Great Southern BankBusiness Overdraft (commercial secured)
A Great Southern Bank Business overdraft can help you to closely manage your cashflow without compromising your business goals.
At a glance
- Variable
- 10.60%
- Loan size
- $20,000 to $250,000
- Upfront fee
- $750
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.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business overdraftLowest advertised rate; most are variable | 10.60% | 8.24%IMB Bank's Commercial Credit line | 10.06%of 12 institutions | 9th lowest of 12 |
| Business overdraftLowest advertised rate; most are variable | 10.60% | 8.24%IMB Bank's Commercial Credit line | 10.06%of 12 institutions | 9th lowest of 12 |
Rates
The one rate Great Southern Bank publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 10.60% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 29 Oct 2026 | Variable | 10.35% | 10.60% | up 0.25 |
Each change is logged the night it appears in the rates Great Southern Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
16 fees published, grouped by when they're charged.
- When you take it outUp to $7505 fees, each listed below
- While you hold itNo feeMonthly Service Fee
- When you close it or pay it off$500Discharge Fee
When you take it out5
- Establishment Fee
Establishment Fee irrespective of total loan amount applied for. In some instances, where business loan applications are complex, an application fee may be required before a loan is considered. In th…
$750 - Government fees and charges
Government fees and charges relating to stamp duty and registration are payable on an event causing a change or variation to the transaction and/or security being taken in the applicable state or ter…
Varies - Property Valuation Fee
A property valuation fee is payable for each commercial property offered as security. The fee is payable at loan settlement and will be included in your Credit Contract. The amount of the fee will be…
Varies - Security Adminstration Fee
For each security offered to the Great Southern Bank loan. A securities administration fee applies to all secured credit facilities. The securities administration fee represents the average cost base…
$235 - Solicitors costs
Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf.
Varies
While you hold it1
- Monthly Service Fee
$0 monthly account keeping fees
No fee
When particular things happen9
- Account Information Fee
Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, trac…
$20 - Arrears Letter Fee
Payable where Great Southern Bank sends you a letter in relation to arrears on your account.
$22 - Debt Collection Fee
Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to re…
Varies - Default Notice Fee
Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.
$33 - Increase to an existing Business Term Loan or Overdraft
Payable if you apply for a further advance on your overdraft.
$750 - Overdrawn or Over limit fee
Payable where you exceed the actual balance or authorised limit of your overdraft facility and the debt is caused by a cheque withdrawal or electronic transaction (including ATM, EFTPOS and Bank@Post…
$6 - Production Fee
If you request a title held by Great Southern Bank to be produced to a relevant state’s land titles office for any purpose, a production fee is payable.
$100 - Re-documentation Fee
Where a borrower requests, and Great Southern Bank agrees, to a restructure of a loan between approval and funding and that change requires amended documentation to be prepared, a fee will be payable.
$300 - Variation Fee
A variation fee is payable if you request any changes to the Credit Contract or Security - for example: - Re-arrange and/or substitute a security on a mortgage - Consent to any dealings in relation t…
$300
When you close it or pay it off1
- Discharge Fee
If you pay out the loan partially or in full where a discharge of security is required, or you request a discharge of a security, a discharge fee is payable (per release or transaction).
$500
Features
- $0 Monthly service fees. Leaving you with more money to invest in your business.
- Only pay interest on your debit balances. No line fees or facility fees.
- If the debit balance on your account doesn't exceed the approved limit there's no need for monthly repayment.
- Overdrafts can be secured through residential or commercial property.
Eligibility and limits
- Minimum age 18
- Residency: All individuals, directors, guarantors, trustees, members must be an Australian Resident.
- Available to businesses
- Amount $20,000 to $250,000
- Applications for Overdrafts are subject to credit approval. Property offered as security must be acceptable within policy.
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 28 Oct 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.