If you’ve taken out a property loan through your Self-Managed Super Fund (SMSF), it’s time to check in: Has your SMSF loan interest rate increased quietly in the background? If you haven’t reviewed it lately, you could be paying more than you need to—and those extra dollars add up quickly inside your super.
Why SMSF Loan Rates Are Often Overlooked
Unlike your home loan, an SMSF loan interest rate can often be “set and forget.” You sort the loan, the repayments tick along, and because it’s tied to your superannuation, it might not be front of mind in your day-to-day finances.
But lenders can and do increase interest rates on SMSF loans. These changes aren’t always as publicised or obvious as standard mortgage rate hikes. They might slip through quietly, costing you thousands over the life of your fund.
Three Signs You Should Review Your SMSF Loan
- You haven’t checked it in over 12 months – Rates change, and better deals may now be available.
- Your super’s cashflow is tighter – A rate rise might be the hidden culprit.
- You’re paying more than 7% interest – Many SMSF loans are still sitting above market-average rates, especially those set up a few years ago.
What You Can Do
- Get a comparison – A mortgage broker who specialises in SMSF loans can compare your current loan against other lenders.
- Negotiate with your current lender – If your SMSF loan interest rate is above the current market rate, ask for a review.
- Consider refinancing – It might be time to move your SMSF loan to a more competitive lender.
Don’t Let Lazy Interest Rates Eat Your Super
Your superannuation is one of your biggest long-term assets. Letting your SMSF loan interest rate creep up unnoticed could impact your retirement goals. A quick check now could result in significant savings—and peace of mind.
Need help reviewing your SMSF loan interest rate? We can help you check whether you’re still on the best deal for your fund and future. Contact us today to book a free loan health check.