Summerland
Business Plus Overdraft
A line of credit linked to your business account, giving you easy access to funds, up to an agreed amount, to cover your cash flow needs.
OverdraftsBank updated 28 June 2026
At a glance
- Variable
- 10.29%
- Loan size
- $1,000 to no maximum
- Upfront fee
- $800
- Monthly fee
- $8
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableSecured by residential security. | P&I | — | — | 10.29% | — | — |
| VariableSecured by Non-Residential Security. | P&I | — | — | 11.29% | — | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Contract Variation/Consent Fee | Event | $300 | — | — |
| QuickDebit Dishonour Fee | Event | $15 | — | — |
| Overdraft Facility Fee | Periodic | $8 | Every 1 mo | — |
| Mortgage Discharge Fee | Transaction | $250 | — | — |
| Loan Establishment Fee | Upfront | $800 | — | Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost. |
§ 03 — Features
Guarantor optionInstant paymentsPayIDDigital banking
- · Save on paper, receive and view your statements online with eStatements.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia
- · Available to businesses
- · Amount $1,000 to no maximum
- · Lending criteria apply.
§ 06 — Run the numbers
Put this product through a calculator
Published by Summerland Bank under the Consumer Data Right, last changed by them on 28 June 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.