Have access to money when you need it most
A Suncorp Bank Personal Overdraft is a line of credit that lets you overdraw your account to a pre-approved limit. You can borrow money for your personal needs and only pay interest on the amount you have drawn.
| Feature |
Description |
| Money when you need it |
You have access to money when you need it. For example, a direct debit or loan payment is due and you are temporarily short of funds. |
| Account flexibility |
Personal Overdrafts are only available on our Everyday Options account. |
| Flexible loan terms |
Borrow from $1,000 for personal use only. |
Fees
| Item |
Description |
| Establishment Fee |
$150 |
| If Secured: |
Security Administration Fee (new security) $250 or
Security Administration Fee (existing security) $100 |
| Quarterly Service Fee |
$30 |
| Stamp Duty |
Stamp Duty and other government charges may apply |
Personal Overdraft Interest Rates
Personal Overdraft
|
Loan Type
|
Annual Interest Rate
|
Formal
|
16.75% p.a.
|
Informal
Casual Overdraft Reference Rate |
19.75% p.a.
|
Banking Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the Lending Fees and Charges brochure (PDF, 301KB) before making any decisions regarding this product. Visit your nearest Suncorp Bank branch or call 13 11 55 for more information.
