Which Australian bank offers the lowest interest rates under the business overdrafts29.07.2020
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 - 29.07.2020
As of 17 July 2020 the loans under review have been offered by 5 banks. The average interest rate under such loans equals 6,89 % p.a. The total number of the loan programs available for the specified loan terms is 10.
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-5 business overdrafts loan programs for termless, as of 17 July 2020
#
Bank
Interest Rate, %
1
3,75
interest rate, %
rate type
variable
facility fee
$ 30,00, monthly
3
4,59
interest rate, %
rate type
variable
facility fee
$ 40,00, fortnightly
4
4,84
interest rate, %
rate type
variable
approval fee
$ 295,00
administration
$ 12,50, monthly
5
12,99
interest rate, %
rate type
variable
administration
$ 20,00, every 3 months
To view the up-to-date rating of the home loans at our website, click here.
Published: 29 July 2020
Author: Prostobank Consulting
Source: https://bankchart.com.au