An Overdraft is a continuing line of credit facility attached to your transaction account. It's designed to help you over those peak periods when unexpected bills arrive. You can draw as much or as little as you want up to your pre-approved limit.
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Key Features |
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|---|---|
| Variable interest rate | View our interest rates |
| Minimum amount | $500 |
| Maximum amount |
$20,000 |
| Loan period | Continuing credit |
| Repayments | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, charged monthly on the portion of the overdraft used |
| Processing fee | $80 (funded with loan) |
| Monthly account keeping / service fees | No |
| Loan Repayment Insurance available | No |
| Auto repayments (salary / account) | Yes |
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