|
Institution |
Product Name |
Base Rate |
Variable Rate |
Margin |
Term (yrs) |
Max % Val Lent |
Fee |
Security |
Notes |
 |
| Min |
Max |
Min |
Max |
Estab- lishment |
Line Fee |
| ANZ Bank |
Business Overdraft ($0 - $5,000) - Unsecured
|
13.90
|
13.90
|
0
|
0
|
0
|
|
|
$100
|
$120
|
Unsecured
|
All overdraft products are linked to an ANZ Business Transaction Account. Refer to business transaction products for more details
|
|
| ANZ Bank |
Business Overdraft ($5,000 - $50,000) - Unsecured
|
13.10
|
13.10
|
0
|
0
|
0
|
|
|
$300
|
$360
|
Unsecured
|
Note that the annual service fee is $360 per annum for amounts between $20,000 and $49,999. All overdraft products are linked to an ANZ Business Transaction Account. Refer to business transaction products for more details
|
|
| ANZ Bank |
Business Overdraft ($5,000 to $50,000) - Commercial
|
13.06
|
13.06
|
0
|
0
|
0
|
|
|
$300
|
$360
|
Commercial
|
Note that the annual service fee is $360 per annum for amounts between $20,000 and $49,999. All overdraft products are linked to an ANZ Business Transaction Account. Refer to business transaction products for more details
|
|
| ANZ Bank |
Business Overdraft (Over $50,000) - Commercial
|
12.96
|
12.96
|
0
|
0
|
0
|
|
|
$600
|
$750
|
Commercial
|
Note that the service fee is tiered as follows:
$50,000 to $99,999 - $750 per annum
$100,000 to $149,999 - $1,000 per annum
$150,000 to $499,999 - $1,250 per annum
$500,000 and above - $1,500 per annum
|
|
| ANZ Bank |
Business Overdraft (Over $50,000) - Unsecured
|
13.14
|
13.14
|
0
|
0
|
0
|
|
|
$600
|
$750
|
Unsecured
|
Note that the service fee is tiered as follows:
$50,000 to $99,999 - $750 per annum
$100,000 to $149,999 - $1,000 per annum
$150,000 to $499,999 - $1,250 per annum
$500,000 and above - $1,500 per annum
|
|
Bank of Queensland |
Overdraft
|
10.04
|
10.04
|
0
|
2.5
|
0
|
|
80
|
0.75%
|
$0
|
Residential
|
Application fee 0.75 % of approved limit, minimum $600. Agreed Credit Advance Fee based on a percentage of the overdraft limit charged quarterly.
|
|
Bank of Queensland |
Overdraft
|
10.79
|
10.79
|
0
|
2.5
|
0
|
|
70
|
0.75%
|
$0
|
Multi
|
Application fee 0.75 % of approved limit, minimum $600. Agreed Credit Advance Fee based on a percentage of the overdraft limit charged quarterly.
|
|
| BankWest |
AgriOne Overdraft
|
NaN
|
8.26
|
|
|
|
|
|
$2500
|
$250
|
Multi
|
Only available as part of a package with total business lending of $450,000 and above
|
|
BankWest |
Business Bonus Overdraft
|
9.90
|
9.90
|
0
|
0
|
1
|
|
80
|
0.5%
|
$0
|
Multi
|
Establishment fee 0.5% or minimum $700
|
|
BankWest |
Business Cheque Account Overdraft
|
11.51
|
11.51
|
0
|
6.9
|
0
|
|
|
0.5%
|
$0
|
Multi
|
|
|
| Commonwealth Bank |
Commonwealth Bank Overdraft
|
10.87
|
10.87
|
0
|
1.75
|
0
|
|
70
|
$600
|
$280
|
Multi
|
Fees based on loan size of $100K. Scale fees apply for valuation. Line fee 0.28%/qtr. Subject to annual review.
|
|
| Commonwealth Bank |
Commonwealth Bank Overdraft
|
10.79
|
10.79
|
0
|
0
|
0
|
|
70
|
$600
|
$280
|
Residential
|
Fees based on loan size of $100K. Scale fees apply for valuation. Line fee 0.28%/qtr. Subject to annual review.
