Releasing the security on your business loan?
What does it mean to release my loan security?
You can release the security provided for your business or home loan if you are selling, refinancing, substituting security (which means switching out an asset you wish to use for loan security), removing a guarantor, closing a linked term deposit or simply repaying and closing your loan. This is also known as discharging your loan.
How do I release my loan security?
If you are a Business banking customer or have Company, Trust or Super Fund Borrowing you need to speak to your relationship manager or complete the Business Release Enquiry form online.
If you are a Personal banking customer with no business products please check out the home loans release page for more details.
What happens next?
Step 1
Submit a Business Release Enquiry form online.
Alternatively, email a completed PDF version of the form to your relationship manager or visit a branch.
Step 2
You will be contacted by a business banking specialist.
Step 3
The business banking specialist will collect any additional information required and discuss the next steps with you.
Things you should know
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