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Business / Business support / Business loan redraw

What is redraw?

  • A redraw facility allows you to access additional repayments that you've made on your business loan above the minimum required repayments.

    Key features:

    • Available only on variable rate BetterBusiness Loans
    • No minimum redraw amount

Benefits of redraw

Pay less interest

Any money available in your redraw reduces the balance owing on your business loan so you’ll pay less interest over the life of your loan.

Access your redraw online

You can securely access your redraw in NetBank, the CommBank app or CommBiz any time.

Cover short-term financial needs

Use your redraw to cover an unexpected expense or invest in a new business opportunity.

Grow your redraw your way

Make one-off lump sum repayments or regularly pay more than your minimum required repayment to grow your redraw.

Fees

  • A redraw balance fee of 0.49% p.a. applies on BetterBusiness Loan redraw balances over $100,000. The fee is calculated daily and charged monthly in arrears.

How to redraw

  • In NetBank

    1. Log on to NetBank
    2. Go to Transfer & BPAY and choose your business loan
    3. Choose the account you want to transfer to and enter the amount
    4. Select Next then Transfer

  • In the CommBank app

    1. Tap Accounts and choose your business loan
    2. Tap Transfer, choose your business loan, then the account you want to transfer to
    3. Enter the amount and tap Transfer

  • In CommBiz

    1. Log on to CommBiz
    2. Go to Payments and select your payment type (Transfer, Direct Credit, Priority Payment or BPAY). 
    3. Select the business loan in the ‘Pay from’ dropdown list
    4. Enter an amount and select Submit

Frequently asked questions

If you choose to withdraw money from your available redraw, your business loan balance and repayments may increase.

A redraw facility allows you to access additional repayments you've made on your business loan above the minimum required repayments.

A line of credit is a flexible lending solution that allows you to draw down funds when needed, up to an approved credit limit. You only pay interest on what you use and pay it back when you can.

If you’d like to access your redraw balance, you can transfer funds in NetBank, the CommBank app or in CommBiz. 

If you’re eligible, you can change your loan repayment amount in the CommBank app. Otherwise, you’ll need to call us on 13 1998 or contact your Relationship Manager (if you have one). 

Learn more about BetterBusiness Loan repayments.

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Things you should know

  • As this information has been prepared without having regard for your individual and/or business objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances. This information is current as at 23 June 2025 and is prepared without taking into account your individual and/or business needs and objectives.     

    Credit provided by the Commonwealth Bank of Australia. These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business Finance and consider them before making any decision about these products. Rates are subject to change. For current interest rates, visit business banking rates and fees. Fees, charges and Terms & Conditions apply.