Secured Business Overdraft | Great Southern Bank

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Business Overdraft

Features & benefits Rates & fees How to apply

Features & benefits

There are times your working capital can be affected by natural cash flow fluctuations in your business. A business overdraft allows you to manage these times without compromising your business capacity or relationships.

$0 Monthly service fees

Leaving you with more money to invest in your business.

Only pay interest on your debit balances

No line fees or facility fees.

Flexible repayments

If the debit balance on your account doesn't exceed the approved limit there's no need for monthly repayment.

Options to secure

Overdrafts can be secured through residential or commercial property.

Rates & fees

Investing in your business shouldn’t cost you extra. That’s why we don’t charge you unnecessary monthly fees or penalties for paying your loan off early.

For full details, see the Business Lending Schedule of Fees.

Interest rate

Residential Security

9.20

p.a.

Commercial Security

10.10

p.a.

Rates are available to approved business applicants for commercial purposes only.

Fees

Business Overdraft Service fee

Overdraft line fee

Overdraft establishment fee

$750

Securities Administration Fee (secured only)

$235

Other fees may apply. For a full list of all fees, please refer to our Business Lending Schedule of Fees.

How to apply

Complete the enquiry form and one of our friendly Business Banking Specialists will contact you shortly.

Eligibility

Business overdrafts may be suitable for:

Sole traders
Partnerships
Companies
Trusts
Co-operatives
Incorporated Associations

Contact me

Get in touch

We are here to help.

Call 1300 767 506

Mon - Fri: 8:30am - 5:00pm (AEDT)

commerciallending@gsb.com.au

Get in touch with our friendly staff

Important Information

For important information, view the contents of our Business Lending Terms and Conditions brochure here.

Rates current as at 23 November 2023 and subject to change. For Principal and Interest and Interest Only loans.

Loans are issued by Great Southern Bank a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply. Ask us for details.

Rates are available to approved business applicants for commercial purposes only.