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Loan Redraw Facility
Terms & Conditions

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Your use of the redraw facility indicates your acceptance of the terms and conditions.

The following conditions apply to your redraw facility:

a) with our consent on each occation (which we must not unreasonably withhold) you may drawback excess repayments up to, but not more than, the amount that would have been the oustanding balance under this loan contract had you made all reapyments as the loan contract requires;
 
b) the minimum amount of each drawback is the amount spcified in the Schedule of your loan contract. We may vary this amount from time to time;
 
c) If there is more than one borrower under this loan contract, you authorise us to process the drawback on the instructions of any of you until such time as any of you advise us, in writing, to the contrary.
 
d) a fee of $15.00 per redraw will be deducted from the amount you redraw.
 
e) each redraw must be a minimum of $100, plus the redraw fee of $15 (ie: to redraw $100 you must be at least $115 in advace.
 
 



       

 

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