Personal Overdraft
Our Personal Overdraft is linked to our Reverse Charges Account®, so you’ll have the convenience of operating it as a transaction account. But when you need those extra funds you can draw on your approved limit at any time.
There is no minimum or maximum limit on a Personal Overdraft. Your eligibility will be assessed on your available security and ability to repay.
Features and benefits
Repayments |
|---|
Repayment options | Flexible so you can pay any amount, as long as the balance stays within the credit limit. |
Additional repayments | Yes – make unlimited additional repayments any time. |
Interest rates
Interest | Mortage secured | Unsecured |
|---|
Annual Percentage Rate (% p.a.) | 8.76 | 12.82 |
Reference Rates | Secured Personal Overdraft Rate | Unsecured Personal Overdraft Rate |
Fees and charges
Operating fees and charges |
|---|
Application fee | - Secured overdrafts - $495
- Unsecured overdrafts - $150
|
Agreed Credit Advance Fee | - Charged quarterly on the last day of February, May, August and November
- 0.25% of approved overdraft limit
|
Account operating fees and charges | A Personal Overdraft is linked to an Reverse Charges Account® which has its own fees and charges. |
Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch.
To apply for a Personal Overdraft download the Consumer Lending Application form (PDF 409kb) and find out what information we need from you. Then drop in to one of our convenient locations and speak to someone face to face or call one of our friendly customer service consultants on 1300 55 72 72.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch.