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How redraw works and why it’s a handy loan feature


Mon Jul 17 0:00:00 UTC 2017

Does your home loan have a redraw facility?

A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have money available to redraw from your home loan.

For more information, click the 'read full article' button below.

If your current home loan doesn't have this feature, but you are interested in having it, give us a call on 03 9753 5208 to discuss your refinancing options.

If you pay more than your minimum scheduled repayments, then you’ll have money available to redraw from your home loan.

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