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

Does my loan have redraw?

• 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, available funds to redraw is $1500.

How do I access my redraw?

• By calling into your local branch & requesting a redraw.
• Via SWSCU App or internet banking.

Why can’t I redraw on my Loan?

• 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.