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				<title>bamboosam replied to the topic Offset Account in the forum Finance</title>
				<link>https://www.propertyinvesting.com/topic/4393812-offset-account-2/#post-4590804</link>
				<pubDate>Tue, 12 Aug 2008 01:11:05 +0000</pubDate>

									<content:encoded><![CDATA[<p>elkam wrote:<br />
A redraw facility is the ability to re borrow any extra repayments you&#039;ve made off your loan but you can think of each withdraw as a new little loan which has to pass the &quot;purpose test&quot;. If you use a re draw for personal expenses, then even if the original loan is ( or becomes)  for investment purposes, then this amount is no longer&hellip;<span class="activity-read-more" id="activity-read-more-29267"><a href="https://www.propertyinvesting.com/topic/4393812-offset-account-2/#post-4590804" rel="nofollow">[Read more]</a></span></p>
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