Things to know about accessing redraw

  • You need to be at least one scheduled repayment ahead to access redraw.
  • Redraw amount depends on how far ahead you are on your scheduled repayments.
  • Minimum redraw amount is $500 per transaction.
  • Available on variable rate home loans (excluding building or construction loans and Defence Home Owners Loan).
  • Not available on a fixed rate loan until the end of the fixed rate period (i.e. when the rate becomes variable).
  • Not available where any account held by any borrowers on the loan is overdue.
  • Redraw isn’t available for business purposes.

Steps to transfer available redraw

Online banking is the easy, secure way to check and transfer available home loan redraw. Choose between using the NAB app or NAB Internet Banking on your web browser.

NAB app

Instructions for mobile devices

  1. Log into the NAB app on your device.

  2. Tap on the home loan you want to redraw from.

  3. Tap on redraw which is located under your available redraw amount.

  4. Select the account you’d like to transfer the funds into.

  5. Enter the redraw amount and optional reference.

  6. Review your details and tap Pay now.

NAB Internet Banking

Instructions for web browsers

  1. Log into NAB Internet Banking with your 8 to 10-digit NAB ID and password.

  2. Tap on Transfer and Pay and then Loan redraw.

  3. Select the loan account you want to transfer from (the available redraw will show next to the account number).

  4. Select the To account and fill out the Redraw details.

  5. Confirm your details and select Submit.

There are some scenarios which require banker assisted redraw, for example, where the borrower is a trust or company. If you’d like to discuss your redraw options, chat to one of our banking specialists in branch, or give us a call on 13 22 65.

Don’t have the NAB app?

Download the app today for a more convenient banking experience.

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Important Information

These products are issued by National Australia Bank Limited.

NAB recommends you consider the NAB Internet Banking terms and conditions document, before making any decisions regarding this product.

The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. The Google Logo is a registered trademark of Google Inc. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.