Smarter loan structure
Access a Redraw Facility
Your extra repayments, on tap.
A redraw facility lets you access the extra repayments you've made above the required minimum. It's a useful safety net — but importantly, it behaves differently to an offset account for tax and asset-protection purposes.
Things to consider
- Some lenders charge a fee per redraw, or have a minimum redraw amount — check the fine print.
- Redraw and offset are treated differently by the ATO in some scenarios — get accountant advice if the property may become an investment.
- Lenders can (rarely) reduce or freeze redraw availability under hardship policy — an offset account isn't subject to the same lever.
- Redraw amounts are technically the lender's money returned — that's a legal distinction worth understanding.
Related equity uses
Three more ways homeowners commonly put usable equity to work.
Explore whether access a redraw facility could work for you — complimentary, no obligation.
No obligation · No cost · No credit check to enquire.