Bluestone Home Loans has slashed the interest rates for its self-managed superannuation fund (SMSF) residential loans.
Effective today, the new rate for SMSF residential variable loans are as follows:
- 5.89% for loans ≤60% LVR – a decrease of 0.4%
- 6.09% for loans ≤70% LVR – a decrease of 0.4%
- 6.59% for loans >70% LVR – a decrease of 0.1%
“Bluestone’s SMSF residential loan launched in October, and we’re already receiving great feedback from brokers about our turnaround times and simple application process through ApplyOnline,” said James Angus, chief customer officer at Bluestone Home Loans. “Our underwriting team currently picks up an SMSF application within hours of it being lodged, and the average time to conditional approval is only one business day.
“With existing SMSF loans commonly sitting around 8%, this is a great time for brokers to look at refinancing,” Angus said. “As we head into 2023, we’re aiming to broaden the pool of brokers writing SMSF loans with Bluestone and constantly looking for ways to improve the broker experience. Backed by a team with 15 years of SMSF loan experience, our focus will continue to be on education and compliance. Since launching our SMSF product we’ve run dozens of in-person and virtual workshops around the country to provide one-on-one support to brokers.”
Find out more about Bluestone SMSF residential loans here.
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