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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.
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Digital ID verification
Digital valuations
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)
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
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
