Mostly not the big banks. SMSF lending sits largely with non-bank and specialist lenders, and several reach borrowers only through brokers. Since 10 August 2026 the products that matter are for business real property and for refinancing existing residential arrangements.
Current as at September 2026.
Quick answer: mostly not the big banks. SMSF lending in Australia sits largely with non-bank and specialist lenders, and since 10 August 2026 the products that matter are the ones for business real property and for refinancing existing residential SMSF loans. Below is what the lenders that publish SMSF products say about themselves, taken from their own websites in September 2026. No rates, because rates on SMSF loans move and depend on the fund, and any figure printed here would mislead.
One rule for reading this page: these are lenders that publish a product, listed so you know the market exists. None of them is a recommendation. Which lender, if any, suits a particular fund is a credit assessment.
Why the big four aren’t the answer
Ask a big four branch about an SMSF loan and in our experience you’ll be told they don’t offer one. NAB’s product with “super” in the name, NAB Super Lever, is a margin lending facility for shares, ETFs and managed funds. It isn’t property finance.
The reason is structural. An SMSF loan is limited recourse: the lender can only take the one asset in the holding trust if things go wrong. It needs a fund as borrower, a separate trustee holding title, and a lot of compliance paperwork. The big banks have largely left it to specialist lenders, who built products around it.
Which lenders publish SMSF products?
What follows is from each lender’s own page. We’ve kept it to what’s published.
Pepper Money. SMSF loan listed under commercial lending. The published eligibility criteria include a minimum net asset requirement for the fund of $150,000 at the time of application.
Firstmac. Publishes SMSF loans from $50,000 to $2,000,000, at up to 80% of the property value, for residential or commercial security. After 10 August the residential side of that can only apply to refinancing an existing LRBA.
Granite Home Loans. Publishes SMSF lending at up to 80% on eligible business real property, and says on its page that it doesn’t perform ongoing liquidity re-tests and has no ongoing net asset covenant.
Liberty. Publishes SMSF loans for residential or commercial property at up to 80% of property value.
There are others. Lender panels change, products get withdrawn, and a page that was live in September may not be in December. If a lender you’ve heard of isn’t listed, it’s only because we didn’t check its page for this article.
What they all ask about
Book a time with a Loan Lounge broker — no cost, no obligation.
The products differ but the questions don’t.
Fund balance. Lenders set a floor, and $150,000 net assets (Pepper’s published figure) gives you a sense of the level, because a fund that’s borrowing needs enough left over to keep operating as a super fund and not just as a landlord.
Liquidity after settlement. Lenders want the fund to have cash left after the purchase to cover repayments if rent stops. How much, and whether they re-test it later, is where lenders differ most. Granite’s “no ongoing liquidity re-tests” line is there because some lenders do re-test.
LVR and loan size. Eighty percent is the ceiling that appears most often for commercial. Minimums vary, and Firstmac publishes a $50,000 floor.
Servicing. Member contributions plus rent against repayments, with a margin. Lenders look at the contribution history and, for business real property, the lease.
Paperwork. Fund trust deed, holding trust deed, investment strategy, fund financials and returns, the contract, and for related-party business real property, evidence the rent is at market.
What are these products for now?
Two uses. Business real property purchases, where the fund borrows to buy commercial premises, often the ones a member’s business runs from. And refinancing existing residential LRBAs entered before 10 August, which the ATO lists as unaffected by the change.
Some lender pages still describe residential SMSF loans without qualification. Read those as refinance products now. A new residential LRBA entered on or after 10 August 2026 isn’t permitted, and no lender can write one.
What a broker adds
Access, mostly. Several of these lenders work through the broker channel rather than direct, so a broker is how you reach them. Then the matching: knowing which lender’s liquidity policy, minimum balance and security appetite fit the fund in front of us, before an application goes anywhere. Then the file itself, which on an SMSF loan is more paperwork than any other residential or commercial deal we do, and we run it alongside your accountant and adviser.
If you’ve got an existing SMSF loan that hasn’t been looked at since it was written, or a business that pays rent to a landlord and a fund that could own the building, call 02 9037 2825.
This page is general information current as at September 2026. It lists lenders that publish SMSF products and does not recommend any lender or product. Lender criteria change without notice. Whether an SMSF or property within it suits you is a matter for a licensed financial adviser and your accountant.
Frequently Asked Questions: Which Lenders Offer SMSF Loans? A Broker’s Comparison
Do the big four banks offer SMSF loans?
In our experience they generally do not for property. NAB’s product with super in the name is a margin lending facility for shares and managed funds.
What do SMSF lenders require?
A minimum fund balance, cash left in the fund after settlement, a maximum loan to value ratio commonly around 80%, and the fund’s deed, holding trust deed and investment strategy.
Can I go to an SMSF lender directly?
Several work through the broker channel rather than direct, so a broker is how you reach them.
Further reading: the government’s Moneysmart guidance on self-managed super funds.
Related reading
- SMSF Lending Isn’t What Your Bank Says It Is
- SMSF Loans Explained: How They Actually Work After 10 August 2026
- Can You Use Your Super to Buy a House?
- More on SMSF lending
Book a broker or find a broker near you. Or call the Burwood office on 02 9037 2825.
General information only. This article does not take your objectives, financial situation or needs into account, and is not financial product, tax or legal advice. Lending criteria, fees and rates vary by lender and change without notice. Loan Lounge, Australian Credit Licence 515608.