site" button and leave your details on Freedom Lend's website. Then a Freedom Lend mortgage specialist will get in touch and you can start your application.

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Freedom Lend Variable SMSF

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $1,645 / $395

  • Max LVR

    65%

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