Why choose a Simple Business Overdraft?
Interest: 16% p.a. is calculated daily only on the amount used from your overdraft. This is charged monthly.
Overdraft limit fee: 1.75% p.a. charged on either the total overdraft limit, or the highest loan balance, whichever is greater. This is charged quarterly.
It’s simple to apply
- Your Australian Business Number (ABN) or Australian Company Number (ACN)
- Details of business and personal credit cards or loans you might have
- Most recent tax return
- Most recent Business Activity Statement2.
Complete the online form and we’ll call you within 48 hours with a response. If approved:
Sole trader/one Director
You can accept your offer in NetBank and your account will be automatically funded.
Call into any branch to complete set up.
Help with managing your business
Things you should know
1 Directors guarantees are required for companies.
2 BAS is required if tax return is older than 12 months or if no tax return is provided. If your tax return is older than 12 months, then most recent BAS is required. If your tax return is older than 21 months, then your 2 most recent BAS are required.
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Applications are subject to the Bank’s normal credit approval. Fees and charges are payable.