A redraw facility helps you minimise interest costs on your Variable Rate Home Loan or Discount Variable Rate Home Loan and potentially shorten the overall term of the loan.
Extra repayments you make towards your home loan are considered accessible funds. These funds are available for you to use for any purpose or emergency.
Contact us online about a new home loan
Download and print a home loan application form
Add redraw to your existing variable rate home loan
Apply via Online Banking, select "Apply for a Loan" (Members only)
Redraw
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Combine with a Variable Rate Home Loan or Discount Variable Rate Home Loan to reduce accrued loan interest.
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| Redraw Amount |
- Minimum $500
- Maximum up to the total of additional repayments made
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Access
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Loan Setup Costs
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Yes - Refer to Loan Fees |
Account Keeping Fees
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None |
Loan Contract Fees
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Over the life of your loan contract, Government charges, credit fees and other charges may apply (details on request)
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Online Application
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Apply Now
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Contact us online about a new home loan
Contact us online about your existing Gateway home loan
Download and print a home loan application form
Add redraw to your existing variable rate home loan
Apply via Online Banking, select "Apply for a Loan" (Members only)
* Important Information
1. Applications are subject to our normal credit assessment criteria.
2. Terms and Conditions apply and together with interest rates are subject to change.
3. Loan Fees and charges apply. Other Fees and Charges may apply.
4. You must be registered for Online Banking to have a Redraw Facility. To register, contact Member Services on 1300 302 474.
5. Maximum amount available to be redrawn is restricted by normal online banking daily withdrawal limits. If a greater amount is available due to your additional repayments and is required contact Gateway on 1300 302 474.
6. Available amounts for redraw will be outlined in your account in Online Banking.
7. Redraw is only available on variable rate home loans. Details of Fees and Charges are available.