The rating of the best interest rates under the business overdrafts26.03.2021

Bankchart.com.au has surveyed the terms of the offered business overdrafts for termless in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 26.03.2021

As of 18 March 2021 the loans under review have been offered by 12 banks.   The average interest rate under such loans equals 8,41 % p.a. The total number of the loan programs available for the specified loan terms is 24.

The most affordable business loan is offered by Heritage Bank. The comparison rate under "Overdraft Facilities - Residential Security" loan program constitutes 3,75 % 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 overdrafts loan programs for termless, as of 18 March 2021

#

Bank

Interest Rate, %

1

3,75

interest rate, %

rate type

variable

facility fee

$ 30,00, monthly

2

3,86

interest rate, %

rate type

variable

3

4,10

interest rate, %

rate type

variable

4

4,55

interest rate, %

rate type

variable

approval fee

0,25%

administration

$ 30,00, monthly

5

4,59

interest rate, %

rate type

variable

facility fee

$ 40,00, monthly

6

4,99

interest rate, %

rate type

variable

administration

$ 12,50, monthly

8

6,24

interest rate, %

rate type

variable

facility fee

$ 800,00, one-time

administration

$ 15,00, monthly

9

7,76

interest rate, %

rate type

variable

approval fee

0,75%

10

11,49

interest rate, %

rate type

variable

administration

$ 20,00, every 3 months

11

12,25

interest rate, %

rate type

variable

facility fee

1,75%, one-time

max. sum

$ 50 000,00

12

12,90

interest rate, %

rate type

variable

To view the up-to-date rating of the home loans at our website, click here.

 

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