Compare SMSF Loans

These are loans a self-managed super fund can take out under a limited recourse borrowing arrangement, as each lender publishes them. 7 loans are listed below from 6 lenders, showing the published interest rate, the comparison rate where the lender publishes one, and the main establishment and ongoing fees, and rates start from 7.64% p.a. with BNK Bank’s Commercial SMSF Loan.

Rates checked against providers’ own published data on 24 Oct 2026

Last updated 24 Oct 2026 · Who wrote this

Written by Joshua PevyReviewed by Jordan PearceLast updated 24 Oct 2026How We Rank This PageEditorial StandardsOur Writers

For business use. These products are for business purposes. If you are borrowing or saving for yourself, or for an investment property you own personally, compare Home Loans, Personal Loans and other personal products instead.

General advice warning. This information is general in nature and does not take into account your fund’s objectives, financial situation or needs. Before acting on it, consider whether it is appropriate for your fund, read the lender’s terms and any Target Market Determination, and consider getting advice from a licensed adviser.

Comparing 7 loans

		Comparison rate	Establishment fee	Ongoing fee
BNK Bank	Interest rateFrom 7.64%	Comparison rateNot published	Establishment feeNot stated	Ongoing fee$395 a year	SMSFVariable, principal and interest, investmentFeatures: Rates priced to 80% LVR	The Gold Commercial Self Managed Super Fund (SMSF) Loan is designed to provide loans to authorized Australian Self-Managed Super Funds for the purpose of purchasing or refinancing commercial…
RedZed	Interest rateFrom 7.75%	Comparison rateNot published	Establishment feeNot stated	Ongoing fee$25 a month	SMSFVariable, principal and interest, investmentFeatures: Borrow $100,000 to $3,000,000LVR up to 75%	RedZed's Commercial SMSF Loan
ORDE Financial	Interest rateFrom 7.79%	Comparison rate8.11%*	Establishment feeNot stated	Ongoing feeNot stated	SMSFVariableFeatures: Borrow $100,000 to $5,000,000Rates priced to 80% LVR	The ORDE Commercial SMSF Prime product provides a flexible and future-focused loan solution for applicants looking to acquire commercial property within their self managed super fund portfolio. ORDE…
MA Money	Interest rateFrom 7.89%	Comparison rateNot published	Establishment fee$0	Ongoing fee$25 a month	SMSFVariable, principal and interest, owner occupiedFeatures: Borrow $100,000 to $2,500,000LVR up to 80%	MA Money SMSF commercial mortgage for eligible Self Managed Superannuation Funds purchasing or refinancing commercial property.
Liberty Financial	Interest rate7.90%	Comparison rateNot published	Establishment feeFrom $795	Ongoing fee$30Period not stated	SMSFVariable, principal and interest, investmentFeatures: Borrow $100,000 to $4,000,000LVR up to 80%	Commercial SMSF loans
Bluestone Home Loans	Interest rate7.99%	Comparison rate8.28%*	Establishment fee1.00% of the loan amount	Ongoing fee$15 a month	SMSFVariable, principal and interest, investmentFeatures: Borrow $100,000 to $3,000,000
ORDE Financial	Interest rateFrom 8.54%	Comparison rate8.87%*	Establishment feeNot stated	Ongoing feeNot stated	SMSFVariableFeatures: Borrow $100,000 to $5,000,000Rates priced to 75% LVR	ORDE’s solution-focused Commercial SMSF Near Prime product is designed to support applicants acquiring commercial property within their self managed super fund portfolio across more complex…

Comparison rate warning

*Warning: the comparison rate shown is calculated by the lender on its own example. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Products are selected for relevance to the listing and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.

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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

Loans are listed by interest rate, lowest first, unless you choose another order. A loan whose rate is lower is not necessarily cheaper: fees, the comparison rate and the loan terms all affect the cost. We do not compare every business loan available in Australia, and this listing does not compare every feature that may be relevant to your business. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.

Visit Site on a product takes you to the lender’s own website. Any application is made with the lender, on its terms, and the lender decides whether to offer you credit.

This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s terms and conditions or credit contract terms, and any Target Market Determination or key facts document it publishes, before deciding. CompareThat compares products. We do not arrange, approve or process applications.

The figures here come from the rates, fees and features each provider publishes under the Consumer Data Right. A provider may not publish every fee, charge or condition that applies, and its own documents set out the full terms.

What an SMSF loan is

A self managed super fund is generally not allowed to borrow. One of the exceptions in superannuation law is a limited recourse borrowing arrangement, or LRBA, under section 67A of the Superannuation Industry (Supervision) Act 1993. The SMSF loans on this page are loans made under that kind of arrangement, and they work differently from any other loan on the site.

The fund’s trustee borrows. The borrower is the trustee of the SMSF, whether that is the individual trustees or a corporate trustee, acting for the fund.
The asset is held in a separate trust. The asset bought is held in a holding trust, often called a bare trust, separate from the fund. The fund has the beneficial interest in it, receives the income it earns, and has the right to take legal ownership once the loan is repaid.
Recourse is limited to the asset. Any rights the lender, or anyone else under the arrangement, has against the fund’s trustee are limited to the asset. If the loan defaults, the fund’s other assets are protected.

The rules on what an SMSF can borrow for

Superannuation law sets out what the borrowed money can be used for, and the ATO publishes guidance on each rule.

