Redraw explained
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 Easy Street's home loans do.
How can I access redraw?
There are two ways you can access redraw:
- Login to Easy Street 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 on 1300 13 14 65. A fee may apply for this service.
Need a hand?
For help managing your loan, reach out to one of our knowledgeable team members - we're here to make the process easy.