Create a personal loan redraw

This service enables you to access redraw funds from your personal loan account and transfer them into one of your NAB linked accounts (loan redraw limits apply).

Redraw is available on NAB variable rate personal loans (excluding secured loans, Personal Project Loans, Tertiary Student Loans, and those with a guarantor). Redraw is not available on fixed rate personal loans. There are no fees for personal loan redraw.

How to create a personal loan redraw

1. To create a personal loan redraw from:

   outside the funds transfer service	roll your cursor over funds transfer on the main menu and select Loan redraw from the drop down list
   within the funds transfer service	click the Loan redraw sub-menu option

    
2. Select the account from which you want the funds to be taken, from the From loan account drop down list.
   Note: Each account in the drop down list will show the amount available to redraw in brackets.
    
3. Select the account to which you want to transfer the funds, from the To account drop down list.
   Note: You will be unable to credit redraw funds to a Credit Card or iSaver account.
    
4. Enter the amount you want to transfer in the Amount field (loan redraw limits apply).
    
5. Enter a description of the transaction in the Description field.
    
6. Enter the person's name who is instructing NAB to perform the redraw in the Remitter name field (max. 16 alphanumeric characters).
    
7. Click Next.
   The Loan redraw - confirmation screen displays your instruction details.
     
8. Review the personal loan redraw instruction details.
    
9. Click Submit.
   Alternatively, click:

   • Cancel to cancel your instruction
   • Back to amend your instruction details
   • print to obtain a record of your instruction to NAB.