If you have an eligible home loan or personal loan you can set up the option to redraw from your loan using internet banking or the mobile app.
If you haven't done so when when signing your contract, you'll need to sign and return a Redraw Authority Request Form - PDF (40kB).
You can return the form to us via secure mail or to a branch.
Your loan with redraw access will then appear in the list of accounts you can transfer from in the Transfer or Pay someone screens in digital banking.
You can transfer up to the amount that is shown as 'available' on your loan balance. Your upcoming minimum monthly payment will be taken into consideration in the amount shown, so redrawing will not result in you falling behind on your repayments.
For example, if you have paid an additional amount of $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.