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Features & benefits
Unsecured limits up to $50k
Access up to $50,000 without using your assets as security. Lending criteria apply.
Easy access
Access your available limit from your linked Business+ Account. Use your Debit Mastercard for added convenience.
Only pay for what you use
Interest is charged on your balance owing, not your limit.
Easy online application
Apply in about 20 minutes with the Business app.
Rates & fees
Our Business+ Unsecured Overdraft has competitive rates. See all our business loan rates.
Interest rate range 14.95% p.a. to 25.95% p.a
Minimum overdraft amount $10,000
Maximum overdraft amount $50,000
Establishment fee $495
Overdraft facility fee $30 per month
Other fees may apply.
How to apply
1. Check to see if you’re eligible

Check your eligibility then download our Business app from the Apple App Store or Google Play

2. Create your business profile

Use  the  app to create your business profile.

3. Apply for the Business+ Unsecured Overdraft

Apply in minutes and verify your business, personal and financial information.

Check your business eligibility

To be eligible, here's what you need to tick off:
  • Be registered for GST and have at least $75,000 in turnover
  • Have at least one year trading history
  • If your business is a company, all directors must provide a guarantee
You won't be able to apply if your business is:
  • a partnership
  • a trust
  • a company that isn’t owned by real people
  • a tax resident in any country other than Australia
Frequently asked questions
How do I access my overdraft?

Your Business+ Unsecured Overdraft is linked to your Business+ Account.

You access your overdraft funds the same way you access your own eg. With your Debit Mastercard, in-app transfers, direct debits, BPAY®, etc.

If you overdraw your Business+ Account, don’t worry, your Business+ Unsecured Overdraft covers you (up to your approved limit) until you get your balance back in the black. You only pay interest on what you have used.

What's the difference between a loan and an overdraft?

An overdraft is a line of credit with a limit approved by your bank. It lets you to draw on that money as you need it.

A loan is a fixed amount of borrowing upfront which is repaid over a set term with regular repayments.

Who is Great Southern Bank?

Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.

For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.

We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Download our Business app to get started.

Can I get help with the Business app in your branch or call centre?

No. Our Business app is designed to be 100% digital.

For help with anything to do with the Business app, use the in-app Chat. You’ll be helped by one of our team (yep, an actual person).

Download our Business app
The business banking app built for smaller small businesses.
  • 100% app-based banking for busy business owners
  • Open accounts and loans entirely online in minutes
  • In-app support (from real people)
Download the app via QR code
Download the app in the App Store
Get it on Google Play
Download the app in the App Store
Get it on Google Play
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Business+ Account

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Business+ Unsecured Loan

The simple way to fund your business's big plans.

Important Information

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. Consider the appropriateness of the information, including the Business Banking Terms & Conditions (T&Cs) booklet and the Business Finance Terms and Conditions, before acting on it.

The product is only available to approved applicants for business purposes. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.

A Business+ Unsecured Overdraft is a revolving facility subject to annual review.

Business+ Unsecured Overdraft rates range from 14.95% p.a. to 25.95% p.a.

Great Southern Bank Business app
Business+ BSB: 834 472