Redraw is the term used to describe the ability to withdraw money (from additional payments you have made), when you need it, from your Variable Rate Home Loan. It is the difference between your current balance and what the balance would have been if you hadn't made any additional repayments.
Accessing Redraw may be different for each product. Please refer to the appropriate product page to find out more information on Redraw.
Redraw is available on:
- Professional Pack Variable Rate Loan
- Professional Pack Line of Credit
- AMP Essential Home Loan
- Classic Variable Rate Loan
- Classic Line of Credit
- Land Loan
Redraw is not available on:
- Fixed Rate Loans
- Construction Loan
It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.
This information is provided by AMP Bank Limited ABN 84 079 300 379 (AMP Life). Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
All information on this website is subject to change without notice. The credit provider and bank product issuer is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517.