Business Overdraft (commercial secured)
A Great Southern Bank Business overdraft can help you to closely manage your cashflow without compromising your business goals.
- From
- 10.35%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 10.35% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Information Fee Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, traces, document copies (other than those specified above) and/or information pertaining to an account Where further investigation is required an additional hourly rate of $20 per hour will apply. An estimate of the costs involved will be provided prior to the work being undertaken. | Event | $20.00 |
| Arrears Letter Fee Payable where Great Southern Bank sends you a letter in relation to arrears on your account. | Event | $22.00 |
| Default Notice Fee Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account. | Event | $33.00 |
| Property Valuation Fee A property valuation fee is payable for each commercial property offered as security. The fee is payable at loan settlement and will be included in your Credit Contract. The amount of the fee will be subject to the Great Southern Bank panel valuers scale of fees current at that time. A property valuation fee may also be charged if Great Southern Bank considers it necessary to revalue the property at any time. | Upfront | Variable |
| Monthly Service Fee $0 monthly account keeping fees |
Features
- Overdraft available
- Overdraft approval amount = overdraft limit. Once approved the overdraft limit is loaded on to an Everyday Business Account.
- Relationship management
- All business overdraft accounts come with a dedicated Relationship Manager.
- $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.
- If the debit balance on your account doesn't exceed the approved limit there's no need for monthly repayment.
- Overdrafts can be secured through residential or commercial property.
Eligibility
- Business customersLoan purpose must be business related.
- Business customersApplicant/s Guarantors must be a legal entity registered within Australia.
- Minimum age — 18 yearsAll individuals, directors, guarantors, trustees, members must be 18+ yrs.
- Residency status — All individuals, directors, guarantors, trustees, members must be an Australian Resident.
- Applications for Overdrafts are subject to credit approval. Property offered as security must be acceptable within policy.
Constraints
- Maximum limit — $250,000.00
- Minimum limit — $20,000.00
More Information
Published by Great Southern Bank under the Consumer Data Right · Last updated 26 May 2026 · Product ID 2555-4000 · View on CDR.gov.au