The TOP - 12 business overdraft for 1 year
Bankchart.com.au has surveyed the terms of the offered business overdraft for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks.
As of 15 January 2018 the loans under review have been offered by 12 banks. The average interest rate under such loans equals 8,79 % p.a. The total number of the loan programs available for the specified loan terms is 21.
The most affordable business loan is offered by Bank Australia. The comparison rate under "Commercial overdraft" loan program constitutes 5,13 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.
The TOP -12 business overdraft loan programs for 1 year, as of 15 January 2018
rate type: variable
administration: $ 250,00, every 3 months
max. sum: $ 50 000,00
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Published: 19 February 2018
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St. George Bank
Australia and New Zealand (ANZ)
Commonwealth Bank of Australia