S6 Business Plus account with secured or unsecured overdraft
Category: Overdrafts Last Updated October 29, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information Non billing overdraft. Rates available for unsecured or mortgage secured
Interest Rate 8.00% 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 Features
Card Access
Additional Cards
Unlimited Txns
Digital BankingAdditional Information: NetBanking
Digital Wallet
Npp Payid
Npp Enabled
Overdraft
Product Eligibility
Business
Residency Status - Australian Registered Business.
Bank Fees and Charges
Overdraft Establishment Flat (Upfront), Amount: 699.00. Additional Information: One off establishment fee of 0.25% of limit or $699 whichever is greater
Overdraft Establishment Percent (Upfront), Amount: Not Listed.. Additional Information: one off establishment fee of 0.25% of limit of $699 whichever is greater
Loan Discharge Fee (Event), Amount: 150.00. Additional Information: This fee covers the costs associated with releasing your title and is charged per security discharged
Overdraft Facility Fee (Periodic), Amount: 250.00. Additional Information: Annual fee to administer your overdraft facility
Home Loan Legal Fee (Event), Amount: 430.00. Additional Information: A one off fee required to document and settle your loan.
Home Loan Trust Deed Legal Fee (Event), Amount: 132.00. Additional Information: A trust deed is reviewed if a trust entity is the borrower or guarantor of the loan.
Property Valuation Fee (Variable), Amount: 300.00. Additional Information: If using a property as security for a loan, we need to ascertain what the property is worth. This fee covers the cost of valuing your property. Fee varies dependent on type and complexity of property.
Guarantor Security Variation (Event), Amount: 300.00. Additional Information: Changes to a guarantor security and removing guarantor(s) from a loan. Charged per security
Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
Security Guarantee Fee (Event), Amount: 200.00. Additional Information: If you require or elect to have a guarantor for your loan, this fee is charged to cover the additional administration costs. This fee is charged per guarantor.
Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds