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Loan application training (Simpology V2)
Learn how to apply and lodge applications using Granite’s broker digital loan application platform, powered by Simpology V2 with Loanapp 2.0.
Training guides
Explore step-by-step training guides for the Granite Simpology Loanapp V2 experience.
Learn how to use digital service automations
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Docusign
SMSF Loan Applications
How to set up an SMSF application in Loanapp V2
What is an SMSF Loan?
A Self-Managed Super Fund (SMSF) loan allows an SMSF to borrow funds to purchase an investment property through a Limited Recourse Borrowing Arrangement (LRBA).
Under an LRBA, the lender’s recourse is generally limited to the property held within the borrowing arrangement and does not extend to the SMSF’s other assets in the event of default.
Due to the legal structure required under superannuation legislation, SMSF applications involve multiple entities and a more complex applicant structure than a standard residential mortgage application. Correctly configuring these entities in Loanapp V2 is critical to ensure accurate lender assessment and successful application submission.
Understanding the Applicant Structure
A typical SMSF application in Loanapp V2 consists of the following entities:
| Applicant | Entity Type | Role in Application |
| Pty Ltd Company (SMSF Trustee) | Company | Primary Borrower |
| SMSF Trust | Trust | Co-Borrower |
| Pty Ltd Company (Bare Trustee) | Company | Guarantor + Security Holder |
| Bare/Security/Custodian Trust | Trust | Guarantor |
| Individual Members (e.g. Mr & Mrs Smith) | Person | Guarantor/s |
Step-by-Step: Entering the Application in Simpology V2 (Loanapp 2.0)
Follow each step in order. Do not skip ahead — the applicant structure must be complete before entering financial details.
| Step | Action | Key Requirement |
| 1 | Enable SMSF Toggle | In the Setup screen, toggle SMSF to YES before anything else |
| 2 | Add SMSF Trustee (Pty Ltd) | Set as Primary Borrower |
| 3 | Add SMSF Trust | Set as Co-Borrower |
| 4 | Add Bare Trustee (Pty Ltd) | Set as Guarantor |
| 5 | Add Bare Trust | Set as Guarantor |
| 6 | Add Individual Person(s) | Individual SMSF members — set as Guarantors |
| 7 | Complete Entity Details | Fill in all Company/Trust detail screens; link trustees to entities |
| 8 | Complete Personal Details | Person Applicant and super contributions (not required for Easy Refi) |
| 9 | Add Security Property | Ownership must be 100% to the Bare Trust Company |
| 10 | Confirm Loan Details | Verify Primary Borrower (Pty Ltd) is listed as the Borrower |
Step 1: Enable the SMSF Toggle
When creating a new application, you will first be presented with the Setup screen. This is where the high-level application details are configured, including the application title, loan amount, and anticipated settlement date.
⚠ Important: Toggle the SMSF question to YES before adding any applicants. This activates SMSF-specific fields and logic throughout the application.
📷 Screenshot: Setup screen — SMSF toggle set to YES (Click image to enlarge)
Step 2: Add the Primary Borrower — Pty Ltd Company (SMSF Trustee)
The Primary Borrower is the Pty Ltd company that acts as Trustee for the SMSF.
- Click Add Applicant and select Company
- Enter the full registered company name
- Set the borrower type to Primary Borrower
✓ Tip: You can use the company ABN Lookup feature – if this is the correct company, the lookup result will show it as an ATO Regulated SMSF — a useful confirmation you have the right entity.
Step 3: Add the Co-Borrower — SMSF Trust
The next applicant to be added is the SMSF Trust, which represents the superannuation fund itself.
- Click Add Applicant and select Trust
- Enter the SMSF entity name (e.g. “Smith Family Superannuation Fund”)
- Set the borrower type to Co-applicant
Step 4: Add the Guarantor - Bare Trust Pty Ltd Company
The next applicant to be added is the Bare Trust Pty Ltd Company, which acts as the trustee of the Bare (Security/Custodian) Trust. This entity is responsible for legally holding the security property on behalf of the SMSF structure during the loan term.
