Great Southern Bank Business+ Unsecured Overdraft

Unsecured business overdraft with limits of $10,000 to $50,000, linked to a Business+ Account, with interest charged only on what you owe.

From lender's website, 25 Sept 2026

Product details

As published by Great Southern Bank. Details not published by the lender are marked.

Loan amount: $10K to $50K
Rate: 11.70% p.a. to 21.70% p.a. variableRates current as at 15 May 2026 and subject to change. Your personalised rate is confirmed at conditional approval.
Rate type: Variable
Term: Not published
Security: Unsecured
Structure: Overdraft
Fees: Establishment fee of $495 · Service fee of $20 per month
Repayment frequency: Not published
Early repayment: Not published
Time trading: 1+ year trading
Turnover: $75K+ annual turnover
Documents: ID, most recent tax return (within 18 months), business income and expense details and the two most recent BAS
Guarantees: If the business is a company, all directors must provide a guarantee
Funding time: Access to the overdraft within one minute of signing the contract
Restrictions: Revolving facility subject to annual review; no regular repayments needed; Sole traders and companies owned by individuals only; not available to companies owned by another company, partnerships, trusts, self-managed super funds or tax residents outside Australia; must have an ABN; applicants 18+ and Australian residents
How to apply: Direct with the lender, or through us
Suitable purposes: Cash flow

Sources and freshness

Version 2, effective 25 Sept 2026. Second-pass check against the lender website.

Important information

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