Commercial Unsecured Overdraft

This product is for consumers who wish to obtain a flexible unsecured line of credit with a variable interest rate
Category: Overdrafts  Last Updated May 15, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information Commercial Base Rate
Interest Rate
9.81% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Other Additional Information: Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Commercial Overdraft to a business transaction account or top-up your existing Commercial Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m
  • Other Additional Information: Approved amount of extra funds linked to your business transaction account
  • Other Additional Information: Access funds when spending exceeds your business account balance
  • Other Additional Information: Secured or unsecured option
  • Other Additional Information: Variable interest rates
  • Other Additional Information: 24/7 access to available funds, up to the approved limit
  • Redraw Additional Information: Repay and redraw at any time within the approved limit
  • Other Additional Information: Only pay interest on the overdraft amount used
  • Other Additional Information: Manage cash flow while you wait for customer payments
  • Other Additional Information: Helps with unexpected business expenses
  • Extra Repayments Additional Information: Subject to terms and conditions, this product has EXTRA_REPAYMENTS option available.
  • Relationship Management Additional Information: Relationship management is available for eligible customers.

 Product Eligibility

  • Business Additional Information: Your business must be registered in Australia
  • Min Age - 18. Additional Information: An individual 18 years and above
  • Other Additional Information: A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
  • Other Additional Information: Meets the credit criteria and credit policy requirements under an applicable offer for this product.
  • Other Additional Information: For existing eligible BOM customers.

 Bank Fees and Charges

  • Line Fee (Periodic), Amount: Not Listed.. Additional Information: A Line fee is charged monthly on the overdraft limit. This Fee is subject to negotiation. It will be set out in your Facility Offer.
  • Lending Establishment Fee (Upfront), Amount: 250.00.