A single acquirable asset. The loan must be used to buy one asset, or a collection of identical assets with the same market value that can be treated as one. It can also pay the costs of the borrowing and the purchase, such as loan establishment costs and stamp duty, and the cost of maintaining or repairing the asset.
No improvements. Borrowed money cannot be used to improve the asset, and the asset can be replaced by another only in limited circumstances.
No other charge. The asset cannot be subject to any other mortgage or charge apart from the one for the borrowing.
Business real property since 10 August 2026. An LRBA entered into on or after 10 August 2026 to buy real property must be for business real property: land and buildings used wholly and exclusively in one or more businesses, such as an office, shop or warehouse a business operates from. The property must stay business real property for the life of the loan. The change does not apply to an LRBA entered into before that date, to the refinance of one, or to a purchase under a binding contract exchanged before that date. Residential property that is not business real property can no longer be financed under a new LRBA.
Arm’s length terms. A loan from a related party, such as a member, must be on terms consistent with a loan between unrelated parties, and the ATO publishes safe harbour terms for those loans in Practical Compliance Guideline PCG 2016/5.

Super law also requires any borrowing to be consistent with the fund’s investment strategy and permitted by its trust deed.

What the costs include

The listing shows the interest rate, the comparison rate where the lender publishes one, and the main establishment and ongoing fees, with each lender’s maximum loan-to-value ratio in the product details where it states one. SMSF loans can be variable or fixed, and principal and interest or interest only, and lenders often publish each as a separate rate.

Beyond the loan itself, an LRBA has set-up and running costs of its own: establishing the holding trust and, often, a company to act as its trustee, legal and valuation fees, stamp duty on the purchase, and the fund’s ongoing administration and audit. This page lists SMSF loans a lender publishes for commercial or business property, and SMSF property loans that are not limited to one kind of property where the lender publishes a comparison rate, because a loan of that kind can be regulated consumer credit. A product for residential property is not listed, because a new LRBA can no longer be used to buy residential property that is not business real property, although an arrangement entered into before 10 August 2026 can still be refinanced. Lenders that publish no rate, or that price SMSF loans only on application, are not listed either.

General information only

This page describes SMSF loans and the rules that apply to them. It is general information, not financial or credit advice, and it does not take into account any fund’s objectives, financial situation or needs. Whether an SMSF borrows is a decision for its trustees, having considered the fund’s circumstances, read the lender’s terms and any Target Market Determination, and sought advice from a licensed adviser. The ATO’s guidance on limited recourse borrowing arrangements sets out the rules in full.

The guide to business loans and overdrafts covers commercial property lending more broadly, and ordinary business premises loans are on the Commercial Property Loans page.

CompareThat is a comparison service, not a lender or broker, and we do not compare every SMSF loan available in Australia.

Expert view

“An SMSF loan is two arrangements at once, a loan and a holding trust, and the costs of both belong in any comparison. The asset rules changed in August 2026, so the date an arrangement was entered into, or a contract exchanged, now decides which rules apply.”

Jordan Pearce

Senior finance writer, CompareThat

Glossary

The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.

Term	What it means
Self managed super fund (SMSF)	A super fund with no more than six members, whose members are generally also its trustees or the directors of its corporate trustee.
Limited recourse borrowing arrangement (LRBA)	The arrangement under section 67A of the Superannuation Industry (Supervision) Act 1993 that lets an SMSF borrow to buy a single acquirable asset.
Holding trust	The separate trust, often called a bare trust, that holds the asset bought under an LRBA until the loan is repaid.
Single acquirable asset	One asset, or a collection of identical assets with the same market value treated as one, which is all an LRBA can be used to buy.
Business real property	Generally, land and buildings used wholly and exclusively in one or more businesses. Since 10 August 2026, the only real property a new LRBA can buy.
Limited recourse	A limit on the lender’s rights to the asset bought, so the fund’s other assets are protected if the loan defaults.
Related party	A member of the fund, a relative or business partner of a member, an entity they control or influence, or an employer that contributes to the fund for a member, and that employer’s associates. A loan from one must be on arm’s length terms.
Target Market Determination (TMD)	A document the issuer of a product covered by the design and distribution obligations prepares, describing the customers the product is designed for.

Common questions

What is a limited recourse borrowing arrangement?

An arrangement under section 67A of the Superannuation Industry (Supervision) Act 1993 that lets an SMSF trustee borrow to buy a single acquirable asset, held in a separate holding trust. The fund has the beneficial interest and can take legal ownership once the loan is repaid, and the lender’s recourse is limited to that asset.

Can an SMSF still borrow to buy residential property?

An LRBA entered into on or after 10 August 2026 to buy real property must be for business real property, which residential property generally is not. The change does not apply to an LRBA entered into before that date, to the refinance of one, or to a purchase under a binding contract exchanged before that date.

What is business real property?

Generally, land and buildings used wholly and exclusively in one or more businesses. The ATO’s ruling SMSFR 2009/1 sets out its view, including when farmland with a dwelling on it can qualify.

Can borrowed money be used to renovate the property?

No. Money borrowed under an LRBA can be used to buy the asset, to pay the costs of the borrowing and the purchase, and to maintain or repair the asset, but not to improve it.

Who is the borrower on an SMSF loan?

The trustee of the fund, whether that is the individual trustees or a corporate trustee, acting for the fund. The asset is held in the holding trust until the loan is repaid.

What costs come with an SMSF loan besides interest?

The lender’s establishment and ongoing fees, plus the costs of the arrangement itself: setting up the holding trust and often a company to act as its trustee, legal and valuation fees, stamp duty on the purchase, and the fund’s ongoing administration and audit.

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We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.

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Sourced from each provider’s CDR Product Reference Data, refreshed daily.
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General information, not credit advice. CompareThat compares; it does not recommend.

Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.