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Redraw

Redraw from your loan

SWSCU Redraw can let you access extra payments you have made on your loan via internet banking, Mobile Banking app or at your local branch.

  • Yes, all our loans have a redraw facility.
  • If you are at least one month in advance of loan repayments any excess can be redrawn.

E.g. in advance $2000 & minimum monthly payment of $500, available funds to redraw is $1500.

  • By calling into your local branch & requesting a redraw.
  • Internet Banking
  • Mobile Banking app
  • You are not making any extra or higher loan payments.
  • You are not more than 1 month in advance.
  • Your loan is paid out.
  • Your loan has not been fully funded e.g. construction loan.

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South West Slopes Credit Union Ltd (ABN 80 087 650 673, AFS & Australian Credit Licence 240712) Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Account and Access Facility Conditions of Use and Financial Services Guide before acquiring the product. Read our disclaimer for more information.