If you’ve made any extra repayments towards your Bankwest home loan, that money has built up in surplus – and you could redraw those extra repayments for free. Here’s how.
If you’ve made any extra repayments towards your Bankwest home loan, that money has built up in surplus – and you could redraw those extra repayments for free. Here’s how.
To estimate your surplus, just take your available balance and minus your next repayment from it. You can see your available balance when you check your account balance in Bankwest Online banking and the Bankwest App.
You can redraw your surplus funds through the Bankwest App or Bankwest Online Banking.
Redraw in the app
Redraw in online banking
Submit a form online
Submit a Home Loan Access Request form and we’ll call you to confirm your request before processing it. A minimum redraw amount applies for this method of redraw.
Mail or fax a form to us, or take it to a branch
Complete a Home Loan Access Withdrawal Authority form (PDF). You can send it back to us by:
A minimum redraw amount applies for this method of redraw.
Submit a form online
Submit a Home Loan Access Request form and we’ll call you to confirm your request before processing it. A minimum redraw amount applies for this method of redraw.
Mail or fax a form to us, or take it to a branch
Complete a Home Loan Access Withdrawal Authority form (PDF). You can send it back to us by:
A minimum redraw amount applies for this method of redraw.
If you're not sure how to use your redraw facility we can help. Message us in the app or online banking, or give us a call.
You can message us in the Bankwest App or online banking, or call us – we're here 24/7.