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ISCOVER
Jessica Darnbrough
As investors increasingly seek to take control of their financial future one of Australia's biggest non-banks has launched a new SMSF product.
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Yesterday, RESIMAC launched its first SMSF product to aid those who wish to purchase or refinance an existing residential investment property through their self-managed super fund.
According to RESIMAC’s chief operating officer Allan Savins, the product has a maximum LVR of 80 per cent and comes with no application, monthly or annual fees.
“The ATO states SMSFs are the largest and fastest growing sector of the superannuation industry and as a result we are seeing a rapid increase in SMSFs looking to borrow and purchase residential investment properties,” he said.
“RESIMAC has worked closely with its business partners to develop new and innovative products and a competitive SMSF product was at the top of the wish list”.
Mr Savins said the product has a maximum LVR of 80%, Interest Only available from one to ten years, up to six free loan splits, no application fee and no annual or monthly fees.
“The RESIMAC BDM, lending and dedicated broker scenario line staff have all undergone extensive SMSF training and will be on hand to assist with any enquiries,” Mr Savins said.
