Business Overdraft (residential secured)

 General Lending Rates

 Product Features

• Overdraft Additional Information: Overdraft approval amount = overdraft limit. Once approved the overdraft limit is loaded on to an Everyday Business Account.

• Relationship Management Additional Information: All business overdraft accounts come with a dedicated Relationship Manager.

• Other Additional Information: $0 Monthly service fees. Leaving you with more money to invest in your business.

• Other Additional Information: Only pay interest on your debit balances. No line fees or facility fees.

• Other Additional Information: If the debit balance on your account doesn't exceed the approved limit there's no need for monthly repayment.

• Other Additional Information: Overdrafts can be secured through residential or commercial property.

 Product Eligibility

• Business Additional Information: Loan purpose must be business related.

• Business Additional Information: Applicant/s Guarantors must be a legal entity registered within Australia.

• Min Age - 18. Additional Information: All individuals, directors, guarantors, trustees, members must be 18+ yrs.

• Residency Status - All Individuals, Directors, Guarantors, Trustees, Members Must Be An Australian Resident..

• Other Additional Information: Applications for Overdrafts are subject to credit approval. Property offered as security must be acceptable within policy.

 Bank Fees and Charges

• Account Information Fee (Event), Amount: 20.00. Additional Information: Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, traces, document copies (other than those specified above) and/or information pertaining to an account Where further investigation is required an additional hourly rate of $20 per hour will apply. An estimate of the costs involved will be provided prior to the work being undertaken.

• Arrears Letter Fee (Event), Amount: 22.00. Additional Information: Payable where Great Southern Bank sends you a letter in relation to arrears on your account.

• Default Notice Fee (Event), Amount: 33.00. Additional Information: Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.

• Property Valuation Fee (Variable), Amount: Not Listed.. Additional Information: A property valuation fee is payable for each commercial property offered as security. The fee is payable at loan settlement and will be included in your Credit Contract. The amount of the fee will be subject to the Great Southern Bank panel valuers scale of fees current at that time. A property valuation fee may also be charged if Great Southern Bank considers it necessary to revalue the property at any time.

• Monthly service fee (Periodic), Amount: 0.00. Additional Information: $0 monthly account keeping fees

• Overdrawn Or Over Limit Fee (Event), Amount: 6.00. Additional Information: Payable where you exceed the actual balance or authorised limit of your overdraft facility and the debt is caused by a cheque withdrawal or electronic transaction (including ATM, EFTPOS and Bank@Post transactions and Visa purchases).

• Debt Collection Fee (Variable), Amount: Not Listed.. Additional Information: Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to recover the funds and are debited to the account that is "out of order".

• Security Adminstration Fee (Upfront), Amount: 235.00. Additional Information: For each security offered to the Great Southern Bank loan. A securities administration fee applies to all secured credit facilities. The securities administration fee represents the average cost based on typical charges incurred in settling loans, including: • Progressive drawdowns • Bank cheque fee • Agent fee • Land title search • Credit reference fee • PPSR searches • PPSR charges

• Discharge Fee (Exit), Amount: 500.00. Additional Information: If you pay out the loan partially or in full where a discharge of security is required, or you request a discharge of a security, a discharge fee is payable (per release or transaction).

• Establishment Fee (Upfront), Amount: 750.00. Additional Information: Establishment Fee irrespective of total loan amount applied for. In some instances, where business loan applications are complex, an application fee may be required before a loan is considered. In these instances, we will advise the borrower of the applicable fee prior to commencement of the application.

• Production Fee (Event), Amount: 100.00. Additional Information: If you request a title held by Great Southern Bank to be produced to a relevant state’s land titles office for any purpose, a production fee is payable.

• Re-documentation Fee (Event), Amount: 300.00. Additional Information: Where a borrower requests, and Great Southern Bank agrees, to a restructure of a loan between approval and funding and that change requires amended documentation to be prepared, a fee will be payable.

• Variation Fee (Event), Amount: 300.00. Additional Information: A variation fee is payable if you request any changes to the Credit Contract or Security - for example: - Re-arrange and/or substitute a security on a mortgage - Consent to any dealings in relation to property - Switch from one interest rate product to another, at the request of the borrower - Where a fixed interest rate has decreased between loan approval and loan funding, at the request of the borrower.

• Increase To An Existing Business Term Loan Or Overdraft (Event), Amount: Not Listed.. Additional Information: As a guide, an establishment fee of 0.15% of the total additional loan amount / limit applied for will apply, subject to a minimum fee of $400.

• Government Fees And Charges (Variable), Amount: Not Listed.. Additional Information: Government fees and charges relating to stamp duty and registration are payable on an event causing a change or variation to the transaction and/or security being taken in the applicable state or territory. The amount of the fee will be subject to the relevant government scale of fees current at that time.

• Solicitors Costs (Variable), Amount: Not Listed.. Additional Information: Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf.

 Limitations & Restrictions (Constraints)

• Max Limit of 250000.00

• Min Limit of 20000.00