Why choose an Unsecured Personal Overdraft?
Know the funds are there if you need them and only pay interest on what you use
14.99%
p.a. variable interest rate
$0
establishment fee
$5
monthly administration fee
Up to $20k
credit limit
An overdraft helps you
use credit your way
An overdraft can give you a way of knowing the money will be there if you need it. Apply for a credit limit of $500–$20,000 that you can access if your Complete Freedom transaction account balance is at $0.
The Detail
Before making a decision, please read these documents to ensure you’re aware of all fees, charges and interest rates.
Overdraft T&Cs
General details for Bank of Melbourne overdrafts
Overdraft fees
Costs that may apply to overdrafts
Account T&Cs and Fees
Information on transaction, savings and investment account terms, fees and charges
How to apply for a loan
The Detail
Credit criteria, fees, charges, terms and conditions apply. Fees are subject to change.
The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you. Read the above product disclosure documents as well as the Online Banking Terms and Conditions (PDF 3MB) before making a decision and consider whether the product is appropriate for you. If you need help, call 13 22 66.