Business Overdraft

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 12.01%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional 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.

• Other Additional Information: Interest only repayments - Interest is only charged on the funds utilised, not on your whole overdraft limit

• Other Additional 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.

• Other Additional Information: Security options - Can be secured by residential property (maximum LVR of 80%) and/or non-residential property (maximum LVR of 70%)

• Digital Banking Additional Information: Range of access options - Access your overdraft via cheque book, branch, ATMs, EFTPOS, internet and mobile banking.

• Other Additional Information: Minimum loan amount is $10,000

• Other Additional Information: Manage your short-term cash flow, unexpected expenses, or simply have access to extra credit if the business need arises

 Product Eligibility

• Business Additional 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

 Document Downloads

  facility-general-conditions.pdf (1.8 MB)
  business-banking-guide-fees-and-charges.pdf (744.7 KB)