New improved, 'smaller' feature. Redraw amounts now come in smaller servings.
Now there's even more reason to use the equity in your home to fund smaller projects. NetBank and telephone redraw minimums on selected home loans have been reduced to $500, to make it even easier for you to manage your finances.
Remember, any extra repayment you make on your home loan is extra equity that is yours to use, as you need to.
Whatever you need the money for - overdue renovations, upcoming education fees or a quick getaway. Your equity is there to help. And it makes sense to redraw this money, because it's at home loan rates.
You can redraw easily online, 24 hours a day 7 days a week. There's also the option to redraw by phone or in branch. Here are the new redraw minimums:
Complete Home Loan or Investment Home Loan (Variable, Discounted or Guaranteed only)
Economiser Home Loan (Includes 3 Year Special Economiser)or Investment Home Loan
Redraw available
Yes
Yes
Drawing fee online/via Telephone Banking
FREE
$50
Drawing fee in branch
$5
$50
Minimum redraw online/via Telephone Banking
$500
$500
Minimum redraw in-branch
$1,000
$2,000
Please note: Repayment Redraw is not available on Fixed Rate Home and Investment Home Loans, Interest in Advance Fixed Rate Investment Home Loans or Economiser Loans (includes 3 Year Special Economiser) with the interest only option for the full term of the loan.
Don't have a redraw facility set up on your home loan? It's easy. Click here to see how easy it is to arrange.
