Redraw Application
I/We request and authorise you to make the Redraw Advance by depositing the proceeds to my / our nominated savings account below. I / W e acknowledge that; a) Where the loan is in more than one borrowers name, then this document may be signed by only one of the named borrowers; b) If the account is set up as 2 to sign, then it requires both members to sign this document; c) If you accept this request, the amount of my / our scheduled repayments may be recalculated in accordance with my / our Loan Contract; d) You may accept or reject this request at your discretion; e) There have been no significant changes to my / our capacity to repay since the loan was first provided. After the Redraw advance is made, I / We will continue to comply with all our obligations under the Loan Contract. Membership Number: _________________ Name of Borrower(s): ____________________________________________________________ Address: _______________________________________________________________________ Amount of this Redraw $_____________________ Loan Account to Redraw: _________________ Savings Account to be Credited: ______________
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Signature of Borrower
Signature of Borrower
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Date
Date SPECIAL CONDITION
1.
LOAN DRAWBACK FACILITY
1.1
With our consent on each occasion, you may draw back excess repayments up to but not more than, the amount that would have been the outstanding balance under this loan contact had you made all the repayments as the loan contract requires.
1.2
If there is more than one borrower under this contract, you authorise us to process the drawback on the instructions of any of you until such time as any of you advise us, in writing, to the contrary. Signature of Borrower
Signature of Borrower
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Date
Date
LNS_RD
Version 1.1
Reliance Bank and Bankstown City Unity Bank are divisions of Unity Bank Limited. ABN 11 087 650 315 AFSL/ Australian Credit Licence 240399 PO Box K237 Haymarket NSW 1240 emal:
[email protected]
LNS_RD
Version 1.1