- Click Add Applicant and select Company
- Enter the registered company name for the Bare Trust trustee
- Set the borrower type to Guarantor
⚠ Security Property Ownership: This Bare Trust Pty Ltd company is the entity that will be set as the 100% owner of the security property in Step 9.
Step 5: Add the Guarantor — Bare/Security Trust
The Bare Trust (also referred to as the Security Trust or Custodian Trust) holds legal title to the property on behalf of the SMSF until the loan is fully repaid.
- Click Add Applicant and select Trust
- Enter the name of the Bare Trust entity
- Set the borrower type to Guarantor
Step 6: Add the Person Guarantors (SMSF Members)
The individual members of the SMSF are added as personal guarantors for the loan. Depending on the SMSF structure, there may be one or multiple member guarantors.
- Click Add Applicant and select Person Applicant
- Enter full name of each member (more personal details at Step 7)
- Set each person’s borrower type to Guarantor
- Repeat for each member of the SMSF
Once all applicants have been added, your application structure screen should show all five parties listed. You are now ready to complete the detail for each entity.
📷 Screenshot: Full applicant structure — all applicants listed (Click image to enlarge)
Step 7: Complete the Entity Details (Companies and Trusts)
You must complete the detail screens for each of the four entity applicants. Navigate to each entity in turn:
Primary Borrower Company (SMSF Trustee)
- Complete the entity details for the trustee company
- Add Directors (these should match your Person Applicant Guarantors)
📷 Screenshot: Primary Borrower company details screen with Directors/Shareholders
(Click image to enlarge)
SMSF Trust
- Enter trust details (including date established)
- Select SMSF for Trust Purpose
- Set the Trustee to the Primary Borrower Company
📷 Screenshot: SMSF Trust details screen — Trustee linked to Company, Beneficiaries listed (Click image to enlarge)
Bare Trustee (Guarantor)
- Find the trustee company with the use of ABN Lookup
- Add Directors — these should match the Person Applicant Guarantors
📷 Screenshot: Bare Trust Company details screen with Directors/Shareholders
(Click image to enlarge)
Bare/Security/Custodian Trust (Guarantor)
- Enter trust details
- Select Bare Trust for Trust Purpose
- Set the Trustee to the Bare Trust Company (Guarantor company)
📷 Screenshot: Bare Trust details screen — Trustee linked to Bare Trust Company
(Click image to enlarge)
✓ Completion Check
When all entity detail screens are complete, the Applicants panel will display a green tick against each applicant. If any applicant still shows a warning icon, click into their screen to identify and complete the missing fields.
📷 Screenshot: All applicants with green completion ticks (Click image to enlarge)
Step 8: Complete Personal Details and Superannuation Contributions
Navigate to the Financial Position page for each applicant. The level of detail required varies by entity type:
Super Contributions (not required for Easy Refi)
For each Person Guarantor, you must enter the superannuation contributions being made to the SMSF (if applicable). This is entered in the Income section under Other Income:
- Go to the Person Applicant’s Financial Position screen
- Navigate to the Income section
- Select Other Income
- Add Super Contributions with the annual contribution amount
📷 Screenshot: Income screen — Other Income section for super contributions
(Click image to enlarge)
Step 9: Add the Security Property
When entering the security property, ownership must be assigned to the Bare Trust Company — not the SMSF Trust or the individual guarantors.
- Navigate to the Security section
- Enter the property address and type
- Set Ownership to the Guarantor Pty Ltd Company (Bare Trustee) at 100%
- Add expected rental income if the property will be tenanted
📷 Screenshot: Security property screen — ownership set to Bare Trust Company at 100%
(Click image to enlarge)
Step 10: Confirm Loan Details and Borrower
In the Loan Details section, confirm that the Primary Borrower (SMSF Trustee) is recorded as the Borrower for the application.
