Self-Managed Super Fund Fully Drawn Loan Fixed Residential Principal and Interest

Use your retirement savings as equity to purchase an investment property through your Self-Managed Super Fund with a Company Trustee
Category: Business Loans  Last Updated October 8, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a FIXED INVESTMENT product. Additional Information Residential Security
Interest Rate
7.69% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  INVESTMENT, FIXED, 7.99%
  • Lending Rate Type: Fixed
  • Interest Rate: 7.99%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose: Investment
  INVESTMENT, FIXED, 7.69%
  • Lending Rate Type: Fixed
  • Interest Rate: 7.69%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose: Investment
  INVESTMENT, FIXED, 7.69%
  • Lending Rate Type: Fixed
  • Interest Rate: 7.69%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose: Investment
  INVESTMENT, FIXED, 7.69%
  • Lending Rate Type: Fixed
  • Interest Rate: 7.69%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose: Investment

 Product Features

  • Other Additional Information: Variable or Fixed interest rate options
  • Other Additional Information: Loan terms up to 25 years with residential security and up to 15 years with commercial security.
  • Other Additional Information: Principal and interest repayments on all security types
  • Other Additional Information: Repayments are monthly in arrears.
  • Other Additional Information: Maximum loan to valuation (LVR) ratio is 80% for residential property, 70% for commercial property

 Product Eligibility

  • Other Additional Information: SMSF Trustee must be a Company and separate from the Property Trustee
  • Other Additional Information: Property Trustee must be a Company and separate from the SMSF Trustee

 Bank Fees and Charges

  • Application Fee (Upfront), Amount: 0.00. Additional Information: Available upon application
  • Administration Fee (Periodic), Amount: 20.00.
  • Loan Finalisation Fee (Exit), Amount: 300.00.
  • Default Fee (Event), Amount: 30.00. Additional Information: Will be charged monthly until no longer in default
  • Approval Fee (Event), Amount: 100.00.
  • Consent Fee (Event), Amount: 200.00. Additional Information: Per Consent if required to Consent to the registration of a Land Titles document over the security property to a third party
  • Production Fee (Event), Amount: 100.00. Additional Information: If Heritage is required to produce a security document to the State's Land Titles Authority or agency
  • Partial Release Fee (Event), Amount: 200.00. Additional Information: $200.00 per security
  • Redocumentation Fee (Event), Amount: 450.00. Additional Information: If you apply to change the specific details of your facility or substitute securities
  • Break Fee (Variable), Amount: Not Listed.. Additional Information: Calculating the interest amount that Heritage would have received over the remaining fixed rate period of your Loan less the interest amount Heritage will receive on a comparable loan for the remaining fixed rate period at the date the Credit Contract is paid out.
  • Capital Reduction Fee (Event), Amount: 75.00.
  • Audit Certificate Fee (Event), Amount: 15.00.
  • Overseas Cheque Deposit Fee (Event), Amount: 10.00. Additional Information: If a cheque in foreign currency is deposited to your facility account (note: Heritage does not always accept these deposits).
  • Document/record Search Fee (Event), Amount: 12.00. Additional Information: For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) on your facility account (refunded if fee was charged for transaction-specific information and the transaction was incorrectly debited).
  • Heritage Cheque Fee (Event), Amount: 10.00. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility account. $10.00 per cheque (including replacement cheques).
  • Telegraphic Transfer Fee (Event), Amount: 30.00. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia
  • Rtgs Deposit Fee (Event), Amount: 10.00. Additional Information: If a payment/transfer to your facility account via RTGS occurs.
  • Transaction Listing Fee (Event), Amount: 5.00. Additional Information: When a transaction listing between two given dates is issued on your facility account.
  • Additional Statement Fee (Event), Amount: 1.00. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date
  • Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured
  • Sms Alert (Event), Amount: 0.25. Additional Information: $0.25 for each SMS Alert delivered by SMS to your mobile phone.

 Limitations & Restrictions (Constraints)

  • Min Limit of 250000.00 Additional Information: Preferred minimum amount