Great Southern Bank
Business Overdraft (commercial secured)
A Great Southern Bank Business overdraft can help you to closely manage your cashflow without compromising your business goals.
OverdraftsBank updated 27 May 2026
At a glance
- Variable
- 10.35%
- Loan size
- $20,000 to $250,000
- Upfront fee
- $985
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 10.35% | — | — |
§ 02 — Fees · 16
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Information Fee | Event | $20 | — | 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… |
| Arrears Letter Fee | Event | $22 | — | Payable where Great Southern Bank sends you a letter in relation to arrears on your account. |
| Debt Collection Fee | Event | Varies | — | 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… |
| Default Notice Fee | Event | $33 | — | Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account. |
| Increase to an existing Business Term Loan or Overdraft | Event | $750 | — | Payable if you apply for a further advance on your overdraft. |
| Overdrawn or Over limit fee | Event | $6 | — | 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… |
| Production Fee | Event | $100 | — | 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. |
| Re-documentation Fee | Event | $300 | — | 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. |
| Variation Fee | Event | $300 | — | 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… |
| Discharge Fee | Exit | $500 | — | 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). |
| Monthly Service Fee | Periodic | No fee | — | $0 monthly account keeping fees |
| Establishment Fee | Upfront | $750 | — | 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… |
| Government fees and charges | Upfront | Varies | — | 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… |
| Property Valuation Fee | Upfront | Varies | — | 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… |
| Security Adminstration Fee | Upfront | $235 | — | 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… |
| Solicitors costs | Upfront | Varies | — | Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf. |
§ 03 — Features
Relationship managerOverdraft
- · $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.
§ 04 — Eligibility & 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.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 27 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.