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Redraw

Redraw is a feature on eligible home loans that allows you to withdraw any extra payments you have made on your home loan.

If you’ve paid off more than the minimum required amount on your home loan, you can make a redraw request to withdraw the extra money you’ve paid. You can use your redrawn funds for any purpose at any time and can continue to pay off your loan without extending the original term of your loan.

A redraw fee may be charged for each request and redraw is subject to the Bank’s approval.  See below for details.

How to Redraw

If you’ve already registered for redraw via Internet or Phone Banking, it’s as easy as transferring your available funds into your preferred account via Internet or Phone Banking.

Otherwise, you can complete the Redraw Request form and drop this in at any branch or fax it back to us on (02) 9995 8305.

How to register for Redraw

If you haven’t registered for redraw via Internet or Phone Banking but you’d like the convenience of redraw from your home, while saving on fees, just fill in the Register for Internet and Phone Banking Redraw form and you’ll be ready to redraw on your home loan when you need to.

Redraw fees on eligible Home Loans

Each time you make a redraw request, you’ll be charged the applicable fee when your request is approved.

Home Loans eligible for Redraw

Fee for Redraw

Fee for Redraw request made via Internet and Phone Banking

Basic Home Loan

$50

$0

All other home loans

$25

$10

Advantage Package home loans

$25

$0

Essential Home Loan & Great Australian Home Loan

$50

$0

No Deposit Home Loan

$50

$10

Important information

Other upfront fees and costs may apply. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 13 76.