Common use of Redraw Facility Clause in Contracts

Redraw Facility. 12.1 If your personal loan agreement states that redraw is available, and you are not in default under this contract, then you may ask us to let you reborrow money you have prepaid under clause 11. We may agree at our discretion and may impose conditions on any such agreement. 12.2 If you ask to re-borrow money, and your current repayment arrangements are not sufficient to repay the balance over the remaining term, we may recalculate your repayments. 12.3 We may review, suspend or cancel the redraw facility at any time without notice. 12.4 The amount of the redraw must not be less than the minimum amount specified by us, and must not be more than the total amount you have repaid early and for which cleared funds have been received. We may reduce the amount otherwise available to you to redraw by an amount approximately equal to the payments due in the current month. 12.5 You may only obtain a redraw if you have a deposit account with us. You can request a redraw by visiting a branch, by internet banking, by telephone or by any other method we approve. If the redraw is approved, we will, on satisfaction of any conditions imposed by us, make the additional funds available in the deposit account held with us specified by you.

Redraw Facility. 12.1 If your personal loan agreement states that a redraw facility is available, you have a deposit account with us, and you are not in default under this contract, then you may ask us to let you reborrow re-borrow money you have prepaid under clause 1111 (Prepayments). We may agree Whether or not we permit a redraw is at our absolute discretion and we may impose conditions on any such agreementagreement to permit a redraw. 12.2 If you ask to re-borrow money, and your current repayment arrangements are not sufficient to repay the balance over the remaining term, we A fee may recalculate your repaymentsbe payable for a redraw. 12.3 We may reviewYou can request a redraw by visiting a branch, suspend through online banking or cancel the redraw facility at by any time without noticeother method we approve. 12.4 The amount of the you have requested to redraw must not be less than the minimum amount specified by us, and must not be more than the total amount you have repaid early and for which cleared funds have been received. We may reduce the amount otherwise available to you to redraw by an amount approximately equal to the payments due in the current month. 12.5 You may only obtain If we agree to permit a redraw if you have a deposit account with us. You can request a redraw by visiting a branch, by internet banking, by telephone or by any other method we approve. If the redraw is approvedredraw, we will, on satisfaction of any conditions imposed by us, will make the additional funds available in the deposit account held with us specified by you. 12.6 If you ask to re-borrow money, and your current repayment arrangements are not sufficient to repay the balance over the remaining term, we may recalculate your repayments. 12.7 You should allow at least 2 business days for your redraw request to be processed. 12.8 We may review, suspend or cancel any redraw facility at any time. We will notify you if we do.

Redraw Facility. 12.1 14.1 If your personal loan agreement states that redraw is available, and you are not in default under this contract, then you may ask us to let you reborrow money you have prepaid under clause 1113. We may agree at our discretion and may impose conditions on any such agreement. 12.2 14.2 If you ask to re-borrow money, and your current repayment arrangements are not sufficient to repay the balance over the remaining term, we may recalculate your repayments. 12.3 14.3 We may review, suspend or cancel the redraw facility at any time without notice. 12.4 14.4 The amount of the redraw must not be less than the minimum amount specified by us, and must not be more than the total amount you have repaid early and for which cleared funds have been received. We may reduce the amount otherwise available to you to redraw by an amount approximately equal to the payments due in the current month. 12.5 14.5 You may only obtain a redraw if you have a deposit account with us. You can request a redraw by visiting a branch, by internet banking, by telephone or by any other method we approve. If the redraw is approved, we will, on satisfaction of any conditions imposed by us, will make the additional funds available in the deposit account held with us specified by you. 14.6 You should allow at least two business days for your redraw to be processed. 14.7 If you have a construction loan, no redraw is available during the construction period.