- Navigate to Loan Details
- Verify the Borrower field shows the Pty Ltd SMSF Trustee Company
- Check product selection is SMSF-specific
📷 Screenshot: Loan Details screen — Primary Borrower Pty Ltd confirmed as Borrower
(Click image to enlarge)
Extended Home Loan Product
Serviceability Calculator and Loanapp Guide
- Loanapp 2.0 Guide: 40-Year Extended Home Loan
- Loanapp 2.0 Guide: 40-Year Extended Home Loan (Construction specific)
Step-by-Step: Entering the Application in Simpology V2 (Loanapp 2.0)
Follow each step in order. Do not skip ahead. Note the 40-year term is to be entered within the Product section, which within the LOAN & SERVICEABILITY tab.
Step 1: New Application Setup Section
When creating a new application, you will be presented with the Setup screen. Within the Setup section, select the appropriate loan purpose from the ‘Primary lending purpose’ drop-down menu.
- Purchase – Existing Dwelling,
- Purchase – New Dwelling or
- Refinance
Leave all other setup fields set to No.
Enter the “Total Loan Amount” provided as an output from the Serviceability calculator “Total Loan Amount” calculation.
⚠ Important: Toggle the SMSF question to YES before adding any applicants. This activates SMSF-specific fields and logic throughout the application.
📷 Screenshot: Setup screen — New Application Setup Section (Click image to enlarge)
Step 2: Fill in the applicant details and the financial position details.
APPLICANTS
Fill in the applicant details and the financial position details.
✓ Tip: You can use the company ABN Lookup feature where the applicant is a company structure.
Step 2a: Additional Refinance information
If the applicant is refinancing, please ensure that within the Assets section the property being refinanced is filled in as follows:
Click “Property”:
📷 Screenshot: Setup screen — Asset Setup Section (Click image to enlarge)
From the Transaction drop-down menu, select Owns Existing Mortgage
Input the Property Address.
📷 Screenshot: Setup screen — Asset Setup Transaction Details Section (Click image to enlarge)
Populate the ‘Property asset’ fields.
Select Yes for:
- To be used as security?’
- ‘Primary security?’ (if applicable)
Click Add + next to ‘Linked Liabilities’
📷 Screenshot: Setup screen — Property Details Setup Section (Click image to enlarge)
Click ‘Add new home loan’ and choose relevant Security Priority from the drop-down options.
📷 Screenshot: Setup screen — Liabilities Details Setup Section (Click image to enlarge)
- Input the required Home loan details.
Ensure that:- Account number is populated
- Select Yes for ‘Clearing balance on settlement?’ and ‘Clearing from this loan’
📷 Screenshot: Setup screen — Home loan Details Setup Section (Click image to enlarge)
Step 2b: Loan & Serviceability Tab
LOAN & SERVICEABILITY tab
Fill in the required property details for the assessment:
Please note for the following fields:
- ‘Transaction’:
- Purchase – Purchasing
- Refinance – Owns Existing Mortgage
- – ‘Security Property Details’
- Ensure that ‘Purpose’” field is set to Owner Occupied or Investment to match the security property use.
📷 Screenshot: Setup screen — Property Details Setup (Click image to enlarge)
After exiting this modal, fill in the rest of the required details in the Property details section.
Note: Contract Price Amount only applicable for Purchases
📷 Screenshot: Setup screen — Property Details – Contract Information Setup (Click image to enlarge)
Step 3: Loan Requirement setup
- Navigate to the Loan Requirements section and set the:
- ‘Primary loan purpose’ to either Owner Occupied or Investment Residential
- The ‘Primary lending purpose’
- ‘ABS lending purpose’ – The ABS code and lending purpose description aligned with it. Please choose which fits your primary lending purpose best.
📷 Screenshot: Setup screen — Loan Purpose Details Setup (Click image to enlarge)
Step 4: Select the product type section
In the Product section
- The ‘Interest type’ field should always be set as ‘Variable’
‘Interest only period (years)’:
- Owner Occupied – Up to 5 Years
- Investment – Up to 10 Years
Loan Term: Up to 40 years
Select the “Extended Owner Occupied/Investment Loan Variable” Product from the drop-down menu.
