What you should know about redraw:
• You’re able to redraw from your home loan as many times as you like, with the minimum redraw amount being $500.
• Redrawing on your loan won’t increase your repayments or extend the term of your home loan as you’re simply withdrawing the extra payments you’ve made into your home loan.
• When performing a redraw, all parties must authorise the transaction. If you wish to modify the authorisation, such allowing any party to transact and authorise independently, you can download the Redraw Operation Form. Once completed the form is returned by fax or post:
|| (08) 8300 6898
||Loan servicing, Adelaide Bank
Reply Paid 1048
Adelaide SA 5001