Home loans in a company name
How will home loans in a company name work at ANZ?
Home loans held in a company name at ANZ do not have a redraw facility.
This means if your home loan is held in the name of a company, you’ll no longer have access to a redraw facility after your loan moves to ANZ.
Not all the information on this page will be relevant to you. Please refer to the email or letter that Suncorp Bank has sent you to understand how some of the key changes will impact your home loan.
If you haven’t received either email or letter, please contact us.
What does this mean for me?
If you’d like to keep access to any extra money you’ve paid on your loan (Cashback/redraw), you’ll need to withdraw it before your loan moves to ANZ.
If you leave this money in your loan before it moves to ANZ, it will be applied to your loan when it moves to ANZ. This may also mean your ANZ minimum repayment is closer to what you currently pay at Suncorp Bank.
If your Home Loan in a Company Name has no outstanding balance (including due to available advance funds being applied), visit the Home loans with no outstanding balance page for more information.
Once your loan has moved to ANZ, you won’t be able to withdraw these funds.
Your fixed rate loans
If you have a fixed rate loan and have paid an advance amount, you’ll need to book an appointment to speak with one of our home loan specialists about your options.
What if I still want access to redraw funds?
Home loans held in a company name do not have access to a redraw facility at ANZ.
If you want access to available Cashback/redraw funds, you’ll need to submit a cashback withdrawal request to withdraw some or all of your funds in your Cashback/redraw before the move.
What do I need to do before the move?
If you have advance funds in your home loans held in a company name, decide if you want to access them. If you do, you’ll need to submit a cashback withdrawal request to transfer your available Cashback/redraw into your preferred account before your home loan moves to ANZ.
Frequently Asked Questions
Our Home Loan Cashback feature lets you redraw funds that you've paid in advance of your normal scheduled home loan repayments.
You can still redraw this excess money at any time – for school and university expenses, a holiday, renovation, or any other purpose. This feature is available on Standard Variable and Back to Basics Variable home loans.
For now, nothing changes. Before your loan moves to ANZ, you can still access any available Cashback/redraw funds on eligible loans.
After the move, what you can access will depend on your loan type and features. You’ll soon be sent an email or letter from us outlining some key changes to your loan that will apply after the move.
Suncorp Bank is still your loan provider until your existing loan moves to ANZ, and in the meantime we’ll continue to help you manage your existing loan.
If you're thinking about refinancing, switching products or making any other change, book an appointment, contact us or speak with your broker or Relationship Manager about your options before the move. We’ll stop processing some service requests closer to the move date.
We're no longer accepting new loan applications. If you already have one in progress get in touch with us or your broker so we can talk through what this means for you.
Once your loan moves, you’ll bank with ANZ and can contact them for any changes to your loan.
The timing depends on the change you’d like to make, so it’s a good idea to review the information we send you and act as early as you can. We'll stop processing some service requests closer to the move date.
If you’d like to talk through your options or need support, book an appointment with a loan specialist, or if you have a Relationship Manager, please contact them directly.
Have another question about the move to ANZ?
Chat to our virtual assistant, Scout. Scout is here to help or can connect you to someone who can.
Things you should know
Any advice as well as any information relating to the move from Suncorp Bank to ANZ is of a general nature and is being provided without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information in this website. It does not constitute legal or tax advice, and you should seek expert advice in this regard.
Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722) (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of changes relating to the current product offerings can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.
