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Business Loans & finance

Unsecured Business Overdraft

Manage your short-term cashflow, unexpected expenses, or simply have access to extra credit when you need it.

Business Bank of the Year six years in a row

Business Loans & finance

Unsecured Business Overdraft

Manage your short-term cashflow, unexpected expenses, or simply have access to extra credit when you need it.

Business Bank of the Year six years in a row

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

No security required. 

Rates and fees

1

$250

Establishment fee

$75

On-going Quarterly Service Fee

View our secured overdraft options

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

Rates and fees

1

$250

Establishment fee

$75

On-going Quarterly Service Fee

View our secured overdraft options

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

Eligibility

For limits up to $10,000

  • You must own a business and have a registered ABN
  • You must be able to prove 'satisfactory conduct' on all bank accounts over the last 6 months for all existing Suncorp Bank accounts and loans for the business and principals (for example):
  1. all loans/accounts are currently in order
  2. there was no more than one late payment (30 days or more past due)
  3. the facility was not outside approved arrangements, (including any approved temporary excess) for 7 days or greater more than once.
  4. no penalty interest or late fees have been charged (unless in relation to b and c above)
  5. no evidence of dishonours or returned payments
  • If you are new to Suncorp Bank, copies of your last 6 months of bank statements for business and personal accounts held at another bank need to be provided with your application
  • You will need to provide a fully documented application which is subject to credit approval

For limits up to $25,000

All the previous eligibility, plus:

  • Businesses that have been established and registered for GST ≥ 1 year

For limits up to $50,000

All the previous eligibility, plus:

  • Businesses that have been established and registered for GST ≥ 2 years

Please note that the application is subject to further criteria, supporting documents and credit approval.

Eligibility

Please note that the application is subject to further criteria, supporting documents and credit approval.

Apply now

Enquire now

If you would like to apply for an unsecured business overdraft, please complete our online enquiry form and a Business Specialist will be in touch.

Visit us

Complete the Unsecured Business Overdraft Application & deliver it to your nearest branch for assessment

Call us

Speak to a business specialist

Monday - Friday , 8am - 5.30pm AEST

Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. 1 Fees, charges, terms and conditions apply and are available on request.