A residential SMSF lending product with offset has been launched by the non-major bank, enabling brokers to digitally lodge SMSF loan applications.
AMP Bank has begun piloting a residential self-managed super fund (SMSF) lending solution, marking the bank’s return to SMSF property lending for brokers and their customers.
The SuperEdge product is currently in a pilot testing phase with both brokers and AMP home loan specialists, with the first residential SMSF loans having already settled.
Broader market availability is targeted for the end of 1Q26.
Available with both principal & interest or interest-only (up to five years) repayments, supported by a documented transition plan, the product is available to corporate trustees with minimum net assets of $300,000 in their SMSF.
Borrowers must have liquid assets post-settlement of 10 per cent or more.
The loan is for properties valued between $300,000 and $2.5 million, comes with a maximum loan-to-value ratio (LVR) of 80 per cent, and is expected to have “competitive rates”.
It also has the option of an offset facility.
The SuperEdge product is only available to residential properties in zones 1 & 2 (excluding off-the-plan, construction, rural, or commercial securities) that are not for owner-occupied use (AMP does not currently offer commercial property in its policy).
SuperEdge had previously been offered by AMP, but was pulled from market in 2018.
The revised version comes with a broker-first digital experience to enable brokers to lodge and track applications in one place, with automated SMSF structure checks (cross-referencing across data from the Australian Taxation Office), LRBA prompts, and document validation to reduce rework and speed up decisions.
The new SMSF product utilises the pre-validation systems already embedded into its new broker portal and mortgage origination system and helps reduce rework.
It is believed to be the only bank offering in market that comes with a true offset account (the only other bank with a residential SMSF product is BOQ, which does not offer an offset option).
Why return into SMSF lending?
The move comes despite several lenders pulling back from trust lending. None of the major banks offer SMSF lending for residential loans, and several have tightened their policies for other forms of company and trust lending in the past 12 months.
However, AMP has flagged that SMSFs were a major part of the retirement system, with around $1.07 trillion in assets under management and over 1.22 million members (as at September 2025, according to Australian Taxation Office figures).
Speaking to The Adviser about the return on SuperEdge, AMP Bank’s group executive, Sean O’Malley, commented: “As a challenger bank, we’re trying to be more innovative and do things differently and bring product innovation. So it was a gap in the market that we needed to step into and we think it’s right that it’s not only non-banks that offer this type of a solution for customers as well.”
Noting that AMP had pulled SuperEdge from market in 2018, he continued: “We think a lot has changed in the six years since SuperEdge was pulled. When we started thinking about why we would consider bringing the product back, it was partly because of significant and constant demand from brokers and advisers saying they actually wanted some more choice – particularly with the banks pulling out of the space.
“SMSFs have grown in a really mainstream way… it’s a big mainstream component now; much bigger than it was years ago. And we know that property for SMSF trustees/members continues to be really important.”
AMP Bank’s director of lending & everyday banking, Michael Christofides, added that the product aligned with the bank’s strategy of being “about helping customers retire with confidence“.
He said: “For SMSF lending, and helping customers who are nearing retirement in creating wealth in preparation for retirement, residential property is a key way.”
The bank added that the offset feature would also help SMSF trustees manage cash flow and risk.
[Related: CBA adjusts policy for company and trust lending]