📷 Screenshot: Application Setup — Product information section (Click image to enlarge)
Loanapp 2.0 Guide: 40-Year Extended Home Loan (Construction specific)
Step 1: Select “Construction” from the Primary Lending Purpose drop-down menu.
For a construction loan:
- Select “Construction” from the Primary Lending Purpose drop-down menu.
- Select “Yes” under the “Construction?” setup field.
📷 Screenshot: Setup screen — Construction Details setup screen (Click image to enlarge)
Step 2: Fill in the applicant details and the financial position details.
Fill in the applicant details and the financial position details.
Loan & Serviceability Section
- Fill in the required property details for the assessment:
- Please note for the following fields:
- Transaction:
- Constructing on Existing Property – Owns/Owns Existing Mortgage
- Constructing New Property – Purchasing
- Security Property Details:
- Ensure that “Purpose” field is set to “Owner Occupied” or “Investment” matching the security purpose.
- Transaction:
- Please note for the following fields:
📷 Screenshot: Setup screen — Construction Details setup screen (Click image to enlarge)
Set “Construction?” to Yes. Click the 3 dots on the left of the Construction Details Box to input details.
📷 Screenshot: Setup screen —Choose constrcution screen (Click image to enlarge)
Choose Construction Type:
📷 Screenshot: Setup screen —Choose constrcution type screen (Click image to enlarge)
Fill in the required Construction and Builder Details.
📷 Screenshot: Setup screen — Construction Details screen (Click image to enlarge)
Step 2: Navigate to the Loan Requirements section and set.
Navigate to the Loan Requirements section and set:
Primary Loan Purpose: Owner Occupied or Investment Residential
Ensure the Primary Lending Purpose is aligned with Primary Lending Purpose chosen in Step 1.
📷 Screenshot: Setup screen — Loan Purpose Setup screen (Click image to enlarge)
Step 4: In the Product section, input: Interest Type: Variable
In the Product section, input:
Interest Type: Variable
You can input Interest Only periods in increments of 1 year. The minimum IO term for Construction loans is 1 year.
And the maximums for different loan purposes are:
- Owner Occupied – Up to 5 Years
- Investment – Up to 10 Years
Loan Term: Up to 40 years
Select the “Extended Construction Owner Occupied/Investment Loan Variable” Product from the drop-down menu.
📷 Screenshot: Setup screen — Preferred Product details screen (Click image to enlarge)
Video training
Overview and introduction to Simpology V2.
Responding to my Info Requests in Simpology V2. Click here to download the PDF guide.
Responding to info requests on behalf of someone else in Simpology V2
Simpology V2: Application Dashboard - Setting Columns. Click here to download the PDF guide.
Simpology V2: Application Dashboard - Setting Filters. Click here to download the PDF guide.
Troubleshooting: Common problems getting started with Simpology V2 (FAQs)
Loan application training (Simpology V1)
Entering SMSF Applications in Loanapp V1
An overview of SMSF structure (for LRBA and structure for LoanApp), step by step guide on how to enter into the system.
Conducted by Danielle from our Broker Support Team.
Need more info? Click here to find your Partnership Manager or Broker Support contacts.
How To respond to Lender’s Missing Information Requests (MIRs) in Loanapp V1
An overview of respond to missing information request via Simpology.
Conducted by Don from our Broker Support Team.
Need more info? Click here to find your Partnership Manager or Broker Support contacts.
Uploading Supporting Docs into Loanapp V1
An overview of how to upload supporting documents into Simpology.
Conducted by Don from our Broker Support Team.
Need more info? Click here to find your Partnership Manager or Broker Support contacts.
Broker Management Tool
Read our detailed guide to help you understand what's in the Granite Broker Management Tool and how to use it.
Granite Broker Management Tool Guide →Servicing Calculators
Standard Serviceability Calculator Guide for the 40-Year Extended Home Loan
Step 1: Open Granite Standard Serviceability Calculator and enter all required information into the first page
Open Granite Standard Serviceability Calculator and enter all required information into the first page.
