RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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  Commercial Unsecured Overdraft

This product is for consumers who wish to obtain a flexible unsecured line of credit with a variable interest rate
Category: Overdrafts  Last Updated October 27, 2024  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information Commercial Base Rate
Interest Rate
9.81% 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

  • Other Additional Information: Access up to $250K additional funds in your business transaction account.
  • Other Additional Information: No fixed term, pay what you can, when you can - as long as the overdraft stays under the limit.
  • Other Additional Information: Pay suppliers and wages when cash flow gets tight.
  • Other Additional Information: Approved limit: A transaction account with an approved limit and 24/7 access to available funds.
  • Other Additional Information: Flexible repayment options: No set repayments
  • Other Additional Information: 24/7 access: You can access your commercial overdraft using a Business Visa Debit Card, Internet and Phone banking or in branch.
  • Other Additional Information: Security: There is no need to secure the overdraft against any assets. Directors' Guarantee will be required for Company borrowers.
  • Other Additional Information: Fixed rates are not available for the Unsecured Commercial Overdraft. Talk to your banker today for more information on applicable interest rate and fees.
  • Other Additional Information: Interest is calculated daily on the balance owing, and charged monthly.
  • Extra Repayments Additional Information: Subject to terms and conditions, this product has EXTRA_REPAYMENTS option available.
  • Relationship Management Additional Information: Relationship management is available for eligible customers.
  • Other Additional Information: Lending Establishment Fee applies on contract execution.

 Product Eligibility

  • Business Additional Information: Your business must be registered in Australia
  • Other Additional Information: For existing eligible BOM customers.
  • Other Additional Information: A business entity or an individual 18 years and above, domiciled in Australia
  • Other Additional Information: Meets the credit criteria and credit policy requirements under an applicable offer for this product.
  • Other Additional Information: Requires the funding for business or investment purposes other than investment in residential property

 Bank Fees and Charges

  • Line Fee (Variable), Amount: Not Listed.. Additional Information: A Line fee is charged monthly on the overdraft limit. This Fee is subject to negotiation. It will be set out in your Facility Offer.

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