If you have an eligible personal or home loan, you can easily set up the option to redraw additional funds through internet banking or the mobile app.
If you didn't set this up when signing your contract, you'll need to complete and return a Redraw Authority Nomination Form - PDF (40kB).
You can return the form to us via secure mail or to a branch.
Once you set up redraw access, your loan will appear in the list of accounts you can transfer from on the Transfer or Pay someone screens in digital banking.
You can transfer up to the amount shown as 'available' in your loan balance. This amount takes your upcoming minimum monthly payment into account, ensuring that redrawing won't cause you to fall behind on repayments.
For example, if you’ve paid an additional $9,000 into your loan and your next repayment is $1,500, your 'available' balance will be $7,500. Your 'in advance' amount will show the total amount you've paid in addition to your required repayments.