If you have made additional repayments on your variable rate loan, you may have funds available to redraw. You can check your available redraw balance online or at any branch. Your redraw balance won’t include any repayments made towards your next monthly minimum repayment amount and will reduce in line with the remaining life of the loan.
There is no charge to redraw in NetBank or the CommBank app (fees apply if conducted in branch). Redraw is unavailable for fixed rate loans.
To redraw, simply log on to NetBank or the CommBank app and transfer money from your available personal loan funds to your preferred transaction account. Alternatively, you can call us on 13 1431 or visit your nearest branch.