BOQ SpecialistOverdrafts
The overdraft facility is an optional feature of the BOQ Specialist One account. The facility can help you to manage your cash flow, particularly when paying for practice expenses. It can give you an unsecured line of credit and you don't have to use your personal property as security. You only pay interest on what you use, not on the entire credit limit.
At a glance
- Variable
- 9.10%
- Upfront fee
- $495
How it compares
This overdraft in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home | 9.10% | 7.49%Police Credit Union Limited's Allegro Line of Credit | 9.25%of 15 institutions | 7th lowest of 15 |
Rates
Every rate BOQ Specialist publishes for this overdraft, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 9.10% | - | - |
| VariableOptional overdraft with an unsecured line of credit. You only pay interest on what you use not on the entire credit limit, and you don’t have to use your property as security | - | - | - | 15.19% | - | - |
Fees
One fee published, grouped by when they're charged.
When you take it out1
- Optional Overdraft Facility Application Fee
If your Overdraft is approved and established, the Application Fee will be debited from your Account
$495
Features
- Integration with accounting software such as MYOB, Xero and Banklink, allowing you to easily manage your practice cash flow.
- Only pay interest on what you use, not the entire amount. No set repayments, you only pay interest on the funds you have used, there are no charges on any credit you don't use
- Interest Only payments with terms up to 30 years
- Access to additional money to use as and when you need it. Additional funds can be accessed like you normally would - by withdrawing cash at ATMs and making purchases using your BOQ Specialist debit…
- Earn a competitive rate of interest on account credit balances.
- For a secured line of credit, you could access up to $100,000, and for an unsecured line of credit, you could access up to $500,000 without using your personal property as security.
Eligibility and limits
- Minimum age 18
- Residency: Resident or Citizen
- Exclusively available to medical professionals and accountants
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Published by BOQ Specialist under the Consumer Data Right, last changed by them on 5 Nov 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.