Key Features
Unlock flexible financing for your small business with a Secured Overdraft from Cairns Bank.
Flexible financing on call
Access extra cash flow for your business when you need it.
Competitive interest rates
Enjoy cost-effective borrowing for your business.
Fast turnaround on approvals
As a community focused bank, we have the local knowledge and the team to get your secured overdraft approved much faster than the big banks.
Old-school service
Our lending specialist will take the time to support you through the process and help you get the best outcome.
Rates & Fees
| Amount ($) | Interest |
|---|---|
| All credit balances | 0.01% |
| Overdraft rate | 8.50p.a. |
| Fee | Amount |
|---|---|
| Monthly Fee | $0 |
| EFTPOS cash out | $0 |
| Direct debits and external transfers, cheque deposits (single cheque) | 5 free per month $0.50c there after |
| ATM NB: The ATM owner may charge an additional fee. | $1 per withdrawal |
| Visa debit card | $25 p.a. |
For more information about our fees and charges click here
How to apply
When you visit us in branch or contact us via phone, we will take you through the secured overdraft process from start to finish.
1. Contact our Home Loan Specialists
2. Provide us with supporting documentation.
Secured overdraft FAQs
What is a secured overdraft?
A secured overdraft is a flexible line of credit that allows you to borrow money up to a certain limit, using assets (such as property or equipment) as collateral to secure the loan.
What can I use as security for a secured overdraft?
You can use various assets as security, including real estate, equipment, or other valuable business assets.
How much can I borrow with a secured overdraft?
The borrowing limit for a secured overdraft is determined based on the value of the security you provide and your business’s financial situation.
What happens if I default on my secured overdraft?
If you default on your secured overdraft, the bank has the right to seize the security you provided to secure the loan. It’s essential to make timely payments to avoid losing your assets.
Apply for a secured overdraft today
To find out more or to apply for a secured overdraft, book an appointment with our friendly team or visit us in branch.
