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Frequently Asked Questions

What is a car loan redraw facility?

A redraw facility allows you to access extra repayments you have made on your loan over and above the required minimum repayments.

A minimum of $500 plus the next scheduled payment are required in the loan before the redraw feature is available. A minimum redraw of $500 applies to all redraw requests, and the amount of the next secheduled repayment will unavailable for redraw. 

Please note: Transfers made into the loan on Internet Banking and Mobile Banking can take up to 24 hours to process. For immediate transfers please call us on 13 25 85 or visit a branch. Redraw must be enabled on the loan for redraw to show as available on Internet or Mobile Banking. 

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