Business Overdraft (Commercial Business, Agribusiness and Small Business)
Manage your short-term cash flow, unexpected expenses, or simply have access to extra credit when you need it.
Category: Overdrafts Last Updated July 31, 2024 Effective June 24, 2021
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate 10.24% 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.
OtherAdditional Information: Repayment type: Interest is charged on the portion of the overdraft that is used, no set principal repayments
OtherAdditional Information: Term: Ongoing limit, no fixed term
OtherAdditional Information: Security: Secured and unsecured options available.
OtherAdditional Information: Maximum limit of $1mil for small business customers
Product Eligibility
BusinessAdditional Information: You must be a registered Australian business with a current ABN or ACN.
OtherAdditional Information: Provide 2 consecutive years of financial information. This may be for a business you currently own or for a business you plan to purchase.
OtherAdditional Information: Security such as cash, residential, commercial or rural property, business assets, or a combination of these is required for a secured overdraft.
Bank Fees and Charges
Establishment Fee (Variable), Amount: Not Listed.. Additional Information: Determined at application.
Other Fees (Variable), Amount: Not Listed.. Additional Information: All businesses are different, and accordingly, the cost of a business loan will differ depending on your type of business and your needs. Please contact us to discuss your requirements and we can advise you of the applicable costs. Or you can refer to the Lending Fees and Charges brochure for more details.
Facility Fee (Periodic), Amount: 150.00. Additional Information: Determined at application based on the approved overdraft facility: <= $100,000 = $150p.q., $100,001 <= $250,000 = $300p.q., $250,001 <= $500,000 = $500p.q., > $500,000 = 0.75% per annum of your overdraft limit or as outlined in your Credit Contract or Letter of Offer, charged quarterly in arrears, Facility Fee does not relate to the Unsecured Overdraft product.