An unsecured overdraft facility gives your business flexible, ongoing access to funds without putting up property as security. Draw when you need it, repay as revenue comes in. 50+ lenders, decisions from 1 hour.
Check my eligibility - 60 seconds →An unsecured overdraft facility is one of the most powerful working capital tools available to Australian businesses. Unlike a term loan, which gives you a fixed lump sum, an overdraft facility provides a revolving credit limit you can draw from repeatedly - paying interest only on what you use. The "unsecured" element means no property or physical assets are required as collateral, making approval faster and accessible to far more businesses.
Once approved, your unsecured overdraft facility operates like a flexible financial buffer. Here's how the cycle works:
The key advantage: you're not paying interest on $150,000 if you only need $30,000 today. Draw $30,000, pay interest on $30,000, repay it next week, draw again next month. Total flexibility, total control.
| Criteria | Requirement |
|---|---|
| Trading history | 6+ months |
| Monthly revenue | $6,000+ per month |
| Credit score | Equifax 550+ |
| Documents | 6 months bank statements, ABN, driver's licence |
| Property security | Not required under $150,000 |
| Tax returns | Not required |
| Unsecured Overdraft | Business Loan | Business Credit Card | |
|---|---|---|---|
| Revolving | Yes | No | Yes |
| Interest on drawn amount only | Yes | No | Yes |
| Property required | No | Sometimes | No |
| Maximum amount | Up to $150K unsecured | Up to $500K | Typically under $50K |
| Reapplication required | No | Yes | No |
| Tax deductible interest | Yes | Yes | Yes |
OverdraftMe is a specialist business overdraft broker - we don't do home loans, car finance or general business advice. Just business overdrafts and working capital facilities. That specialist focus means:
No property required · No tax returns · Revolving credit · Up to $150K · Decisions from 1 hour · ACL 511092
Check my eligibility →A revolving credit limit for your business that doesn't require property or assets as security. Draw when needed, repay as revenue comes in, and draw again without reapplying. Interest is charged only on the drawn balance.
Use OverdraftMe's calculator - takes 60 seconds, no credit check. We assess your profile against 50+ lenders and handle the application process. Free service paid by the lender.
Up to $150,000 unsecured through OverdraftMe's lender panel. Above $150,000 generally requires property security.
A business loan is a lump sum with fixed repayments. An overdraft facility is revolving - draw, repay, draw again. You only pay interest on what you use, making it more cost-effective for ongoing cash flow needs.
Yes - provided the business has been trading for at least 6 months with $6,000+/month revenue and an Equifax score of 550+.