Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date. 

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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