Commercial Overdraft

Flexible and accessible finance, whenever your business needs it.

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Features & Benefits

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No monthly service fee
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Competitive interest rates
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Dedicated Relationship Manager
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Your choice of access methods

Managing cash flow needs and unforeseen circumstances with minimum hassle is key for any business. Our Commercial Overdrafts are a flexible, no fuss option to help you meet your working capital requirements and minimise costs.

Our Commercial Lending Specialists work with you to structure an overdraft limit and options tailored to your individual needs, removing uncertainty and making sure the funds you need are available when you need them. We don't charge any ongoing line fees, service fees or unused overdraft fees and you only pay interest on the portion of your overdraft limit you actually use so your peace of mind doesn't come with any hidden surprises!

Available funds in your overdraft are readily accessible through your choice of access method, whether that be online, card, cheque or through our branches or Service Support Centre1.

Product Details

Split Loans Available
Variable rates only
Repayment Options
Interest only
Minimum Amount
$500
Maximum Term
N/A
Advance Payments
N/A
Repayment Frequency
No regular scheduled repayments
Maximum LVR (No LMI)
80% (residential security), 65% (commercial security), 60% (rural security), N/A (unsecured)
Monthly Service Fee
None
Approval Fee
Contact our Commercial Lending Team for details
Interest Rates
Contact our Commercial Lending Team for details

Disclaimer

1 Fees and charges may apply.

Terms, conditions, fees, charges and normal lending criteria apply. See Fees & Charges for full details.
Please refer to the Product Details when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.