What is redraw?

Redraw represents funds that you've paid in advance on your home loan.

You can increase the amount of redraw available on your loan by paying extra off your loan.

You can pay off extra either by setting a regular repayment that is higher than the minimum repayment or by transferring funds directly to your loan.

It is not the same as withdrawing funds from an offset account.

Some lenders provide loans that do not offer redraw however all of Community First's home loans offer the ability to access redraw.

How can I access redraw?

There are two ways you can access redraw:

• You can login to Community First Internet Banking and select 'Payments' followed by Transfer money. You can then select the loan you'd like to withdraw from. The amount of funds available will be noted next to the loan in the drop down box.
• If you'd like us to do it for you, give us a call or visit one of our stores and one of our staff members can complete it for you.

Please note that redraw fees may apply for redrawing funds from your loan. If you hold an Accelerator Package home loan, redraw you complete yourself online is free.