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ANZ Business Overdrafts
An ANZ Business Overdraft is a flexible cash flow solution that allows you to stay on top of the ups and downs of business.
- Flexible repayment options
- Flexible loan terms
- Easily access funds
Connect with a business banking specialist
Manage your cash flow with an ANZ Business Overdraft.
Flexible Cash Flow solution
Revolving line of credit which gives you access to additional funds up to an approved limit when you need it.
$2,000
Minimum facility amount
Secureddisclaimer or unsecured
Security options
What's the difference between a business loan and an overdraft?
While both business loans and overdrafts involve borrowing money, they’re set up differently to meet different needs.
Business loan
A business loan has a set lending term and can suit small and large capital purchases. With a business loan you will make regular agreed repayments.
Business overdraft
Overdrafts are flexible short-term cash flow solutions that can help with the ups and downs of business by covering trading or seasonal cash flow cycles or managing working capital, e.g. paying suppliers or purchasing stock. Unlike business loans, overdrafts do not have set repayment commitments. You can draw on the funds in your overdraft, up to the agreed limit, and make deposits when funds are available. A fee is charged for the total limit, but you’ll only pay interest on the balance outstanding, not on the total limit.
Benefits
Maintain cash flow
Withdraw money up to an approved limit when you need to, and make deposits when your business receives payments.
Secured or unsecureddisclaimer finance
The overdraft can be unsecured (an individual / director’s guarantee may be required), or secured by suitable residential,disclaimercommercial or rural property, business assets or a combination of these, acceptable to ANZ. disclaimer
Flexible loan terms
No minimum or maximum term length, though an expiry may be elected.
Flexible repayments options
No fixed or set repayments are required.
Access funds easily
Using an ANZ transaction account to easily access your funds through ANZ Internet Banking, Digital Wallet, ANZ ATMS and more.
Pay interest on what you use
Interest is charged on what you use and added to what you owe.
Unsecured business overdrafts with ANZ GoBiz
Fast, online applications with a one-time, encrypted connection to your accounting software and no need to visit a branch.
No need to use assets as security. And no interest payable on your unused funds.
- Access $2,000 to $300,000
- Conditional approval in minutes, if eligible
Who can apply for an ANZ Business Overdraft?
Eligibility
To be eligible for an ANZ business overdraft:
- The overdraft must be used for business purposes
- Customers must be business entities, including sole traders
- The directors, partners or sole traders must be 18 years of age or older
- You'll need to meet additional eligibility criteria when applying through ANZ GoBiz
Not eligible?
We offer flexible and tailored lending solutions for businesses, find out how you can get on top of business with our range of other business loans to help you manage your cash flow or grow your business.
For more information, speak to a business banking specialist on 1800 351 663
What's the application process?
Step 1: Submit an enquiry
Fill out an enquiry form and a business banking specialist will speak to you about the product and give you the documents you need to apply.
Step 2: Apply
Complete your application and provide ANZ with the required information. We’ll seek further details from you if we need to.
Step 3: Review
Once we have all the information we need, we’ll assess your application and then make a decision. If necessary, we’ll work with you to satisfy any conditions to the lending.
Step 4: Letter of offer
If approved, we’ll provide you a Letter of Offer outlining the terms and conditions of your loan.
Ways to apply
Submit your details
Send us your information and a business banking specialist will get back to you as soon as possible.
Call us
Want to discuss new or existing ANZ business banking or need help with general enquiries?
Mon-Fri 8am to 6pm (AEST)
What are my other business lending options
ANZ GoBiz
Applying online for a business loan, business overdraft or business vehicle loan is easy. Get conditional approval in just 20 minutes, where eligible.disclaimer
Loan amount:
$10k – $500,000
Overdraft limit:
$2k – $300,000
Vehicle loan amount:
$7.5k – $500,000
Term length:
Loan: Up to seven years with a variable rate, or up to three years with a fixed rate.
Overdraft: No minimum or maximum term
Vehicle loan: Up to seven years with a fixed rate
Security:
Unsecureddisclaimer
ANZ Business Loan
An easy-to-use and flexible business loan that can be tailored to suit your lending needs.
Loan amount:
Minimum $10,000
Term length:*
1 – 15 years for unsecured loans
1 – 30 years for secured loansdisclaimer
Security:
Secured or unsecureddisclaimer
*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided.
Vehicle and Equipment
ANZ Vehicle and Equipment Finance is tailored to suit the needs and cash flow of your business.
Loan amount:
Minimum $7,500
Term length:*
1 – 5 yearsdisclaimer
Security:
Secured
*Term lengths are subject to the relevant product terms and conditions, eligibility and credit criteria, and will vary according to the security provided (including financed assets).
Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.
ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF) before acquiring the product.
Products are available to approved applicants for business purposes only. All applications for credit are subject to ANZ's normal credit approval criteria. Terms and conditions, Fees and charges and eligibility criteria apply.
We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether these products are right for you.
We recommend you obtain independent advice from a financial planner and registered tax agent if you are considering whether this product is right for you.
For an unsecured loan you won’t need to provide an asset as security, although a personal guarantee may be required in cases of directors.
ReturnResidential property does not include property development or speculative residential construction.
ReturnThe loan needs to be secured by first class security meeting ANZ security requirements, including minimum security coverage and suitable security location.
ReturnApplicants for ANZ GoBiz need to meet eligibility and credit criteria. Once approved, you'll need to sign and return your documents. Once we receive these, your funds will be in your business account within 2 business days.
ReturnThe term of the loan will be subject to relevant product terms and conditions, eligibility and credit criteria, and will vary according to the loan amount and security provided. Eligibility criteria for an ANZ Business Loan with a 30-year loan term includes:
- total credit facilities with ANZ, including new loan funds as part of the application and any credit facilities held by related entities, must be less than $3 million;
- loan purpose acceptable to ANZ; and
- provision of security acceptable to ANZ, meeting ANZ’s security requirements including minimum security coverage and suitable security location.
The eligibility criteria for Vehicle and Equipment Finance on a term of up to 5-years includes purchase of an asset acceptable to ANZ, meeting ANZ’s security requirements including suitable age, type and intended use of the asset.
Return