BUSINESS OVERDRAFT

 General Lending Rates

 Product Features

• Unlimited Txns

• Digital Banking Additional Information: can access via SCCU NetBanking

• Digital Wallet

• Npp Payid

• Npp Enabled

• Overdraft

• Other Additional Information: Ability to repay the limit at any time

• Other Additional Information: Amounts deposited into the account will be utilised to repay the overdraft drawn

• Card Access

 Product Eligibility

• Business Additional Information: Sole Trader, partnership or company

• Residency Status Additional Information: Australian Registered business with an Australian address

• Other Additional Information: Meet SCCU credit assessment criteria demonstrating capacity to service facility

• Other Additional Information: For secured overdraft, offer acceptable residential or commercial security and have building insurance with SCCU noted as an interested party

 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

• Overdraft Security Variation (Event), Amount: 150.00.

• 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

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00