Business Overdraft

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 11.33%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 11.93%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 17.43%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Penalty
• Interest Rate: 16.50%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Overdraft Additional Information: An overdraft is a revolving credit facility so you can continue to access funds as and when you need.

• Overdraft Additional Information: There are no fixed repayments, unlike a term loan or business loan.

• Overdraft Additional Information: Manage unexpected expenses, or cover the cash flow gap between receiving payments from customers and paying your suppliers.

• Overdraft Additional Information: Access your overdraft just like you would funds in your business account, using an ATM, Netbank, CommBiz, EFTPOS, cheque, over the phone, in branch and the CommBank app.

• Overdraft Additional Information: Only pay interest on the balance of your overdraft.

• Overdraft Additional Information: No need to make regular repayments.

 Product Eligibility

• Business Additional Information: Subject to eligibility and credit criteria, a business overdraft may be suitable for businesses of any size with a cash flow need, including: sole traders, partnerships, trusts, limited or proprietary limited companies.

• Business - You Can Apply If Your Business Is: . Additional Information: A registered Australian business that includes sole traders, partnerships, trusts, limited or proprietary limited companies and if you are seeking a loan for business purposes only

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been overdrawn or had your account in arrears anytime in the past 3 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been declared bankrupt in the last 5 years.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't had any accounts in collections in the past 6 months.

 Bank Fees and Charges

• Establishment Fee (Upfront), Amount: 0.00. Additional Information: A one-off establishment fee when you open your overdraft. We'll waive this fee if you're eligible to apply online. Other fees and charges may apply.

• Overdraft Line Fee (Periodic), Amount: Not Listed.. Additional Information: A regular Overdraft Line Fee charged Monthly. Fees charged may vary due to a number of factors relating to the application.

• Overdraft Line Fee (Periodic), Amount: Not Listed.. Additional Information: A regular Overdraft Line Fee charged Quarterly. Fee charged may vary due to a number of factors relating to the application.

• Fee (Event), Amount: 0.00. Additional Information: The amount and frequency of each fee depends on your individual circumstances and the other options you choose.

 Limitations & Restrictions (Constraints)

• Min Limit of 2000.00 Additional Information: The minimum overdraft amount is $2,000

• Max Limit of 250000.00 Additional Information: The maximum overdraft amount is $250,000 for unsecured overdrafts

 Document Downloads