Scheduled Outage: Sunday 9th March – Digital Banking Services. Learn more

What is home loan redraw?

A family entering their new home, smiling and carrying belongings
< Back to 
FAQs

A redraw facility allows you to take back the extra payments you have made on your loan account. For example, your minimum monthly loan repayments are $3,000. If you pay $3,200 each month for a period of 6 months you'll have paid an additional $1,200 on top of your minimum repayments. The redraw facility allows you to access that extra $1,200 if required.

How can we help?