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The information on this page does not apply to ANZ Plus products

What is redraw?

ANZ Redraw could let you access extra payments you’ve made to an eligible loan when you need to.disclaimer You can easily access your redraw funds via ANZ Internet Banking and other convenient ways.

Requirements for redraw

Before you can redraw, you'll need to

  • Have an eligible loan account 
  • Be registered for ANZ Redraw
  • Satisfy all the conditions for ANZ Redrawdisclaimer, including:
    • your loan must be fully drawn
    • your loan must not be paid out
    • if your loan is guaranteed, the guarantors have consented in writing to ANZ Redraw (applicable to Letters of Offer issued prior to 9 February 2008)
    • there has not been any event of default during your loan term. 

For more details on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB).

How to redraw the money

You can complete a redraw using any of the options below.


Log in to ANZ Internet Banking

Look for the 'Redraw loan' link in your Account Overview page

Log in to ANZ Internet Banking

Call us

Monday to Friday 8.00am – 8.00pm AEST

1800 077 070

Submit a redraw request form

Complete and return the request form via email, mail or fax

Download request form (PDF 158kb)

Eligible loans for ANZ Redraw

The following loans are eligible for ANZ Redraw:

  • ANZ Standard Variable Home Loans
  • ANZ Simplicity PLUS Home Loans
  • ANZ Fixed Home Loans (in a variable rate period)
  • ANZ Standard Variable Residential Land Loans 
  • ANZ Standard Variable Residential Investment Loans
  • ANZ Simplicity PLUS Residential Investment Loans
  • ANZ Fixed Residential Investment Loans (in a variable rate period)
  • ANZ Standard Variable Residential Investment Land Loans
  • ANZ Fixed Interest-in-Advance Residential Investment Loans (in a variable rate period)  

When ANZ Redraw is not available

ANZ redraw is not available in the following cases:

  • If you have previously defaulted during the loan term.
  • During the fixed rate period of an ANZ home loan or Residential Investment Loan, or on home loans in a company name.
  • Certain early or additional repayments are not available to be withdrawn, including payments made on a home loan or residential investment loan:
    • prior to 24 November 1997
    • prior to the commencement of the fixed rate period
    • during the fixed rate period that commenced before 8 July 2013
    • during a construction or progressively drawn down period on a loan
    • payments made on a particular day, until after the end of that day (or, if that day is a non-business day, until after the end of the next business day).

Downloadable forms

Register for ANZ Redraw (PDF)

Want to redraw? Download this form to register.

Redraw request (PDF)

Looking to redraw funds? Download the form today.

Redraw Deletion Authority form (PDF)

Delete your redraw.

Frequently asked questions

There is currently no minimum redraw amount for eligible ANZ home loans and Residential Investment Loans.

An approved redraw request completed via ANZ Internet Banking on a business day will generally be in your ANZ transaction account the same day.

If your redraw request is processed over the phone, it may take up to two business days to transfer to your ANZ transaction account.

Money from a redraw can only be deposited to an ANZ account that’s linked to your ANZ Internet Banking. If you’re asking for a redraw over the phone, you may also get a cheque issued instead.

Please call the ANZ Mortgage Redraw team on 1800 077 070 between Monday and Friday 8.00am – 8.00pm AEST.

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The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditionsProduct Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product. 

Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.

Terms and Conditions and eligibility criteria apply to ANZ Redraw. ANZ Redraw is not available on loans in a company name. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).