Redraw my loan

To request a redraw on your loan:

  • Go to the "View Accounts" page which is the first page you see when you log on to ANZ Internet Banking. If you cannot locate it, go to the "Accounts" menu and select "View Accounts".
  • Select your loan account by clicking on the account name, at which point you are taken to the chosen "Account Overview" page.
  • Then click on the "Redraw loan" link and follow the steps below.
Before applying for a redraw

Check whether your account is eligible for the redraw.

You can also figure out if you have the redraw facility and funds available to redraw by checking your loan account details.

  • If you are eligible to redraw there will be a link to "Redraw amount paid in advance" at the bottom right of the screen.
  • Please note that the redraw facility is only available for loan applications submitted or renewed after 24 November, 1997.

Another indication of your eligibility is the type of page that displays when you click the "Redraw loan" link.

If your loan account is not eligible for a redraw facility:
  • The "Your loan account is not eligible for ANZ Redraw" page will display.
If your loan is eligible, but not yet registered for a redraw facility:
  • The "Register for ANZ Redraw" page will display.
  • To request a redraw registration pack to be posted to you, select "Request information".
  • A pack will be sent to your nominated postal address.
  • You will need to complete the form and sign it in person at any ANZ branch.
If your loan account is already registered for the redraw facility:
  • The "Loan redraw" page will display.
  • This page will provide information on the type of loan account you are redrawing from.
  • It will display the "Amount paid in advance" available for redraw and the redraw fee, if applicable.
Step 1 - Fill in the required information and click "Continue"
  • To: select the linked ANZ account to transfer the redrawn funds to.
  • Amount: enter the redraw amount. This must be a minimum of $2,000 for eligible loans other than ANZ Personal Loans.
  • Click "Continue" to proceed with the redraw.
Step 2 - Review your information

Review all your information to ensure it is correct.

  • If you notice mistakes click "Back" and re-enter the correct details following steps 1-2.
Step 3 - Confirm your request

When you are happy with the information entered click "Confirm". This will complete the request and a confirmation message will display.

Step 4 - View your lodgement receipt
  • Your lodgement receipt is displayed to confirm that your request has been submitted successfully.
  • This does not mean the request will be processed successfully as that is dependent on the details you have entered being accurate.
  • Please make a note of the receipt number and lodgement number for your own records.
What happens next?
  • Depending on the transaction, the redraw may be processed straight away or could be sent to the ANZ Redraw team to be processed.
  • Your redraw request may then take up to two bank business days to be processed.
  • You cannot delete or cancel an ANZ Redraw request once it has been confirmed.

Need more help?

Use our faqs to find out more about redrawing the available funds from your loan account.

What is ANZ Redraw?

ANZ Redraw makes it easy for you to access any extra payments you have made to your loan, which are above the minimum repayment amount, without going through a complete application process.

How can I redraw funds from my loan?

If you have made early or additional repayments to your loan and you are registered for redraw, provided all the conditions are satisfied at the time you wish to make a redraw, you can easily redraw an amount equal to or less than the amount paid in advance on your loan.  

The redraw can be done over the phone or via ANZ Internet Banking.

How much can I redraw?

The most you can redraw from eligible loans is the amount paid in advance on the loan.

For ANZ Personal loans, there is no minimum amount you need to redraw. For all other eligible loans including ANZ Home loans, the minimum amount you can redraw is $2,000.

Can I redraw my ANZ loan to a non-ANZ or a non-linked ANZ account?

No. You cannot directly redraw from an ANZ Loan account to a non-ANZ account or to an ANZ account that is not linked to your ANZ Internet Banking.

  • A loan redraw can be deposited only to another ANZ account linked to your ANZ Internet Banking.

You can also request to redraw over the phone by calling the number listed below.

  • When requesting to redraw over the phone you may also request for the redraw funds to be sent to you as a bank cheque.
Is my loan eligible for redraw?

The redraw facility may be available for loans where loan applications were submitted or renewed after 24 November, 1997.

To be eligible for redraw you must:

  • have an eligible loan account
  • be registered for redraw facility
  • meet all of the conditions.
Who do I contact if I need further information regarding redraw?

You can contact the ANZ Mortgage Redraw team on 1800 077 070 between 8.00am and 8.00pm (AEST) Monday to Friday or the ANZ Personal Loans Redraw team on 1800 801 485 between 8.00am and 8.00pm (AEST) Monday to Friday.

Need more help?

For further assistance please call the ANZ Internet Banking team on 13 33 50 (International callers: +61 3 9683 8833) 24 hours a day, seven days a week.

  • Redraw is not available during the fixed rate or progressive draw period.
  • Principal reductions made during any fixed interest period or during any construction or progressively drawn down period will not be available to be redrawn at any time.
  • Early or additional repayments made to ANZ Loans prior to 19 April, 2000 are not available for redraw.
  • The "amount paid in advance" may not reflect today's transactions or unprocessed transactions. These funds may be eligible for ANZ Redraw, subject to the terms and conditions of your loan and ANZ credit criteria.
  • Any redraw will be debited to your loan account and will incur interest on the same basis as principal owing under your loan.
  • After any redraw, ANZ can change the amount of your repayments to ensure that your loan will be repaid within its agreed term.
Loans eligible for ANZ Redraw
  • ANZ Standard Variable Rate Loans
  • ANZ Simplicity PLUS Loans
  • ANZ Fixed Rate Loans (in variable rate period)
  • ANZ Portfolio sub-accounts (where the sub-account is one of above sub-product types)
  • Eligible grand-fathered products: Easy Start Loans, Money Saver Loans, ANZ Direct Home Saver/Residential Investment Loan, ANZ Direct Home Saver Plus/Residential Investment Loan.
Eligibility

Please take note of the eligibility information:

  • Eligible for ANZ Redraw automatically: if your loan application was submitted after 9 February, 2008.
  • Eligible for ANZ Redraw, requiring registration: if your loan application was submitted between 20 April, 2000 and 8 February, 2008.
  • Potentially eligible for ANZ Redraw: if your loan application was submitted between 24 November, 1997 and 19 April, 2000, your loan may qualify for ANZ Redraw. However special conditions apply. Please contact:
    • the ANZ Home Loans team on 1800 077 070 between 8:00am and 9:30pm (AEST) Monday to Friday; or
    • the ANZ Personal Loans team on 1800 801 485 between 8:00am and 8:00pm (AEST) Monday to Friday.
  • Not eligible for ANZ Redraw: if your loan application was submitted prior to 24 November, 1997, your loan will not be eligible for ANZ Redraw. However, your loan may be renewed with a new loan contract that could be eligible for ANZ Redraw.
Redraw Registration

From 9 February 2008, all new or renewed loans that are eligible for ANZ Redraw will have the facility automatically activated. If your loan application was submitted prior to 9 February 2008:

  • You must first register for ANZ Redraw before you will be able to redraw from your loan. To register for ANZ Redraw please complete the registration form available online or from your nearest ANZ branch.
  • Upon registration, you can nominate either to allow one person to sign for redraw or request that the consent of all parties is required before redraw will be actioned. This registration form is legally binding and new written instructions must be forwarded to us if circumstances regarding your redraw change.
  • Once registered, you can perform redraw via ANZ Internet Banking or by calling:
    • the ANZ Home Loans team on 1800 077 070 between 8:00am and 9:30pm (AEST) Monday to Friday, or via ANZ Internet Banking; or
    • the ANZ Personal Loans team on 1800 801 485 between 8:00am and 8:00pm (AEST) Monday to Friday.

Terms and conditions

  • For full details, visit Fees, Taxes & Terms to view ANZ's Consumer Lending terms and conditions brochure.