You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you convenient access to an approved limit when you need it.
Category: Overdrafts Last Updated December 19, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information Variable interest rate on Residential Security
Interest Rate 12.01% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, VARIABLE, 12.01%
Lending Rate Type: Variable
Interest Rate: 12.01%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Product Features
OtherAdditional Information: Link your Business Overdraft to a Business Visa Debit Card and you have international access. Use your own money to purchase over the phone, via the Internet or anywhere that Visa is accepted.
OtherAdditional Information: Interest only repayments - Interest is only charged on the funds utilised, not on your whole overdraft limit
OtherAdditional Information: Conveniently linked to your business account. Our Business Overdraft is attached to your Everyday Business Account or a Business Management Account, so you can conveniently access your funds whenever you need it.
OtherAdditional Information: Security options - Can be secured by residential property (maximum LVR of 80%) and/or non-residential property (maximum LVR of 70%)
Digital BankingAdditional Information: Range of access options - Access your overdraft via cheque book, branch, ATMs, EFTPOS, internet and mobile banking.
OtherAdditional Information: Minimum loan amount is $10,000
OtherAdditional Information: Manage your short-term cash flow, unexpected expenses, or simply have access to extra credit if the business need arises
Product Eligibility
BusinessAdditional Information: Business Customers
Bank Fees and Charges
Application Fee (Upfront), Amount: Not Listed.. Additional Information: 0.75% of the approved limit applies (minimum $750). A higher fee may be payable where the transaction or corporate structure of the borrower is more complex than usual and therefore requires additional consideration beyond normal assessment work.
Agreed Credit Advance Fee (Periodic), Amount: Not Listed.. Additional Information: 0.30% of the approved limit, with a minimumof $70.00. The fee will be charged quarterly on the last day of March, June, September and December
Monthly Service Fee (Periodic), Amount: 0.0000. Additional Information: Nil
Emergency Limit Fee (Event), Amount: 300.0000. Additional Information: Payable for the establishment of a temporary increase to your business overdraft facility limit
Limitations & Restrictions (Constraints)
Min Limit of 10000.0000000000 Additional Information: Minimum loan amount
