TruBlu - Global Redraw Limit Facility
What sets it apart from the rest...
 What is it?
Under a global redraw limit loan, redraw does not need to be restricted to specific loan accounts. That is, redraw available under the loan can be drawn from any loan account with available limit of at least the redraw amount.
History:
Historically under a split or multi account loan structure, redraw is accumulated in the account where the additional payments are made. If for example there is a non-deductible split/loan account (say Account 1) and a tax deductible split/loan account (say Account 2) then most borrowers would choose to make any additional payments to Account 1 i.e. the non-deductible split. Hence, redraw would accumulate and reside in Account 1.
If funds were required for business/investment purposes and funds were redrawn from the account where the additional payments were made i.e. Account 1, the result would be the mixture of deductible debt and non deductible debt. Considerable effort and expense may be incurred to calculate the split between tax deductible interest and non tax deductible interest.
Now
With Global Redraw Limit you have the ability to directly redraw funds from any loan account. That is, in the example above you are able to direct all additional payments to Account 1 and benefit from the reduced interest charge as the outstanding balance is reduced and conveniently redraw directly from Account 2 where the purpose of the funds are for business/investment purposes.
Benefits
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$0 fee and no interest rate loading for this global redraw limit facility or for any redraw made under this arrangement using LinkLoan Online
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Maximum redraw flexibility |
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Empowers you on multi account/split loan structure to redraw available funds from appropriate loan accounts i.e. purpose based redraw |
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Powerful wealth creation/tax advantageous structuring feature |
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Seamless process for redrawing funds between loan accounts => your convenience |
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