How we simplify self-managed super funds

Self-Managed Super Funds (SMSFs) are gaining traction in Australia due to their ability to create wealth through property in a different way. Despite their growing popularity, many brokers still believe writing an SMSF loan to be a complex and challenging process. 

To celebrate our current promotion of SMSF rates from 6.79% p.a., we sat down with Royden D’Vaz, General Manager - Distribution and Partnerships, and Laura Stanley, State Manager - NSW. 

Together we break-down clarify common misconceptions about SMSF loans and highlight how we can help you navigate the process with ease.

The most common Self-Managed Super Fund myths and misconceptions?

Let us start by debunking the concept that SMSF loans are difficult and that as a broker you need to know the ins-and-outs of SMSF regulations. “This is not the case”, Assetline’s SMSF subject matter expert Royden D’Vaz explains. “It’s worth noting in the case of SMSFs, it is not the broker who provides the advice. Trusted advisors such as financial planners and/or accountants provide advice to the borrower.”

Laura echoes that sentiment. “When we break it down, writing an SMSF loan is similar to all others. Legally, we can’t give loan structure advice or financial advice - therefore, brokers send their clients to their financial advisor and when they come back with the proposed structure, it's a simple loan set-up.”

It’s not just the perceived difficulty of the loan itself; there is also an outdated connotation with the cost of setting up a Self-Managed Super Fund. However, from a financial perspective, setting up an SMSF is not a costly exercise.

What makes Assetline Capital a leader in Self-Managed Super Fund lending?

Major banks exited the SMSF lending market in 2019,  As the banks exit this space, it has led many to refinance with non-bank lenders.

“This is of course a huge opportunity for brokers to diversify their portfolio. We’re seeing a reduced ability and therefore appetite to buy investment property, the holiday home, or upgrade the family home - now is the time to look to other ways to build wealth through property - SMSFs can unlock that”, notes Royden D’Vaz. 

Beyond the opportunities that SMSF loans offer investors, “Assetline provides brokers with adaptable and bespoke terms, including 0% liquidity and no net assets required. This unique approach positions us exceptionally in the market and highlights our leading unique selling proposition. Then of course, there’s the 6.79% promotional rate which is really competitive” says Laura.

With this shifting landscape, it becomes crucial to partner with reliable lenders. “Partnering with Assetline Capital for SMSF loans provides a significant level of security,” notes Laura Stanley. “As short-term solution-based lenders, our reputation is paramount. The due diligence involved in our process is extensive. We aim to be recognized as a secure and solution-focused non-bank lender.”

Conclusion

As the financial landscape evolves and major banks withdraw, Assetline Capital stands out with our tailored and flexible SMSF loan terms. Our commitment to thorough due diligence and our team of market-leading experts make us the perfect partner for Self-Managed Super Fund lending. We are dedicated to providing brokers and investors with the tools and knowledge they need to take full advantage of SMSF lending opportunities within our full suite of loan offerings.

If you’re ready to talk truths about Self-Managed Super Fund lending and explore how we can maximise wealth potential for your clients, submit your quick quote today.