|
|
IMB |
Secured Business Overdraft
|
NaN
|
10.99
|
0
|
0
|
0
|
|
|
0.5%
|
$250
|
Multi
|
No monthly service fee on average balance greater than $5000. Based on $100,000 overdraft
|
|
IMB |
Unsecured Business Overdraft
|
NaN
|
13.99
|
0
|
0
|
0
|
|
|
0.5%
|
$50
|
Unsecured
|
No monthly service fee if average monthly balance greater than $5000. Information is based on overdraft of $20,000
|
|
| NAB |
NAB Business Overdraft - Commercial
|
11.53
|
11.53
|
0
|
0
|
1
|
|
70
|
$600
|
$0
|
Commercial
|
|
|
|
Institution |
Product Name |
Base Rate |
Variable Rate |
Margin |
Term (yrs) |
Max % Val Lent |
Fee |
Security |
Notes |
 |
| Min |
Max |
Min |
Max |
Estab- lishment |
Line Fee |
| NAB |
NAB Business Overdraft - Residential
|
NaN
|
10.53
|
0
|
0
|
1
|
|
80
|
$600
|
$0
|
Residential
|
|
|
| NAB |
NAB Business Overdraft - Unsecured
|
NaN
|
10.33
|
1
|
4
|
1
|
|
|
$600
|
$0
|
Unsecured
|
|
|
St. George Bank |
Commercial Overdraft
|
10.50
|
10.50
|
0
|
0
|
0
|
|
80
|
$600
|
$0
|
Multi
|
Application, Line and Temp OD Fee based on $100K limit.
Fees are minimums - will be detailed on application.
|
|
Suncorp |
Small Business Overdraft - Commercial
|
9.64
|
10.19
|
0.15
|
0.15
|
0
|
|
70
|
$800
|
$400
|
Commercial
|
Allow 30 (Bus Chq Acc) or 60 (Bus Mmnt Acc) free transactions and then above charges apply.
Business card available but does not attach to overdraft except for repayments.
Valuation fee dependent on property type and location.
|
|
Suncorp |
Small Business Overdraft - Residential
|
9.64
|
10.04
|
0.4
|
0.4
|
0
|
|
80
|
$800
|
$400
|
Residential
|
Allow 25 (Bus Chq Acc) or 50 (Bus Mmnt Acc) free transactions and then above charges apply.
Business card available but does not attach to overdraft except for repayments.
|
|
| Westpac Banking Corporation |
Business Options Overdraft - Business Assets
|
11.96
|
11.96
|
1.9
|
1.9
|
0
|
|
|
0.6%
|
$120
|
Bus Asset
|
i) Establishment fee is $820 for the first $100,000 plus 0.6% of any amount greater than $100,000.
ii) Monthly Service Fee tiered as follows:$20,000 = $10pm, $20,000 - $59,999 = $35pm, $60,000 - $99,999 = $75pm, $100,000 plus = $100pm
|
|
| Westpac Banking Corporation |
Business Options Overdraft - Commercial
|
10.81
|
10.81
|
0.75
|
0.75
|
0
|
|
|
0.6%
|
$120
|
Commercial
|
i) Establishment fee is $820 for the first $100,000 plus 0.6% of any amount greater than $100,000.
ii) Monthly Service Fee tiered
|
|
| Westpac Banking Corporation |
Business Options Overdraft - Residential
|
10.06
|
10.06
|
0
|
0
|
0
|
|
|
$820
|
$120
|
Residential
|
i) Establishment fee is $820 for the first $100,000 plus 0.6% of any amount greater than $100,000.
ii) Monthly Service Fee tiered as follows:$20,000 = $10pm, $20,000 - $59,999 = $35pm, $60,000 - $99,999 = $75pm, $100,000 plus = $100pm
|
|
| Westpac Banking Corporation |
Business Options Overdraft Plus
|
10.06
|
10.06
|
|
|
0
|
|
|
$820
|
$0
|
Residential
|
The Business Access Loan Plus is a business/investment loan offering customers the option of securing business debts up to 85% of the value of their residential security (where we would currently lend to a maximum of 80%).
|
|