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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.

Working Capital FinanceCashflow Loans
Source dated 25 Sept 2026
Amount
$10K to $50K
Term
Not published
Rate
11.70% p.a. to 21.70% p.a. variable
Security
Unsecured
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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
Security
Unsecured
Structure
Overdraft
Fees
Establishment fee of $495 · Service fee of $20 per month
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
Not published by Great Southern Bank
term, repayment frequency, early repayment
Suitable purposes
Cash flow

About Business+ Unsecured Overdraft

Great Southern Bank publishes these details for Business+ Unsecured Overdraft: structure overdraft; loan amount $10K to $50K; security unsecured; time trading 1+ year trading; turnover $75K+ annual turnover; documentation iD, most recent tax return (within 18 months), business income and expense details and the two most recent BAS. Not published by Great Southern Bank for this product: term, maximum LVR. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other Great Southern Bank products

  • Business+ Unsecured Loan: Structure is overdraft here and term loan for Business+ Unsecured Loan; loan amount is $10K to $50K here and $20K to $50K for Business+ Unsecured Loan; term is published for Business+ Unsecured Loan (1 yr to 3 yrs) but not for this product; documentation is iD, most recent tax return (within 18 months), business income and expense details and the two most recent BAS here and iD, a recent tax return (within the last 18 months) and details of business liabilities for Business+ Unsecured Loan.
  • Business+ Vehicle Loan: Structure is overdraft here and vehicle loan for Business+ Vehicle Loan; loan amount is $10K to $50K here and $10K to $250K for Business+ Vehicle Loan; term is published for Business+ Vehicle Loan (1 yr to 7 yrs) but not for this product; security is unsecured here and asset-backed for Business+ Vehicle Loan.
  • Secured Business Loan: Structure is overdraft here and term loan for Secured Business Loan; loan amount is $10K to $50K here and $20K to $5M for Secured Business Loan; security is unsecured here and secured for Secured Business Loan; Great Southern Bank publishes time trading (1+ year trading) for this product but not for Secured Business Loan.

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