Commercial Unsecured Overdraft
OverdraftsData Sharing Status
This product is for consumers who wish to obtain a flexible unsecured line of credit with a variable interest rate
- From
- 9.81%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Commercial Base Rate | 9.81% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Line Fee Charged monthly · 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. | Ongoing | 1.2% of balance |
Lending Establishment Fee
| Upfront | $250.00 |
Features
- 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
- Approved amount of extra funds linked to your business transaction account
- Access funds when spending exceeds your business account balance
- Secured or unsecured option
- Variable interest rates
- 24/7 access to available funds, up to the approved limit
- Redraw facility
- Repay and redraw at any time within the approved limit
Eligibility
- Business customersYour business must be registered in Australia
- Minimum age — 18 years An individual 18 years and above
- A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
- Meets the credit criteria and credit policy requirements under an applicable offer for this product.
- For existing eligible BOM customers.
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 15 May 2026 · Product ID BOMUnsecuredCommercialOverdraft · View on CDR.gov.au · View Source Data (JSON)