The Finance Algorithm
Macquarie logoMacquarie

Business Overdraft

Short-term finance for business expenses.

OverdraftsRates on applicationBank updated 1 May 2026

At a glance

Pricing
Rates on application
Loan size
$50,000 to no maximum

Fees

3 fees published, grouped by when they're charged.

  1. When you take it outVariesEstablishment fee
  2. While you hold itVaries every 6 monthsLine fee or unused limit fees
  3. When you close it or pay it offNo fee published

When you take it out1

  • Establishment fee

    ≤$3m up to 0.50% of limit >$3m available (& negotiable) on application

    Varies

While you hold it1

  • Line fee or unused limit fees

    Line fee or unused limit fees may apply and are available on application.

    Varies every 6 months

When particular things happen1

  • Registration, Government Transaction charges & third party fees

    Registration, Government Transaction charges & third party fees may apply.

    Varies

Features

RedrawExtra repaymentsGuarantor optionDigital bankingFraud protectionUnlimited transactionsRelationship managerOverdraft
  • Not provided on a standalone basis, only available in addition to Business Transaction Account and other products.
  • Interest payment Interest is capitalised. Interest is charged on the drawn balance.
  • Loan Collateral Property, Business assets.
  • LVR - Business Assets LVR vary by Industry. Dependent on amortisation and asset profile. Subject to lending criteria.
  • Loan term No maximum loan term. Repayment is on demand.

Eligibility and limits

  • Minimum age 18
  • Available to businesses
  • Amount from $50,000, no maximum
  • Maximum LVR 80%
  • Borrowers: Company, Partnership, Trust

Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 1 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.