Business Overdraft
Short-term finance for business expenses.
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment fee ≤$3m up to 0.50% of limit >$3m available (& negotiable) on application | Upfront | Variable |
| Line fee or unused limit fees Charged every 6 months · Line fee or unused limit fees may apply and are available on application. | Ongoing | Variable |
| Registration, Government Transaction charges & third party fees Registration, Government Transaction charges & third party fees may apply. | Event | Variable |
Features
- Extra repayments
- Borrower can repay the principal and interest in part or in full at any time.
- Not provided on a standalone basis, only available in addition to Business Transaction Account and other products.
- Interest payment Interest is capitalised. Interest is charged on the drawn balance.
- Loan Collateral Property, Business assets.
- LVR - Business Assets LVR vary by Industry. Dependent on amortisation and asset profile. Subject to lending criteria.
- Redraw facility
- Redraw of funds is available.
- Overdraft available
Eligibility
- Business customers
- Minimum age — 18 years
- Borrowers: Company, Partnership, Trust
Constraints
- Minimum limit — $50,000.00
- Maximum LVR — 80%Applies to Residential Property. Property Security LVR is dependent on location and value of Security. Loans to medical professionals with a fellowship from an Australian Medical College or healthcare businesses meeting our Health Goodwill Guidelines can receive up to an additional 10% LVR if the lending is against the residential property (excluding 'retail' borrower investments. A 'retail' borrower includes an investor in residential property that is an individual regulated under NCCP or is a company that is not a trading business or has less than 4 properties). Lending criteria apply.
- Maximum LVR — 70%Applies to Commercial Property. Dependent on location and value of Security. Loans to medical professionals with a fellowship from an Australian Medical College or healthcare businesses meeting our Health Goodwill Guidelines can receive up to an additional 10% LVR if the lending is against the commercial owner-occupied property. Lending criteria apply.
Bundles
Business Overdraft
Business overdrafts are not provided on a standalone basis, only available in addition to other products.
More Information
Published by Macquarie Bank Limited under the Consumer Data Right · Last updated 1 May 2026 · Product ID BB001MBLOVR001 · View on CDR.gov.au · View Source Data (JSON)