Business Overdraft (Secured)
An overdraft amount that’s secured by your assets, and attached to your Business Everyday or Business Premium bank account.
Plus with Suncorp Bank, you’ll enjoy no set monthly repayment, and interest that’s calculated daily and only on the outstanding balance
Minimum amount: $10,000
Interest is calculated using Suncorp’s Small Business Overdraft Reference Rate or Suncorp's 30 Day Bank Bill Rate or Suncorp's Premier Business Overdraft Rate; plus a customer margin. Interest is charged to the account monthly.
No set principal repayment amount.
No fixed term. However, Suncorp can withdraw or reduce the overdraft limit or ask for repayment in full at any time.
Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these.
Access available in branch or via Cheque, Card and Internet Banking
Small Business New Lending Rates*
|Loan Type||Rate p.a. - Residential Security|
|Business Essentials Variable Rate Term Loan||4.99% p.a.|
|1 Year Fixed||4.60% p.a.|
|2 Year Fixed||4.70% p.a.|
|3 Year Fixed||4.90% p.a.|
|4 Year Fixed||5.20% p.a.|
|5 Year Fixed||5.45% p.a.|
|1 Year Fixed Interest In Advance||4.45% p.a.|
|2 Year Fixed Interest In Advance||4.55% p.a.|
|3 Year Fixed Interest In Advance||4.75% p.a.|
|Small Business Overdraft||6.90% p.a.|
|Small Business Line of Credit||5.60% p.a.|
*Interest rates effective 24 August 2016. Standard Rates above apply to loans up to $1,000,000 when satisfactory residential security is provided (except for the Small Business Unsecured Overdraft where no security is required). Add 0.50% for commercial security. An additional margin or discount may apply depending on your circumstances. Ask us for details. The Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. EPIA Fee is charged if:- (i) the loan is paid out within a fixed rate period, (ii) monthly repayment exceeds the agreed maximum monthly repayment amount or (iii) the fixed rate period is varied or broken.
Fee varies with each application
Quarterly Maintenance Fee
Fee varies depending on approved limit.
Other fees and charges apply. Please click on the relevant link below for lending fees and charges applicable to your circumstance:
You can also contact your Business Banking Manager on 13 11 75 for more information.