{
  "source": "https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMUnsecuredCommercialOverdraft",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "BOMUnsecuredCommercialOverdraft",
    "lastUpdated": "2026-05-15T04:04:04Z",
    "productCategory": "OVERDRAFTS",
    "name": "Commercial Unsecured Overdraft",
    "description": "This product is for consumers who wish to obtain a flexible unsecured line of credit with a variable interest rate",
    "brand": "Bank of Melbourne",
    "isTailored": false,
    "additionalInformation": {
      "overviewUri": "https://www.bankofmelbourne.com.au/business/business-loans/unsecured-commercial-overdraft",
      "termsUri": "https://www.bankofmelbourne.com.au/business/business-loans/unsecured-commercial-overdraft",
      "eligibilityUri": "https://www.bankofmelbourne.com.au/business/business-loans/unsecured-commercial-overdraft",
      "feesAndPricingUri": "https://www.bankofmelbourne.com.au/business/business-loans/unsecured-commercial-overdraft"
    },
    "features": [
      {
        "featureType": "OTHER",
        "additionalInfo": "Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Commercial Overdraft to a business transaction account or top-up your existing Commercial Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Approved amount of extra funds linked to your business transaction account"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Access funds when spending exceeds your business account balance"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Secured or unsecured option"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Variable interest rates"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "24/7 access to available funds, up to the approved limit"
      },
      {
        "featureType": "REDRAW",
        "additionalInfo": "Repay and redraw at any time within the approved limit"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Only pay interest on the overdraft amount used"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Manage cash flow while you wait for customer payments "
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Helps with unexpected business expenses"
      },
      {
        "featureType": "EXTRA_REPAYMENTS",
        "additionalInfo": "Subject to terms and conditions, this product has EXTRA_REPAYMENTS option available."
      },
      {
        "featureType": "RELATIONSHIP_MANAGEMENT",
        "additionalInfo": "Relationship management is available for eligible customers."
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "BUSINESS",
        "additionalInfo": "Your business must be registered in Australia"
      },
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18",
        "additionalInfo": " An individual 18 years and above"
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes"
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Meets the credit criteria and credit policy requirements under an applicable offer for this product."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "For existing eligible BOM customers."
      }
    ],
    "fees": [
      {
        "name": "Line Fee",
        "feeType": "PERIODIC",
        "feeMethodUType": "rateBased",
        "rateBased": {
          "rateType": "BALANCE",
          "rate": "0.012"
        },
        "additionalValue": "P1M",
        "additionalInfo": "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."
      },
      {
        "name": "Lending Establishment Fee",
        "feeType": "UPFRONT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "250.00"
        },
        "discounts": [
          {
            "description": "This fee is waived for new customers",
            "discountType": "ELIGIBILITY_ONLY",
            "discountMethodUType": "fixedAmount",
            "fixedAmount": {
              "amount": "250.00"
            },
            "eligibility": [
              {
                "discountEligibilityType": "OTHER",
                "additionalInfo": "Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Commercial Overdraft to a business transaction account or top-up your existing Commercial Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m"
              }
            ]
          }
        ]
      }
    ],
    "lendingRates": [
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0981",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "OTHER",
        "loanPurpose": "OTHER",
        "additionalInfo": "Commercial Base Rate"
      }
    ]
  }
}