Better management of your day-to-day small business cashflow
The Suncorp Small Business Overdraft lets you even out fluctuations in your business
cashflow. It can be attached to either your Business Everyday Account* or your Business
Premium Account* giving you the flexibility to access your approved overdraft limit
when you need it.
You can:
- access by cheque*, card*, BPAY®* or transfer by telephone* or Internet*
- repay any amount and only pay interest on the amount of the debt
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Feature
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Description
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Competitive interest rate
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Interest is Variable, calculated on outstanding daily balances and charged monthly
in arrears. You pay interest only on the money you use. Margins apply for non-residential
security
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Repayments
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Repayments can be made at any time without penalty. There is no need for regular
repayments. We expect that the account balance will fluctuate within the overdraft
limit, in line with the cash flow cycle of your business
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Terms
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No fixed term. However, Suncorp can withdraw or reduce the overdraft limit or ask
for repayment in full at any time.
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Security
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Small Business overdrafts are usually secured by residential, commercial or rural
property
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Statements
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Monthly (Available more frequently but a fee may apply.)
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Minimum loan amount
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$10,000
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Fees
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Item
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Description
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Establishment fees
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Fee
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New Loans, Limit increases & combination facilities
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Determined at Application
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(term loan and overdraft)
Property Evaluation fees and other fees may also apply
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Quarterly Service fee
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$100
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Other fees and charges also apply. For a complete guide please download the Lending Fees and Charges brochure (PDF, 301KB) or obtain a copy from one of our
Suncorp Branches.
Product Information Document
*Banking Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722.
Please read the relevant
Product Information Document before you make any decisions regarding any
of these products. Contact us for a copy.
