As published by Macquarie Bank. Details not published by the lender are marked.
- Loan amount
- From $50K
- Rate
- Individual assessmentRates and fees vary with the amount borrowed, the security provided and the product; pricing is set per customer.
- Security
- Secured
- Structure
- Overdraft
- Fees
- Establishment fee of up to 0.50% of the limit for corporate borrowers on limits up to $3 million (on application above $3 million)
- Documents
- Company financials, an application form and personal information forms for the directors or partners.
- Restrictions
- Not provided on a standalone basis, only in addition to other products. Available to property investors and businesses in Macquarie's key industries: accounting, architecture, engineering, financial services, healthcare, insolvency, insurance, legal, real estate, strata management, surveying and technology. Line fees or unused limit fees may apply.
- How to apply
- Direct with the lender, or through us
- Not published by Macquarie Bank
- rate type, term, repayment frequency, early repayment, time trading, turnover, guarantees, funding time
- Suitable purposes
- Cash flow
About Business Overdraft
Macquarie Bank publishes these details for Business Overdraft: structure overdraft; loan amount from $50K; security secured; documentation company financials, an application form and personal information forms for the directors or partners.; suitable purposes cash flow. Not published by Macquarie Bank for this product: term, maximum LVR, time trading, turnover, funding time, guarantees. Ask the lender or a finance specialist to confirm these before you apply.
How it differs from other Macquarie Bank products
- Fixed Term Loan: Structure is overdraft here and term loan for Fixed Term Loan; Macquarie Bank publishes loan amount (from $50K) for this product but not for Fixed Term Loan; term is published for Fixed Term Loan (up to 5 yrs) but not for this product; suitable purposes is cash flow here and growth, Buy a business, Refinance for Fixed Term Loan.
- Line of Credit: Structure is overdraft here and line of credit for Line of Credit; Macquarie Bank publishes loan amount (from $50K) for this product but not for Line of Credit; term is published for Line of Credit (up to 5 yrs) but not for this product.
- Property-Backed Loan: Structure is overdraft here and property-secured loan for Property-Backed Loan; Macquarie Bank publishes loan amount (from $50K) for this product but not for Property-Backed Loan; term is published for Property-Backed Loan (up to 30 yrs) but not for this product; security is secured here and property-secured for Property-Backed Loan.
