Wednesday 4 November 2026: Following the RBA’s decision to change the official cash rate, interest rates for owner-occupier and investor variable loans will increase by 0.25%, effective 19 November 2026. From 19 November 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

Tuesday 10 November 2026 — Alert: scammers impersonating Qudos Bank - We’ve been alerted to a scam involving phone calls impersonating Qudos Bank and members of our team. If you receive a suspicious call, do not share any personal or banking information. Find out more.

What is a home loan redraw?

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FAQs

What is a home loan redraw?

A redraw facility allows you to take back the extra payments you have made on your loan account. For instance, if you pay $3,200 each month instead of the minimum $3,000 for six months, you'll have an extra $1,200 in your account. With a redraw facility, you could easily access that extra money if you need it, without having to go through the hassle of applying for a new loan or credit.

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