Home Loans

Residential Redraw

Redraw from your fixed rate home loan at anytime.

NBS Clients - Edee and Ryan

Redraw from your fixed rate home loan at any time, for free (min. $1,000 per withdrawal*).

NBS Residential Redraw is a home loan product that gives you access to additional principal repayments you have made on your loan above the scheduled minimum. Additional repayments can be in the form of lump sum deposits or by making higher recurring repayments than the minimum. These additional repayments can help to reduce the balance of your home loan and the interest you pay on it.

While the redraw feature is designed for infrequent use, it can be handy for those times you face an unexpected bill, or you need access to money for a big ticket item. The amount of available funds will reduce as your loan progresses towards maturity.

(*min $1,000 per withdrawal, 2 withdrawals per month)

Residential Redraw set up options

  • Choose monthly, fortnightly or weekly repayments.
  • You can make additional lump sum repayments or regularly pay more than your minimum required repayment. This will build up the balance you have available to withdraw, and may reduce the time it takes to pay off your home loan.
  • The Residential Redraw may also give you the opportunity to take a break from your scheduled repayments. 
  • Maximum term is 25 years.

Rates & Fees

NBS Home Loan Rates
1 Year Fixed 7.65% p.a.
2 Year Fixed 7.25% p.a.
Variable 9.00% p.a.
NBS Flexi Loan - Interest rates start from 9.00% p.a.

Interest rates are current and subject to change.

NBS Residential Term, Residential Redraw, NBS Interest Only
Loan Establishment Fee From $450.00
Loan Additional Funds $250.00
Interest Rate Review $50.00
Discharge Mortgage Fee $50.00
Default Interest Rate 4.00% p.a. above annual interest rate
Default Administration Fee $45.00 per event
Insurance Arrears Payment Fee $25.00
Rates Arrears Payment Fee $25.00
Motor Vehicle Security Variation/Security Swap Fee $30.00
Duplicate Statement Fee $5.00
Early Repayment Adjustment (Formula based calculation required CCCFA) P.O.A
Early Repayment Administration Cost $50.00

Fees are subject to change. 


Terms and Conditions

NBS’ current Loan Agreement Specific Terms and General Lending Terms are available free of charge from any NBS branch. NBS lending criteria and the above terms apply.