Redraw Facility

What is a Redraw Facility?

In case you have prepaid an amount exceeding your fixed monthly instalment without notifying the bank, you have the option to withdraw the surplus amount once the loan is fully disbursed.

What are the criteria for me to request for Redraw Facility?

The eligibility to request for Redraw Facility are as follows:

  1. You must be a financing account holder. Funds will only be credited into the first party current/savings account-i that has been added to Public Bank’s online banking only.
  2. Redraw eligibility is based on the “Available Redraw Amount” stated in MyPB and terms and conditions for Redraw.
Whom should I contact to know about my Redraw Request status?

You will be able to get further updates and information by contacting your Account Holding Branch.