Business Overdraft
Essentials
- We've cut the Business Overdraft interest rate by 0.5% p.a.
- Only pay interest on the money you use
- Access the overdraft through your working account
- Flexible repayment options - pay what you want, when you want.
- Just ensure the amount owing remains under the agreed limit
- An overdraft needs to be secured by residential, commercial or rural property.
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Things you should know
- Any application for finance will be subject to the Bank's normal lending criteria. Terms and conditions apply and are available on request.
Features
Have cash at hand to tender for those larger jobs or to negotiate a better price with your suppliers.
- Minimum overdraft $20,000; no maximum
- Immediate access to funds via your regular transaction account through branches, mobile, Telephone and Online Banking, as well as one of Australia's largest ATM networks.
- No term - you call the shots.
Things you should know
- Any application for finance will be subject to the Bank's normal lending criteria. Terms and conditions apply and are available on request.
Fees
As every business is different, application and loan fees are based on how much you borrow and the type and value of the property you use to secure the loan1.
Contact us for a detailed quote.
Things you should know
- Any application for finance will be subject to the Bank's normal lending criteria. Terms and conditions apply and are available on request.
Rates
- Business Overdraft rate is a variable rate, currently 8.91% p.a. and subject to change
- Rate is current as at 14 May 2012
- Interest is calculated daily and charged monthly on the amount used
- Fixed rates are not available for business overdrafts.
Things you should know
- Any application for finance will be subject to the Bank's normal lending criteria. Terms and conditions apply and are available on request.
