Credit to a pre-approved limit
A Suncorp Personal Overdraft is a line of credit that lets you overdraw your account to a pre-approved limit. Borrow money for your personal needs and only pay interest on the amount you have drawn.
| Feature |
Description |
| Money when you need it |
You have access to money when you need it. For example, a direct debit or loan payment is due and you are temporarily short of funds. |
| Account flexibility |
Personal Overdrafts are available on our Everyday Options account. |
| Flexible loan terms |
Borrow from $1,000 for personal use only. |
Fees
| Item |
Description |
| Establishment Fee |
$150 |
| If Secured: |
Security Administration Fee (new security) $250 or
Security Administration Fee (existing security) $100 |
| Quarterly Service Fee |
$30 |
| Stamp Duty |
Stamp Duty and other government charges may apply |
Personal Overdraft Interest Rates
Personal Overdraft
|
Loan Type
|
Annual Interest Rate
|
Formal
|
16.75% p.a.
|
Informal
Casual Overdraft Reference Rate |
19.75% p.a.
|
