Help us improve our website by completing a quick survey. Start survey now

Self-managed super funds

About self-managed super funds

A self-managed super fund (SMSF) can give you greater control over your retirement savings. It lets you choose which assets to invest in while enjoying the relative tax benefits available to complying superannuation funds. An SMSF is generally only suitable for people with significant assets to invest, both in property and share markets.

CommBank’s SuperGear is a means of further maximising those investments.

What is SuperGear?

  • A lending facility that integrates with an existing, complying SMSF
  • It lets SMSF trustees borrow funds to buy a residential, rural or commercial investment property for the SMSF
  • It also lets the trustees refinance an existing SIS Act*- compliant SMSF investment property loan

Read the Product Information Booklet or Investor flyer to learn more. 

SuperGear features

  • Competitive lending rates, loan-to-valuation ratios (LVR) and loan terms
  • Fully compliant with the SIS Act and applicable taxation acts
  • Provides the opportunity to acquire higher-value and better-quality assets through gearing
  • Provides the opportunity to diversify an investment portfolio
  • Provides the opportunity to accelerate wealth accumulation. You can use the SMSF’s tax and interest rate savings to pay off the loan and build equity in the asset faster

SuperGear funding criteria

  • Minimum fund size: Net assets of at least $200,000
  • Minimum loan amount: $200,000
  • Maximum loan term: 30 years for residential, 15 years for rural and commercial
  • Maximum LVR: 80% for residential; 65% for commercial; 60% for rural
  • Interest Coverage Ratio: 125%
  • All SMSF members must be in the accumulation and not pension phase when the SuperGear loan commences. 

Related products

Life insurance

Life insurance

Protect your business against the unexpected death or serious injury of a principal with CommBank’s Total Care Plan range.

Learn more

FirstChoice Employer Super

FirstChoice Employer Super is a simple and cost-effective superannuation solution for small to medium business owners and their employees.

Learn more

Important information

*Superannuation Industry (Supervision) Act 1993 (Cwlth) and Regulations.

View the latest and most up to date version of the Product Information Booklet (PIB). The SuperGear lending facility is not a financial product as defined and described within Chapter 7 of the Corporations Act 2001 (Cwlth). Also, the information contained here does not take into account the investment objectives, financial situation and needs of any particular individual or self-managed superannuation fund. Because of that, you should assess with the help of legal, financial and taxation advice, whether the information is appropriate in light of your own circumstances before acting on it. Information on taxation is based on current laws and their interpretation. Only investors who fully understand the risks associated with gearing into investments should apply. All applications for the SuperGear lending facility are subject to the Commonwealth Bank’s credit approval process. Fees and charges apply.

The offer or invitation to commence a SuperGear lending facility is only available to persons receiving the PIB (whether in paper or electronic form) within Australia, who are Australian residents and who provide an Australian address for service when making their application to commence a SuperGear lending facility. SuperGear applications which do not specify an Australian address for service or which are accompanied by payment drawn from a foreign bank account may be rejected and returned.

The PIB itself is not an offer or invitation in relation to a loan. Applications for a SuperGear lending facility can be made to the Commonwealth Bank and may be accepted or rejected by the Commonwealth Bank in its absolute discretion.

You should read the PIB in full before deciding whether to use the arrangements offered by SuperGear to invest in real property having regard to amongst other things investment objectives and financial circumstances, and the merits and risks involved in the investment. You should seek your own professional advice in assessing the appropriateness of using the arrangements offered by SuperGear to invest in real property.