Articles on: Managing my home loan

How do I access my redraw?

How do I redraw my money?

The redraw facility available on all of our home loans allows you to access any additional payments you’ve made to your home loan free of charge, 24 hours a day, 7 days a week, using Online Banking.

Things to consider

What you should know about redraw:

You’re able to redraw from your ahead amount on your home loan as many times as you like, with the minimum redraw amount being $1, per transaction.
Redrawing on your loan won’t increase your repayments or extend the term of your home loan as you’re simply withdrawing the extra payments you’ve made into your home loan.
When performing a redraw, all parties must authorise the transaction. If you wish to modify the authorisation to allow individuals to transact independently, please contact us.

How to perform a redraw

Redraw is automatically available via Online Banking on your home loan. Simply select your home loan account as the ‘From account’ when performing a funds transfer in Online Banking.

If your loan with us has an offset account, the redraw funds from your loan will be available in your offset account immediately. Alternatively, if you Redraw funds to other financial institution, it may take up to two business days for your funds to be available.

Updated on: 22/12/2023

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