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Competitive Non-Bank Overdraft Interest Rates

For many enterprises both large and small, having access to a line of credit is essential to maintaining stable cash flow. While the reasons for this type of funding facility can be varied, one aspect will likely be the same for all entities – affordability. To be workable as an ongoing or mid-term option the cost of a line of credit have to be affordable.

In sourcing workable options of ongoing funding facilities for our clients, we prioritise lower rates and structuring a flexible, affordable solution. Even where a bank has rejected an application for a line of credit, with our accreditations in the non-bank lending sector, we are well-placed to source competitive options.

Business Finance Competitive Non-Bank Overdraft Interest Rates
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Overdraft Interest Rate Comparison
Compare Interest Rates on Overdrafts

Commercial funding offers are subject to an assessment of the individual application and can vary across the market and for individual applicants. Review what we are currently achieving across our portfolio to consider the options available as cash flow support with a line of credit and other facilities. To discuss specific requirements and receive an individually sourced quote, please contact us and speak with one of our brokers.

Loan Amount Loan Term
Loan Product Interest Rate Monthly Repayment
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

17 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

17 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Our Expert Approach
How We Secure Flexible Overdraft Solutions

When requiring a line of credit, the common practice for most operators is to contact their bank. But banks are not the only source of this type of funding facility. We have extensive commercial lending market coverage which includes non-bank lenders that provide a line of credit facility.

In sourcing flexible and workable options for clients, our brokers utilise their sharp negotiating skills and the leverage we have with key lenders to secure lower rates and costs. Structuring the outcome to work with our client’s cash flow requirements.

This expert service is accessible to all types of enterprises across Australia. We work with sole traders and self-employed operators, SMEs, large corporations, partnerships and other entities to achieve outcomes directly targeted to their needs. Access is direct without a referral. If you require a line of credit to maintain your operation, contact us to discuss how we can assist you.

  • 20+ years experience in commercial lending market.
  • Industry-level lending channels.
  • Superior commercial lending expertise
  • Australia-wide services.
  • FBAA Member, Licensed Credit Provider

Lower Rates: Apply Today!
Get Access to Lower Non-Bank Overdraft Rates

While banks are a major source of line of credit facilities, the non-bank sector can be extremely competitive in providing this type of credit. With our incorporation of smart technology and accreditation with more than 80 lenders, our brokers efficiently identify the lender that best suits an individual client. A critical process to ensure competitive pricing and a flexible arrangement can be negotiated.

Facilities can be arranged on an ongoing or a set term basis. The rates offered will be subject to the specific guidelines of the lender and the assessment of the applicant’s position. Rates may be fixed or variable and individually negotiated by our brokers. A line of credit can be an extremely effective facility as interest is only charged on the amount drawn on each month.

Access to this sector of the lending market through our services, can provide commercial operators with a crucial channel of funding to support their enterprise.

  • Overdraft with fixed and variable rate options
  • Access to 80+ lenders – banks and specialist non-bank lenders.
  • Security not typically required.
  • Flexible, individually negotiated solutions.
  • Short-term and ongoing options.

Discover Diverse Uses for Competitive Rates
Types of Purposes for Competitive Overdraft Rates

The purpose for the line of credit may impact any offer as it may reflect the operational and trading position of the enterprise. A line of credit may be utilised to support an operation through a range of circumstances – one-off, seasonal, recurring or ongoing.

  • Lower Overdraft Rates for ongoing cash flow support.
  • Rates on Overdrafts to purchase stock and supplies.
  • Flexible overdraft rates to address seasonal producer income.
  • Short-term support overdraft rates.
Various Uses for Competitive Overdraft Interest Rates

Compare Financing Options
Rates for Overdrafts and Other Funding Solutions

While a line of credit is a widely used facility, other solutions may offer workable options also. As specialists in commercial lending, we have a complete portfolio of credit products for both general purposes and to target specific issues. Have a conversation with one of our brokers as to the options available and how we may structure a solution to directly address your issues.

  • Secured Commercial Finance
  • Unsecured Business Loans
  • Business Overdraft
  • Insurance Premium Funding.
  • Debtor Invoice Funding.
Swift Approval for Feasible Overdraft Rates

Compare and Apply Now!
Get Fast Approval on Workable Overdraft Rates

Where the need for a line of credit exists, time may be critical. We appreciate the needs of Australian operators and provide prompt attention to every client request. Sourcing the lowest rated offer is handled with streamlined precision and approvals in many cases can be received within 24 hours. Contact us and let one of our brokers assist with options to support your operation with a line of credit at workable costs.

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FAQs
Overdraft Interest Rates

The pricing of credit products varies across the lender market. Banks and lenders will determine their own pricing based on their analysis of the economy and other factors. Rates offered will vary depending on aspects of individual applications.

A line of credit may be established at a fixed or at a variable interest rate. That may be dependent on the lender or in negotiation with the applicant.

Interest is charged on the portion of a line of credit used in a calendar month.

Options to a line of credit may include a secured or unsecured commercial loan. These credit products may be used for a range of purposes but are typically established for a set amount and over a set term.

A line of credit is a flexible format facility where businesses have access to funds as required. Other facilities such as secured and asset acquisition facilities are set for a fixed term and for a fixed amount and the goods are used as security. A line of credit is considered as an unsecured facility.

Collateral is not typically requested for approval of a line of credit. Approval may be given based on turnover and trading figures.

With all commercial credit products, lenders will assess each application individually when preparing an offer. The advertised pricing can be used as a guide to the lowest available.

With most commercial funding facilities, the interest portion is a tax deductible commercial expense.

A line of credit may be required for a range of purposes. The purpose may indicate the financial position and viability of the operation and may impact the lender offer.

Every application is addressed on an individual basis. Advertised rates will be a lender’s lowest current level. Any offer made may be higher than that advertised.

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Our Lenders

Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific