Savings extended and
what’s changed for SMSF loans
Here are some changes you need to know, effective 21 August 2026.
Give your clients one less cost to think about
Super Easy SMSF Refi option with no app fee
SMSF lending has changed, but refinancing opportunities remain.
For clients facing high rates or rolling off an interest-only period, our Prime Super Easy SMSF Refi loan offers eligible clients serviceability assessment based on the last 6 months' repayment history². Plus, there's no application fee for residential securities until 11 November 2026³.
Navigate SMSF lending changes with confidence
Recent changes to SMSF lending mean it's more important than ever for SMSF clients to understand which property types remain eligible for borrowing. We're updating our acceptable SMSF securities criteria to align with the definition of business real property.
From 10 August, we’ll accept:
- Commercial single title properties
- Offices
- Industrial properties
- Retail premises
- Registered boarding/rooming houses*
- Residential properties used 100% for commercial purposes
Why we’re making these changes:
- From 10 August 2026, SMSF lending must meet the definition of business real property. This means the property must be used wholly and exclusively for business purposes and must remain so for the life of the limited recourse borrowing arrangement (LBRA).
- This change doesn’t impact existing LRBAs or contracts exchanged before 10 August 2026, even if settlement takes place after this date. Refinance of existing LRBAs before 10 August 2026 are still allowed for residential or commercial securities Find out more
Still here, still worth talking about
Need a home loan application update? It's all at your fingertips.
Important information
Information is correct as of 21 August 2026 and is subject to change.
Information provided is factual only and isn’t intended to imply any recommendation about any financial product(s) and or constitute tax advice. It’s recommended that clients obtain independent legal, financial and tax advice.
SMSF lending is available for corporate trustees only where the SMSF is ATO compliant. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
*Subject to credit assessment and eligibility of business use and operating structure.
© Pepper Money Limited ABN 55 094 317 665; AFSL and Australian credit licence 286655 is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647.
1Promotion applies to new Prime Home Loan (Full Doc) residential purchase applications in Cat 1 & 2 locations up to 80% LVR for loan amounts up to $2.5M, and 80%-90% LVR for loan amounts up to $1.5M. If the property type is a unit, then it must be ≥ 40SQM. Applications must be submitted and conditionally approved between 12:00am AEST 1 April 2025 and 11:59pm AEDT 12 November 2026 (Promotion Period).
2Super Easy SMSF refinance applications require the following: corporate trustee applicants; the same loan amount (plus loan set-up fees); a proposed repayment that is lower than the current SMSF loan repayments; demonstrated satisfactory repayment conduct (shown through 6 months of SMSF loan bank statements); and confirmation that the SMSF is currently compliant with the ATO.
3Application Fee promotion applies to eligible new Prime Seriously Simple SMSF Refi applications, with a residential security. Applications must be submitted and conditionally approved between 12:00am AEST 15 April 2025 and 11:59pm AEDT 12 November 2026. Applications lodged after the Promotion period will be offered the application interest rate, fees and credit policy then applicable. Promotions are subject to change and may be varied or withdrawn at any time. Refer to the rate card for our full range of interest rates and fees.
