Business Loans & finance

Business Overdraft

A Suncorp Bank Business Overdraft allows you to have access to an approved amount of credit when funds in your linked transaction account are exhausted.

Business Loans & finance

Business Overdraft

A Suncorp Bank Business Overdraft allows you to have access to an approved amount of credit when funds in your linked transaction account are exhausted.

Flexible terms

Variable interest rate with no set term and ongoing limit.

Repayment type

Interest charged on the portion of the overdraft that is used, no principal payments.

Security options

Suitable property and business asset options available.

Rates and fees

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Establishment Fee:
Determined at application

Amount:
Minimum $10,000

View our Unsecured Business Overdraft

Rates and fees

1

Establishment Fee:
Determined at application

Amount:
Minimum $10,000

View our Unsecured Business Overdraft

Fees

Establishment Fee: Determined at application based on the approved Business Overdraft limit.

On going fee:

Overdraft Limit

≤$100,000 

$100,001 ≤ $250,000 

$250,001 ≤ $500,000 

>$500,000        

Facility Fee 

$150 per quarter

$300 per quarter

$500 per quarter

0.75% per annum of your overdraft limit or as outlined in your Credit Contract or Letter of Offer.

The Overdraft Fee may change where you request a change to your Overdraft Limit. Please note other fees and charges apply. 

Please download our Business Lending Fees & Charges document for more details.

Want to save on fees?

The Business Ready Package combines a Business Overdraft with other Suncorp Bank business loans, to reduce ongoing fees. It can include a Business Premium Account with an Overdraft Facility Limit up to a maximum of $500,000 and up to three business term loans, all covered by a single package fee, with rebates on eligible fees.

Find out more

Eligibility

  • Fully documented application required, subject to credit approval.
    - This includes but is not limited to, providing up to two consecutive years of financial information, ( or up to 12 months of forecasted financial information for businesses that have operated for less than 2 years). This may be for a business you currently own or for a business you plan to purchase.
  • Secured with:
    - property or equity in a property
    - non-real property (General Security Agreement and/or guarantee)

Apply now

Call us

Speak to a business specialist

  • Monday - Friday , 8am - 5.30pm AEST
Call 13 11 75

Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.

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