What is redraw?


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.

Redraw 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:

Redraw is not available on:

  • Fixed Rate Loans
  • Construction Loan

Important information

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It’s important to consider your particular circumstances and read the relevant Terms and Conditions before deciding what’s right for you. This information hasn’t taken your personal circumstances into account.

This information is provided by AMP Life Limited. 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 product issuer of AMP Bank products is AMP Bank Limited Australian Credit Licence 234517.