📷 Screenshot: Setup screen — Serviceability Calculator Setup Screen (Click image to enlarge)
Step 2: On the “Product” Page, Select the “40 Year Extended Loan” within the dropdown.
On the “Product” Page, Select the “40 Year Extended Loan” within the dropdown.
📷 Screenshot: Setup screen —Select product and choose 40 year extended loan (Click image to enlarge)
Step 3: If this is a construction loan, tick “Is this a Construction Loan?”
If this is a construction loan, tick “Is this a Construction Loan?”
📷 Screenshot: Setup screen —If construction tick it (Click image to enlarge)
Step 4a: The calculator will display the Purchase Price (Security Value), Loan Amount and Risk Fee Amount.
The calculator will display the Purchase Price (Security Value), Loan Amount and Risk Fee Amount.
📷 Screenshot: Setup screen —display all amounts (Click image to enlarge)
Step 4b: Where the risk, Lenders Protection or Construction Risk Fee, tick the “Include Fees in Total Loan Amount” box.
Where the risk fees, Lenders Protection Fee (where non-construction) or Construction Risk Fee (where construction), will be amortised into loan, please tick the “Include Fees in Total Loan Amount” box.
The “Base LVR” value will reduce based on the permitted max “Total LVR” by borrower type.
📷 Screenshot: Setup screen —display all amounts (Click image to enlarge)
Step 5: In the “Loan Details” Section, enter the following information:
In the “Loan Details” Section, enter the:
- Repayment Type
- I/O Term
- Owner Occupied – up to 5 years
- Investment – up to 10 years
- Interest Rate (Based on Total LVR displayed)
- Term in Months (Minimum of 35 Years)
📷 Screenshot: Setup screen —loan details information (Click image to enlarge)
Step 6: The calculator will display the monthly repayment amount.
The calculator will display the monthly repayment amount, where risk fees are capitalised (amortised), and the Funds to Borrower amount.
Funds to Borrower, represents the amount available for settlement after any applicable risk fees have been deducted from the total loan amount.
The calculator will also display the term used for serviceability calculations. Serviceability is assessed using either a 5-year IO term or the selected Interest Only (IO) term, whichever is greater.
📷 Screenshot: Setup screen —calculator repayment information (Click image to enlarge)
Step 7a: Within the “Serviceability” page, the Serviceability Assessment results will be presented.
Within the “Serviceability” page, the Serviceability Assessment results will be presented.
📷 Screenshot: Setup screen —Serviceability page (Click image to enlarge)
Step 7b: Click “Send Scenario and Report” to receive a PDF copy of the Scenario.
Click “Send Scenario and Report” and enter the Scenario Description and your email address to receive a PDF copy of the Scenario.
📷 Screenshot: Setup screen —Send scenario and report button (Click image to enlarge)
📷 Screenshot: Setup screen —email information and description before sending (Click image to enlarge)
Step 7c: Once your PDF copy has arrived, please save the PDF document
Once your PDF copy has arrived, please save the PDF document as it needs to be attached within the Loanapp application submission.
You will be able to revisit your scenario entered into the Serviceability calculator via the Scenario Link embedded within the PDF or provided in the email.
📷 Screenshot: Sent email —copy the link from the email and save it (Click image to enlarge)
Servicing calculators
Easy Refi SMSF Loan Servicing calculator
How to use the Granite Easy Refi SMSF Loan Servicing calculator
SMSF Loan Servicing calculator
How to use the Granite SMSF Loan Servicing calculator for purchases
Specialist Disability Accommodation Investment Guide
We have compiled a comprehensive guide on investing in NDIS housing, focusing specifically on Specialist Disability Accommodation (SDA). This guide outlines the key factors to consider when investing in SDA properties. It aims to help investors make informed decisions while contributing to the availability of high-quality and accessible housing for individuals with disabilities.
(Note: Home loans for SDA properties are not currently available through Granite.)
Download NDIS Information Guide
