SMSF Loans Outstanding Value: Beyond Bank
The dollar value of non-recourse loans in self-managed super funds (AMSFs) has increased from $1.4 billion in June 2011 to more than $21.8 billion in June 2016. Just as with individuals though, Trustees are also keen to find a great-value loan.
In 2016 CANSTAR has assessed the SMSF loan products offered by 14 financial institutions, with Beyond Bank achieving an outstanding value 5 star rating across all fixed terms assessed.
|Outstanding Value||SMSF Loan||1 Year Fixed||Beyond Bank|
|Outstanding Value||SMSF Loan||2 Year Fixed||Beyond Bank|
|Outstanding Value||SMSF Loan||3 Year Fixed||Beyond Bank|
|Outstanding Value||SMSF Loan||5 Year Fixed||Beyond Bank|
In addition to offering the all-important competitive interest rates, Beyond Bank also offers an array of product features, including the following:
- Both individual and company trustees are eligible
- Refinancing is available
- Additional borrowing is available
- 80% LVR with corporate and corporate directors guarantee
- Ability to use rental income to assess the serviceability of the loan
- Employer SG and voluntary contributions can be made
- Ability to make additional and lump sum repayments
- Fee free split facility
- 90 day home loan pre-approval
About Beyond Bank
Beyond Bank is a mutual bank and in fact it is one of Australia’s largest customer-owned banks, with more than 200,000 customers and 50 branches. Beyond Bank began its story life as the Community CPS Australia credit union. It is based in South Australia, the ACT, WA and NSW and the customer service call centre is locally based.
Beyond Bank has a team of financial planners who can provide advice on investment management, superannuation, retirement planning, personal insurance, estate planning and transitioning to aged care.
When it comes to superannuation, Beyond Bank offer a handy superannuation calculator.