Eligibility, rates, costs, worked examples and what documents you need. Written by John Pierre Saliba, MFAA accredited broker.
Get my indicative quote → Call 02 8046 3933An unsecured business overdraft is a revolving line of credit with no property security required. No caveat over your home, no registered charge over real estate. The lender assesses your cash flow and credit profile instead. Facilities up to $150,000 available unsecured.
Through the OverdraftMe lender panel, unsecured overdrafts range from $10,000 to $150,000. This is the same revolving product as a standard business overdraft, minus the property requirement.
| Feature | Detail |
|---|---|
| Facility size | $10,000 to $150,000 (unsecured cap). Use the borrowing calculator. |
| Interest rate | 18% to 25% p.a. (drawn balance only) |
| Term | Revolving, no fixed end date |
| Security | None. No property, no caveat, no charge |
| Trading history | 6 months minimum |
| Min monthly revenue | $6,000 in business bank deposits |
| Credit score | Equifax 550 or above |
| Repayment | Interest-only on drawn balance |
Not sure if you qualify? Check eligibility here.
Facility limit: $100,000 (unsecured)
Amount drawn: $45,000
Interest rate: 22% p.a. (drawn balance only)
Weekly interest cost: ~$190 on the $45K drawn
Line fee: ~$1,500/year on the $100K limit
Property at risk: None. No caveat registered.
See real settled deals on the results page.
Want to see numbers for your business? Get your indicative quote. Takes 2 minutes. No credit check.
Need more than $150K? A secured Business Overdraft goes up to $500K.
Need a lump sum instead? See the Business Loan Factsheet.
For a standalone facility, see the Line of Credit Factsheet.
Smaller facility? See the Small Business Overdraft Factsheet.
OverdraftMe serves all states and territories. Speak to a broker in Brisbane, Melbourne, or Perth.
A revolving line of credit with no property security. No caveat over your home, no charge over real estate. Assessed on cash flow and credit profile.
$10,000 to $150,000 through the OverdraftMe lender panel. Above $150K, most lenders require some form of property security.
18% to 25% p.a. on the drawn balance. Rates are higher than secured facilities because the lender carries more risk.
No. No caveat, no mortgage, no charge is registered against any property. The facility is entirely unsecured.
No. Most lenders need only 6 months of bank statements, an ABN, and a driver's licence.
Decisions in 1 to 4 hours. Same-day funding for complete morning applications.
Rarely. $150K is the typical unsecured cap. For larger facilities, see the standard Business Overdraft Factsheet which covers secured options up to $500K.
Still have questions? Call John Pierre on 02 8046 3933 or see all FAQs.
General information only. Not financial advice. Credit subject to lender assessment. All rates, fees and terms quoted are indicative only and subject to change based on your individual circumstances, credit profile and lender policy at the time of application. Past approvals do not guarantee future results. OverdraftMe is a credit representative of Lend & Loan Pty Ltd (ACL 511092).
Same content as above, in a 2-page PDF you can email or print. Written by John Pierre Saliba.
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Get my quote - 2 minutes → 02 8046 3933 John Pierre Saliba · Credit Representative of Lend and Loan Pty Ltd · ACL 511092 · MFAA · AFCA