Home loans

Home loan repayment redraw feature

NetBank's repayment redraw feature allows you to access the additional funds you have used to repay your home loan.  

With extra money available, you can put it towards a family holiday, home renovations or extensions, or towards an investment to help you build wealth. There's no reason why you can't use the equity in your home to fund smaller projects. If you've made the payments on your home loan (and you have a redraw facility on that loan), it can be as easy as transferring money to where you need it.

The minimum redraw amount for our home loans is $500.

* Conditions apply. Redraw is not available on some loan types and if your home loan is in more than one name you may need to establish access to the loan for use in NetBank by completing the Contract Authority-Home/Investment Home Loan.

* Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are available on application. Bank fees and government charges may apply.

• Find out about the range of Commonwealth Bank home loans
• To see how your NetBank repayment redraw facility would work without using your own accounts take the transfer money demo
• If you're already a Commonwealth Bank customer, you can register now to become a NetBank user.
• Or, if you're already registered with NetBank, simply login

• Important information
  Conditions and fees may apply to redraw and switching.  For joint loans, some of these features are only available where your method of operation is 'Either to operate'.  Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in our offer of finance. Fees and charges are payable.’
  
  Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are available on application. Bank fees and government charges may apply.