BankSA
Commercial Unsecured Overdraft
This product is for consumers who wish to obtain a flexible unsecured line of credit with a variable interest rate
OverdraftsBank updated 15 May 2026
At a glance
- Variable
- 9.81%
- Upfront fee
- $250
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableCommercial Base Rate | — | — | — | 9.81% | — | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Line Fee | Periodic | 1.20% of balance | Every 1 mo | 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 | $250 | — | This fee is waived for new customers |
§ 03 — Features
RedrawExtra repaymentsRelationship manager
- · 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 Overdr…
- · Approved amount of extra funds linked to your business transaction account
- · Access funds when spending exceeds your business account balance
- · Secured or unsecured option
- · Variable interest rates
- · 24/7 access to available funds, up to the approved limit
- · Only pay interest on the overdraft amount used
- · Manage cash flow while you wait for customer payments
- · Helps with unexpected business expenses
§ 04 — Eligibility & limits
- · Minimum age 18
- · Available to businesses
- · A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
- · Meets the credit criteria and credit policy requirements under an applicable offer for this product.
- · For existing eligible BankSA customers.
§ 06 — Run the numbers
Put this product through a calculator
Published by BankSA under the Consumer Data Right, last changed by them on 15 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.