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Loan Redraws

Use your additional loan repayments for the fun things in life.

Loan Redraws

Loan Redraws

WAW allows borrowers to make additional home loan repayments without penalty to reduce interest charged. Borrowers are then able to redraw these 'in advance' funds for the fun things in life.

A loan redraw facility can be organised for all WAW home loans types generally with just 24 hours notice required.

Redraws are not available for personal loans.

Features
  • Funds are available on 24 hours notice.
  • Available from both Fixed and Variable rate loans.
  • Minimum redraw amount is $1000.
  • No maximum redraw amount.
  • All parties to a loan must sign to withdraw funds.
  • On line redraws are not currently permitted.
  • There is no fee for redraws on selected home loan types.
Rates

Interest rates on loan redraws are the same as those of your loan from which you are redrawing the funds.  
 

Download our current Loan Interest Rate and Fees Schedule here

Fees

There is a $20 fee for each redraw. This fee is waived for selected loans.

How To Apply

If you are interested in applying for a home loan redraw then please click on the link below to fill out our online enquiry form with your name, contact details and the product you are interested in. One of our dedicated loans staff will contact you to further the application process.

Alternatively, you can contact us on 1300 368 555 and ask to speak to one of our home loan specialists.

 

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