RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

  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.

 Product Features

  • Digital Banking
  • Other Additional Information: Interest rate type: Variable
  • Other Additional Information: Repayment type: Interest is charged on the portion of the overdraft that is used, no set principal repayments
  • Other Additional Information: Term: Ongoing limit, no fixed term
  • Other Additional Information: Security: Secured and unsecured options available.
  • Other Additional Information: Maximum limit of $1mil for small business customers

 Product Eligibility

  • Business Additional Information: You must be a registered Australian business with a current ABN or ACN.
  • Other Additional 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.
  • Other Additional 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.

 Document Downloads

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Download our complimentary 650-page guide on marketing for mortgage brokers. We'll show you exactly how we generate billions in volume for our clients.
Finance Guide, Cropped Top and Bottom
  Timezone: 1 · [ CHANGE ]

■ ■ ■

 
Download our complimentary 650-page guide on marketing for mortgage brokers. We'll show you exactly how we generate billions in volume for our clients.
Finance Guide, Cropped Top and Bottom
  Timezone: 1 · [ CHANGE ]

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