Business Overdraft
Help manage your cash flow and cover unexpected expenses
At a glance
12.01 %P.A.*
Variable rate - residential security
$ 10,000
Minimum loan amount
SECURITY
Residential (80% loan-to value ratio) or non-residential
Why choose our Business Overdraft
You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you convenient access to an approved limit when you need it.
Conveniently linked to your business account
Our Business Overdraft is attached to your Everyday Business Account so you can conveniently access your funds whenever you need it.
Flexible credit
Manage your short-term cash flow, unexpected expenses, or simply have access to extra credit if the business need arises.
Interest only repayments
Interest is only charged on the funds utilised, not on your whole overdraft limit
Business Visa Debit Card
Link your Business Overdraft to a Business Visa Debit Card and you have international access. Use your own money to purchase over the phone, via the Internet or anywhere that Visa is accepted.
Range of access options
Access your overdraft via cheque book, branch, ATMs, EFTPOS, internet and mobile banking.
Security options
Can be secured by residential property (maximum LVR of 80%) and/or non-residential property.
Interest rates
Business Overdraft Interest Rates*
| Lending Interest rates (% p.a.)~ | Residential Security | Other Security |
|---|---|---|
| Variable | 12.01 |
12.76 |
Fees
At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.
| Fee type | Fee |
|---|---|
| Application fee | 0.75% of the approved limit applies (minimum $750). |
| Agreed credit advance fee | A quarterly agreed credit advance fee applies. |
| Monthly service fee | Nil |
A full list of fees can be found in our Fees and Charges Guide below.
Important information
For important information on our Business Overdraft, view the Terms and Conditions below.
Ready to apply?
Whether you’re ready to apply or you’d like to know more, one of our business specialists will be happy to help and provide more information.
Make an enquiry
- Enquire online now
- Call us on 1300 714 986
Visit your local branch
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Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.
- Spread your repayments over the life of the equipment
- No capital outlay
- Structure repayments to suit your cash flow
Our low fee business bank account
Everyday Business Account
Manage your transactions with ease - all for a low monthly fee.
- Free branch, ATM and cheque deposits
- Free Direct Debits and Direct Credits
- Easy account access through ATM/EFTPOS, Internet and Mobile Banking
