QUOTE(22222222 @ Jun 23 2011, 06:23 PM)
For first time redraw, yes u can get a lump sum . The calculation as below
=> (price of property + another 10% price of property) - (90% loan amount {if your loan is 90%}) = maximum amount that you are eligible to withdraw. If the amount in your account 2 is less than this eligible amount, then you can max out your account 2 loh.
For TS case, since he/she oledi buy the house long time ago...she/he oni can either through installment redraw or lump sum redraw and bank to loan acc.
if the SNP sign within 3 year still can withdraw to own account right??=> (price of property + another 10% price of property) - (90% loan amount {if your loan is 90%}) = maximum amount that you are eligible to withdraw. If the amount in your account 2 is less than this eligible amount, then you can max out your account 2 loh.
For TS case, since he/she oledi buy the house long time ago...she/he oni can either through installment redraw or lump sum redraw and bank to loan acc.
i think i remember within 3 year you can still claim to use for renovation