AMP Bank has refined its SMSF lending policies to make it easier for brokers to assess suitability earlier in the process, reduce rework and provide greater certainty as applicationsprogress.
The updates follow AMP Bank’s re‑entry into residential SMSF lending earlier this year with SuperEdge, and have been informed by broker engagement, feedback and early lending experiences.
Key policy settings have been refined to improve practicality and consistency, while maintaining prudent credit assessment and appropriate safeguards for SMSF trustees.
Michael Christofides, AMP Bank Director of Lending & Everyday Banking, said the refinements reflect the bank’s commitment to working closely with brokers as SuperEdge continues to scale.
“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.
“These refinements will make the lending process clearer and more predictable, and allow us to maintain high service standards alongside strong credit discipline.”
What’s changed:
More proportionate liquidity settings: The liquidity test has been refined from 10% of total SMSF assets to 5% of the total loan amount,preserving a sensible cash buffer while reducing unnecessary capital tie‑up.
Broader access across suitable loan sizes: The minimum loan size has reduced from $300,000 to $200,000, supporting a wider range of appropriate borrower scenarios.
Earlier entry point for suitable SMSFs: Minimum SMSF net assets have been adjusted from $300,000 to $250,000, where other eligibility and safeguards are met.
Minimum SMSF expense assumption reduced: SMSF expenses are now assessed more accurately based on typical fund costs, providing fairer serviceability outcomes that better reflect how SMSFs operate in practice.
Expanded acceptable security locations (Perth metro): Selected Perth metropolitan Zone 3 postcodes are now included, providing additional
flexibility in established metro markets.
Pre‑approvals now available: Brokers can now access pre‑approvals, helping give clients greater confidence before commencing property searches.
Ongoing broker support
AMP Bank will continue to support brokers through practical tools and SMSF‑specific training, including real‑deal case studies and clear policy walk‑throughs to help identify fit earlier and minimise rework.
AMP Bank re‑entered residential SMSF property lending in February, seeking to expand choice for Australia’s more than 1.2 million SMSF members, particularly those approaching or entering retirement, through a well‑governed, bank‑backed solution delivered via brokers.
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517