A redraw facility on a variable rate home loans allows you to withdraw directly from your home loan account any repayments you've made that are more than your contractual repayments.
The minimum redraw is $50 and the maximum is the amount of advance repayments you've made.
You can make as many redraws as you like and there is no fee to do so.
With a top-up loan, you can utilise the equity in your home or investment property to borrow additional funds for other purposes to help you achieve your investment or lifestyle goals.
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