The overdraft facility is an optional feature of the BOQ Specialist One account. The facility can help you to manage your cash flow, particularly when paying for practice expenses. It can give you an unsecured line of credit and you don't have to use your personal property as security. You only pay interest on what you use, not on the entire credit limit.
Category: Overdrafts Last UpdatedOctober 1, 2025EffectiveDecember 22, 2025
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate 7.85% 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 vary based on the LVR and other conditions..
Product Features
OverdraftAdditional Information:Optional overdraft with a secured or unsecured line of credit.
OtherAdditional Information:Integration with accounting software such as MYOB, Xero and Banklink, allowing you to easily manage your practice cash flow.
OtherAdditional Information:Only pay interest on what you use, not the entire amount. No set repayments, you only pay interest on the funds you have used, there are no charges on any credit you don't use
OtherAdditional Information:Interest Only payments with terms up to 30 years
OtherAdditional Information:Access to additional money to use as and when you need it. Additional funds can be accessed like you normally would - by withdrawing cash at ATMs and making purchases using your BOQ Specialist debit card. You can also continue to transfer from your account through internet banking and the BOQ Specialist mobile banking app.
OtherAdditional Information:Earn a competitive rate of interest on account credit balances.
OtherAdditional Information:For a secured line of credit, you could access up to $100,000, and for an unsecured line of credit, you could access up to $500,000 without using your personal property as security.
Product Eligibility
Residency Status - Resident Or Citizen.
Min Age - 18.
OtherAdditional Information: Exclusively available to medical professionals and accountants
Bank Fees and Charges
Optional Overdraft Facility Application Fee (Upfront), Amount: 495.0000. Additional Information: If your Overdraft is approved and established, the Application Fee will be debited from your Account