It's important you understand that withdrawing money from your redraw:
- Increases what you owe on your home loan.
- May result in your repayments increasing
- If you are near the end of your loan term it may result in your repayments significantly increasing.
If you'd like more details or FAQs around the recent redraw changes, please check out our recent redraw changes support page. If you'd like more information on how redraw works, here's our support page explaining how redraws work.
Dedicated redraw change back hotline 1300 308 357
To request to change back your redraw, discuss the impacts of redrawing on your repayments or other options, please call ME on our dedicated hotline on 1300 308 357 Monday to Friday 8am-8pm, or Saturday 9am-5pm (AEST/AEDT)