Freedom Variable – Investment Fact Sheet

Our SMSF Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility with their SMSF.

Product Overview

Maximum Loan amount Single Security: $1,000,000
Loan to Value Ratio (LVR) Up to 75%
Loan Term Up to 30 Years
Loan Options Principal and Interest (P&I), and Interest Only (I/O)
Credit History Clear Credit History
Lenders Mortgage Insurance N/A
Loan Purpose Purchase or refinance of an existing SMSF loan
Liquidity 7.5% required
Acceptable Securities Categories 1&2
Residential up to 25 acres
Residential properties greater than 50sqm
(exclusive to balconies and parking)
Split Loans Available. Up to 4 splits
Extra Repayments Available
Offset Available
Repayment Frequency Weekly, fortnightly or monthly repayments
Voluntary Repayments Extra repayments may be made at any time without penalty
Transaction Fees Unlimited free internet & Phone banking transactions available on your offset account.
Free Transactions for Online banking transfers, Phone Banking transfers,
BPay and direct debits

Set up Fees

Application Fee $1,645
Settlement Fee $550
Valuation Fee $250 or at cost
Solicitors Fee $1,300 or at cost
Yearly Fee $395 per year
3rd party solicitor costs at cost
3rd party government costs at cost

Post Settlement Fees

Loan Account Variation Fee $150
Loan Facility Variation Fee $550 plus Third Party Costs*
Settlement Cancellation Fee $1,300 or at cost
Manually Redraw $25
Ad Hoc Statement Fee $15
Discharge Administration Fee $535

* Third Party Costs are costs incurred by services providers external to Freedom Lend and will vary depending on the nature of the service and request. These costs are passed on directly to the applicants.