AMP Bank has overhauled key elements of its SuperEdge residential SMSF lending policies in a bid to make deals more straightforward for brokers and their SMSF clients.
The bank says the refinements are designed to help brokers assess suitability earlier, cut down on rework, and give applicants more certainty as files move through credit.
The development comes as AMP reports strong 1Q26 momentum, with Platforms net cashflows up 45% and AMP Bank GO deposits now expected to exceed $1.5 billion this year. The changes also follow AMP Bank’s re‑entry into residential SMSF lending earlier this year and have been shaped by broker feedback and early deal experience.
Core rules have been updated to be more practical and consistent, while the bank says it is keeping “prudent credit assessment and appropriate safeguards for SMSF trustees” in place.
Michael Christofides (pictured), AMP Bank director of lending & everyday banking, said the lender is focused on co-designing the proposition with the broker channel.
“Following our return to SMSF lending, we’ve been working closely with brokers to understand their experience with clients, while ensuring fast and consistent turnaround times,” Christofides said in a media statement.
“These refinements will make the lending process clearer and more predictable and allow us to maintain high service standards alongside strong credit discipline.”
Under the updated settings, the liquidity test has shifted from 10% of total SMSF assets to 5% of the total loan amount, aiming to preserve a cash buffer without tying up unnecessary capital.
The minimum loan size has dropped from $300,000 to $200,000, while the minimum SMSF net asset requirement has been lowered from $300,000 to $250,000 where other safeguards are met.
Serviceability has also been recalibrated, with SMSF expenses now assessed using assumptions that more closely reflect typical ongoing fund costs.
Acceptable security locations have been widened to include selected Perth metropolitan Zone 3 postcodes, and brokers can now obtain pre‑approvals to give SMSF clients more confidence before they start searching for a property.
AMP Bank plans to keep working with brokers on SMSF strategy through targeted tools and education, including practical resources, SMSF‑specific training, real deal case studies, and clear policy walkthroughs to help identify fit earlier and minimise rework.
The bank’s refreshed SMSF offer is aimed at Australia’s large and growing SMSF segment, particularly members nearing or entering retirement who are seeking a well governed, bank backed property lending solution via brokers.
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