What is redraw?
Redraw is a feature, which allows you to withdraw the extra money you’ve paid into your home loan. That is, the extra money you have paid in addition to your scheduled repayments. You can use the internet or a touch-tone phone to access your account so you can check balances, make additional repayments, redraw funds or review transactions.
A. one direct Redraw gives you easy access to additional repayments you have made to your loan, without having to apply for more funds. There are no Redraw fees for accessing your money with one direct so you can access your additional repayments whenever you need to. Transaction charges may apply if you access your funds through certain channels e.g. ATM and EFTPOS. Please refer to the Fees and Charges section for more detail. Fixed rate loans are not eligible for Redraw.
