skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

 What is redraw?

If you have an ANZ Variable Rate Personal Loan, our redraw feature allows you to access the extra money you've repaid. You could take out money you’ve paid above your minimum monthly repayments.

You can redraw for any reason you like.  

  • It's simple and easy
  • It won’t change your minimum repayment amount
  • You can have the money in your ANZ account instantly 

You should consider any redraws will be debited to your loan account and will incur interest on the same basis as principal owing under your loan. The amount withdrawn can only be cleared funds. ANZ can adjust the amount of your loan repayments to ensure you meet your loan term. 

To redraw your available funds, just transfer the money in ANZ Internet Banking or call 1800 801 485 (8am to 8pm AEST).

Redraw is not available on the ANZ Secured Car Loan or ANZ Fixed Rate Personal Loan.

To find out more, read our Consumer Lending terms and conditions brochure (PDF 475kB).

 

How do I redraw my available funds?

It’s easy to redraw. All you need to do to redraw your available funds from your ANZ Variable Rate Personal Loan is transfer the money to your savings or ANZ everyday account via ANZ Internet Banking, or call 1800 801 485 (8am to 8pm AEST). 

 

Can I redraw on my Personal Loan?

You can only redraw on your Personal Loan if you have an ANZ Variable Rate Personal Loan. You’ll be able to redraw the extra money you've repaid, any time you want. If you have an ANZ Fixed Rate Loan you will not be able to redraw extra repayments. 

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. 

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.