An overdraft or line of credit is a continuing line of credit facility that may be attached to your transaction account. It's designed to help you over those peak periods when unexpected bills arrive. You can draw as much or as little as you want up to your pre-approved limit.
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No monthly account keeping or service fees |
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Only pay interest on the portion of the overdraft used |
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Interest calculated daily and charged monthly |
| Variable interest rate | View our interest rates |
| Minimum amount | $500 |
| Maximum amount |
$27,500 |
| Loan period | Continuing credit |
| Repayments | Due monthly |
| Interest charges | Calculated daily, charged monthly on the portion of the overdraft used |
| Application fee | Yes |
| Monthly account keeping/service fees | No |
| Loan Repayment Insurance available | No |
| Auto repayments (salary/account) | Yes |